Transaction Adds 6,500 Titles to Lionsgate's
Library, Strengthens its Scripted and Unscripted Television
Business and Expands its Canadian and UK
Presence
SANTA
MONICA, Calif. and VANCOUVER,
BC, Dec. 27, 2023 /PRNewswire/ -- 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.
About Lionsgate
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.
For further information, please contact:
Peter D. Wilkes
310-255-3726
pwilkes@lionsgate.com
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SOURCE Lionsgate