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Lionsgate said today its acquisition of global entertainment platform eOne from Hasbro is done.
The transaction announced last August adds 6,500 film and television titles to Lionsgate’s large library; diversifies and strengthens its scripted and unscripted television businesses; extends its portfolio of brands and franchises; and expands its presence in Canada and the UK.
The deal is for $375 million in cash plus the assumption of some production financing loans.
EOne produces ABC hit franchise The Rookie, critically-acclaimed Showtime series Yellowjackets, and the long-running Discovery unscripted series Naked & Afraid.
The transaction also includes film development rights to Hasbro’s Monopoly brand.
“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,” said 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 last week confirmed it will split the studio business and Starz in the first quarter. A SPAC called Screaming Eagle will acquire the studio, which will become a standalone publicly traded company. The company, which also renewal its 3 Arts partnership with an increased majority stake, is on a nice run with it the stock up 88% this year.
Jefferies & Co., Sheppard Mullin and Denton’s Canada LLP advised Lionsgate on the eOne transaction.
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