Legendary Is Mulling Acquisition of Lionsgate
Legendary Entertainment is eyeing a deal to acquire Lionsgate Studios, following the latter company's recent separation from Starz.
If a deal is reached, it would bring together Legendary, which is behind the Dune movie franchise and a 'monster-verse' collection that includes several Godzilla movies, with Lionsgate, whose film franchises include John Wick and the Hunger Games.
Legendary first reached out about a potential partnership with Lionsgate Studios following the split-off of Starz in May.
Lionsgate Studios formally separated from the Starz business effective May 7.
The company comprising its TV and film production and distribution divisions and a content library with 20,000-plus titles, merged last year with Screaming Eagle Acquisition Corp., a special-purpose acquisition company (SPAC) and became a separately traded entity (with 87.3% of the total shares of Lionsgate Studios held by Lions Gate Entertainment Corp.).
Meanwhile, Legendary last year bought out the stake Chinese conglomerate Dalian Wanda Group owned in the company.
The pact left Legendary and private-equity firm Apollo Global Management, which acquired a stake in Legendary in 2022 for $760 million, in control of the company.
Among the Legendary Pictures' slate was this year's blockbuster 'A Minecraft Movie,' as well as films including 'The Hangover,' 'The Dark Knight' and 'Enola Holmes.'
In aggregate, Legendary Pictures-associated productions have grossed more than $20 billion worldwide at the box office, according to the company.
Legendary's TV productions have included 'Monarch: Legacy of Monsters' for Apple TV+, and 'Tomb Raider: The Legend of Lara Croft' for Netflix.
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Legendary Is Mulling Acquisition of Lionsgate
Yara Sameh Legendary Entertainment is eyeing a deal to acquire Lionsgate Studios, following the latter company's recent separation from Starz. If a deal is reached, it would bring together Legendary, which is behind the Dune movie franchise and a 'monster-verse' collection that includes several Godzilla movies, with Lionsgate, whose film franchises include John Wick and the Hunger Games. Legendary first reached out about a potential partnership with Lionsgate Studios following the split-off of Starz in May. Lionsgate Studios formally separated from the Starz business effective May 7. The company comprising its TV and film production and distribution divisions and a content library with 20,000-plus titles, merged last year with Screaming Eagle Acquisition Corp., a special-purpose acquisition company (SPAC) and became a separately traded entity (with 87.3% of the total shares of Lionsgate Studios held by Lions Gate Entertainment Corp.). Meanwhile, Legendary last year bought out the stake Chinese conglomerate Dalian Wanda Group owned in the company. The pact left Legendary and private-equity firm Apollo Global Management, which acquired a stake in Legendary in 2022 for $760 million, in control of the company. Among the Legendary Pictures' slate was this year's blockbuster 'A Minecraft Movie,' as well as films including 'The Hangover,' 'The Dark Knight' and 'Enola Holmes.' In aggregate, Legendary Pictures-associated productions have grossed more than $20 billion worldwide at the box office, according to the company. Legendary's TV productions have included 'Monarch: Legacy of Monsters' for Apple TV+, and 'Tomb Raider: The Legend of Lara Croft' for Netflix. read more New Tourism Route To Launch in Old Cairo Ahmed El Sakka-Led Play 'Sayidati Al Jamila' to Be Staged in KSA on Dec. 6 Mandy Moore Joins Season 2 of "Dr. Death" Anthology Series Don't Miss These Movies at 44th Cairo Int'l Film Festival Today Amr Diab to Headline KSA's MDLBEAST Soundstorm 2022 Festival Arts & Culture Mai Omar Stuns in Latest Instagram Photos Arts & Culture "The Flash" to End with Season 9 Arts & Culture Ministry of Culture Organizes four day Children's Film Festival Arts & Culture Canadian PM wishes Muslims Eid-al-Adha News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
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