Lionsgate Closes Acquisition of Global Content Platform eOne

Lionsgate (NYSE: LGF.A, LGF.B) today announced that it has closed its acquisition of the global entertainment platform eOne from Hasbro. Lionsgate acquired eOne for a purchase price of $375 million in cash, subject to certain purchase price adjustments, plus the assumption of production financing loans.

The acquisition adds 6,500 film and television titles to Lionsgate’s library, one of the largest and most valuable in the world, diversifies and strengthens its scripted and unscripted television businesses, extends its portfolio of brands and franchises and expands its presence in Canada and the UK.  eOne produces the hit ABC franchise The Rookie, the critically-acclaimed Showtime series Yellowjackets and the long-running Discovery unscripted series Naked & Afraid.  The transaction also includes film development rights to Hasbro’s beloved Monopoly brand.

“The eOne acquisition concludes a busy year in which we continued to execute our strategy of strengthening our studio business as we prepare for the separation of Lionsgate and STARZ into pure play standalone companies,” said Lionsgate CEO Jon Feltheimer.  “As we’ve conducted our integration planning, our analysis has reaffirmed our conviction that eOne will be a valuable and highly accretive addition to our business.  We are pleased to welcome eOne’s talented group of employees to our Lionsgate family.”

Jefferies & Co., Sheppard Mullin and Denton’s Canada LLP advised Lionsgate on the transaction.

Lionsgate (NYSE: LGF.A, LGF.B) encompasses world-class motion picture and television studio operations aligned with the STARZ premium subscription platform to bring a unique and varied portfolio of entertainment to consumers around the world.  Lionsgate’s film, television, subscription and location-based entertainment businesses are backed by a more than 20,000-title library and a valuable collection of iconic film and television franchises. A digital age company driven by its entrepreneurial culture and commitment to innovation, the Lionsgate brand is synonymous with bold, original, relatable entertainment for audiences worldwide.

Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts
Read More

Netflix Releases Third-Quarter 2022 Financial Results

Vū Technologies, North America's fastest growing network of virtual production studios for the TV Commercial, Episodic and Feature Film industry, reveals it played a key role in the production of the upcoming movie "Sympathy for the Devil," starring Nicolas Cage and Joel Kinnaman.
Read More

KUNG FU TEA AND WARNER BROS. UNITE TO CELEBRATE THE RELEASE OF LOTR: THE WAR OF THE ROHIRRIM

Kung Fu Tea, America's largest bubble tea brand, announces a partnership with Warner Bros. Pictures to celebrate the highly anticipated release of New Line Cinema and Warner Bros. Animation's The Lord of the Rings: The War of the Rohirrim film, directed by the illustrious Kenji Kamiyama and rendered in beautiful anime, the first time for a story from the J.R.R. Tolkien world. To mark this occasion, Kung Fu Tea will introduce five special themed drinks inspired by the movie, each presented in packaging inspired by the main characters.