Lionsgate stated at this time its acquisition of world leisure platform eOne from Hasbro is finished.
The transaction introduced final August provides 6,500 movie and tv titles to Lionsgate’s giant library; diversifies and strengthens its scripted and unscripted tv companies; extends its portfolio of manufacturers and franchises; and expands its presence in Canada and the UK.
The deal is for $375 million in money plus the belief of some manufacturing financing loans.
EOne produces ABC hit franchise The Rookie, critically-acclaimed Showtime sequence Yellowjackets, and the long-running Discovery unscripted sequence Naked & Afraid.
The transaction additionally consists of movie growth rights to Hasbro’s Monopoly model.
“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,” stated 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.”
With this deal closed, Lionsgate final week confirmed it’ll cut up the studio enterprise and Starz within the first quarter. A SPAC referred to as Screaming Eagle will purchase the studio, which can develop into a standalone publicly traded firm. The firm, which additionally renewal its 3 Arts partnership with an elevated majority stake, is on a pleasant run with it the top off 88% this yr.
Jefferies & Co., Sheppard Mullin and Denton’s Canada LLP suggested Lionsgate on the eOne transaction.
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