By Lionsgate has reportedly closed its $375 million acquisition of studio Entertainment One (eOne) from Hasbro.
The closure comes after Lionsgate struck a purchasing deal for eOne’s TV and film operations from Hasbro for $500 million. The mini-major scored eOne for far cheaper than the $3.8 billion deal that Hasbro did to acquire it in 2019.
With the closure, the deal adds 6,500 film and television titles to Lionsgate’s existing library with titles that include Showtime’s smash hit “Yellowjackets,” ABC’s procedural series “The Rookie” and the “Naked and Afraid” franchise at Discovery.
Film rights for the “Monopoly” franchise are also reportedly part of the sale which is subject to purchase price adjustments and Lionsgate’s assumption of production financing loans.
Part of the reason it was so much cheaper for Lionsgate is that some popular IP was excluded from the sale including some of the biggest franchises – “Transformers,” “Power Rangers,” “Peppa Pig,” “Dungeons & Dragons,” “Magic: The Gathering,” “My Little Pony,” “Clue” and “Play-Doh”.
Lionsgate laid off 10% of eOne’s workforce in preparation for the merger closing earlier this month.
Source: Variety
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