Entertainment company Lionsgate plans to take over its film and television studios, responsible for such franchises as “John Wick” And ‘The Hunger Games’as a separate entity, valued at $4.6 billion.
In a statement, the company explained that it would merge its film studios, known as Lionsgate StudiosWith Acquisition of Screaming Eagle, shell company.
The parent company will retain an 87.3% stake in Lionsgate Studios, while Screaming Eagle and its investors will own 12.7%. The group expects the transaction to be completed next spring.
Jon Feltheimer, Lionsgate CEO, said in a statement:
This deal creates one of the largest public content platforms in the world.
Those responsible expect the agreement to generate gross revenues of $350 million for the company.
With this move, Lionsgate will achieve its goal of separating its film and television studios from its television subscription business. starz, which will continue to be part of the parent company.
Lionsgate shares on the stock exchange NY They were up about 1.43% this morning following the news.
(according to information from EFE)
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
