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Your email address will not be published.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

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.
Read More

VICE Media Group Enters Into Purchase Agreement with Lender Consortium

VICE Media Group today announced that it has agreed to the terms of an asset purchase agreement ("APA") with a consortium of its lenders (the "Lender Consortium"), pursuant to which the Lender Consortium has agreed to purchase the Company, subject to higher and better bids from other parties and to the terms of the APA. The Lender Consortium includes Fortress Investment Group, Soros Fund Management and Monroe Capital, and has agreed to provide total purchase consideration of approximately $225 million in the form of a credit bid for substantially all of the Company's assets, in addition to the assumption of significant liabilities upon closing.
Read More

Virtual Production Market to Hit $6.78 Billion by 2030

The global virtual production market size is expected to reach USD 6.78 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 18.2% from 2023 to 2030. The rising popularity of virtual production in the media and entertainment industry, combined with its capabilities to create high-definition visuals and real-time virtual environments, is the key factor propelling the growth of the market.
Read More

Cinedigm Acquires All US Rights to Japanese Remake of CUBE

Cinedigm has acquired all US rights to the Japanese sci-fi horror movie CUBE. A remake of the 1997 award-winning Canadian cult classic, CUBE takes a deeper, darker and deadlier look at isolation and gore. Cinedigm plans to release the remake on its horror streaming platform, SCREAMBOX, which is powered by Bloody Disgusting, on April 11 as a SCREAMBOX Original.