November 10, 2024 Breaking News, Latest News, and Videos

Lionsgate Buying TV and Movie Business for $500 Million

The Transaction Comes Four Years After It Was Acquired for $4 Billion.

Hasbro is finalizing a $500 million deal to sell its eOne (Entertainment One) television and movie business to Santa Monica-based Lionsgate, Fortune reported. The transaction comes four years after Hasbro initially acquired eOne for $4 billion.

The agreement with Lionsgate comprises $375 million in cash, along with the assumption of production financing loans. The acquisition will grant Lionsgate access to eOne’s extensive library of nearly 6,500 titles, which includes well-known shows like “Grey’s Anatomy,” “Yellowjackets,” and “The Woman King.” Additionally, Lionsgate will gain film development rights to Hasbro’s adaptation of the popular board game, Monopoly.

As part of the deal, Lionsgate can expand operations in the U.K. and Canada. This comes as Lionsgate has recently initiated production partnerships with notable entities like BBC Studios, Channel Four, the CBC, Rogers’ CityTV, and Bell Media in these regions.

Back in 2019, Hasbro had acquired Entertainment One Ltd. in an all-cash deal valued at approximately $4 billion. At that time, Hasbro’s main interest in eOne was centered around its preschool brands, which notably included the well-loved franchises Peppa Pig and PJ Masks. Despite the sale of eOne’s television and movie business, Hasbro will retain ownership of the family brands division, ensuring continued access to Peppa Pig and PJ Masks.

<>Related Posts

Hospital Asks for Help Identifying Critically-Ill Patient

August 8, 2023

August 8, 2023

The Patient Is Described as a 5 Foot 6 Inches, 36-Year-Old Latino Man Providence Saint John’s Health Center located in...

Homeless Man Sentenced in Reed Park Stabbing

August 7, 2023

August 7, 2023

The Man Was Taken Into Custody After a Foot Pursuit On July 3, defendant Gunnar Zausniewski, 37, was convicted of...

Mega Neighborhood Garage Sale Coming to Santa Monica

August 4, 2023

August 4, 2023

Over 80 Homes are Participating in This Neighborhood-Wide Event The ultimate garage sale experience is coming to West L.A. with...

Beach Stabbing Leads to Arrest

July 31, 2023

July 31, 2023

Police Discovered the Victim Close to the Beach Restrooms On Monday, a man was apprehended by authorities in Santa Monica...

City Approves Downtown’s $1.7M Contract With Private Security Firm

July 27, 2023

July 27, 2023

DTSM Will Evaluate the Pilot Program by Reviewing Crime Statistics and Surveying Stakeholders By Zach Armstrong City Council approved a...

Santa Monica PONY Baseball Team Making Colt World Series Debut

July 24, 2023

July 24, 2023

The Team Clinched the Title of West Zone Tournament Champions in a Come-Back Victory Against Azusa In Covina, CA, the...

Prominent Santa Monica Brokerage Firm Files for Bankruptcy

July 24, 2023

July 24, 2023

Estimated Value of Its Assets Ranges Between $500K and $1 Million The company behind KW Advisors, a prominent brokerage headquartered...

Chess Games Are Coming to Third Street Promenade

July 20, 2023

July 20, 2023

The Weekly Events Are Free and Open to the Public By Zach Armstrong Downtown Santa Monica Inc. is inviting chess...

(Video Included) Councilmember Phil Brock Attacked on Third Street Promenade

July 17, 2023

July 17, 2023

The Man Doused Brock and His partner With a Sticky Liquid From a Bottle By Zach Armstrong Santa Monica Councilmember...

Reality Show Production Halted at Santa Monica Hotel

July 17, 2023

July 17, 2023

Filming Scenes Were Set For Season 11 at the Prestigious Four-Star Hotel Last week, the Fairmont Miramar Hotel & Bungalows...

City Tests AI to Issue Parking Tickets

July 17, 2023

July 17, 2023

It Involved the Installation of Two Specialized Cameras on a Bus Windshield New AI camera technology enables buses to instantly...

Two Teenage Girls Shot at Santa Monica Party

July 10, 2023

July 10, 2023

Officers Responded to a Large Party in the 2700 Block of Santa Monica Beach On July 7 around 9:20 p.m.,...

LAPD Locate Missing Santa Monica Man

July 10, 2023

July 10, 2023

The Man Was Believed to Be on Foot and Described as Possibly Being Aggressive By Zach Armstrong A missing elder...

Near-Suicide Attempt at Palisades Park Prevented By SMFD

July 6, 2023

July 6, 2023

A Rope Rescue System Was Set Up for Firefighters and Crisis Negotiators By Zach Armstrong At approximately 09:30 Wednesday morning,...

Tenants With Disabilities Protected After City Wins Housing Discrimination Case

July 6, 2023

July 6, 2023

Injunctions Were Made Against Brida LLC and its Managing Agent By Zach Armstrong A Los Angeles Superior Court Judge signed...