Business
Lionsgate and Hasbro Sign Agreement for Lionsgate to Acquire Global Independent Content Platform eOne
Acquisition Adds 6,500 Titles to Lionsgate Library, Strengthens its Scripted and Unscripted Television Business and Expands its Presence in Canada and the UK
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[{"type":"text","content":"Acquisition Adds 6,500 Titles to Lionsgate Library, Strengthens its Scripted and Unscripted Television Business and Expands its Presence in Canada and the UK\nSANTA MONICA, Calif. and PAWTUCKET, R.I., Aug. 3, 2023 /PRNewswire/ -- Lionsgate (NYSE: LGF.A, LGF.B) and Hasbro (NASDAQ: HAS) today announced that they have signed an agreement under which Lionsgate will acquire the independent content platform eOne in a transaction valued at approximately $500 million, comprised of cash of $375 million subject to additional purchase price adjustments, and the assumption of production financing loans. The agreement is subject to Hart-Scott-Rodino approval and customary closing conditions.\n\n \n \n \n \n \n \n\n \neOne is a world-class producer of scripted and unscripted television and motion pictures with global distribution and a 6,500-title film and television library. Under the agreement, Lionsgate will acquire a library that includes titles such as 1917, Atomic Blonde, Green Book, Grey's Anatomy, Criminal Minds, Renegade and Designated Survivor. eOne's scripted television business is powered by The Rookie TV franchise, now in its sixth season on ABC, the hit spinoff The Rookie: Feds, and production of Showtime's critically-acclaimed horror thriller Yellowjackets. eOne's unscripted business is led by the long-running hit reality series Naked & Afraid, now in its 11th season on Discovery.\neOne's film division has a track record of critically-acclaimed films including last year's action adventure The Woman King, which debuted to widespread critical acclaim, the Academy Award-nominated The United States v. Billie Holiday, and 1917, eOne's highest-grossing UK release ever. As part of the agreement, Lionsgate also will acquire film development rights to Hasbro's Monopoly, based on the wildly popular board game. The eOne acquisition will allow Lionsgate to continue to scale its operations in the UK and Canada, where it has recently launched production partnerships with BBC Studios (Ghosts), Channel Four (Motherland), the CBC (Son of A Critch), Rogers' CityTV (Wong & Winchester) and Bell Media.\n\"The acquisition of eOne checks off all the boxes in areas that play to our core strengths,\" said Lionsgate CEO Jon Feltheimer. \"It will be immediately and highly accretive, adds a world-class library with thousands of properties, strengthens our...