Lionsgate and Hasbro Sign Agreement for Lionsgate to Acquire Global Independent Content Platform eOne
SANTA 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.
- eOne 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.
- As part of the agreement, Lionsgate also will acquire film development rights to Hasbro's Monopoly, based on the wildly popular board game.
- "The acquisition of eOne checks off all the boxes in areas that play to our core strengths," said Lionsgate CEO Jon Feltheimer.