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Lionsgate Acquires Minority Stake in 3 Arts Entertainment
Thursday 31 May 2018

31 May 2018 - US-based content company Lionsgate (NYSE: LGF.A) and talent management and production company 3 Arts Entertainment have formed a partnership under which Lionsgate has acquired a majority stake in 3 Arts, the two companies said.

The transaction, which is effective immediately, creates a platform combining a global distribution infrastructure, production expertise and talent relationships.

3 Arts is a leading global entertainment company and content provider with an client roster of directors, producers, actors, writers and comedians under a leadership of partners Erwin Stoff, Howard Klein, Michael Rotenberg, Molly Madden, Dave Becky, David Miner, and Nick Frenkel.

Its television production slate includes It's Always Sunny in Philadelphia, Man With A Plan, 30 Rock, King of the Hill, The Office, Parks and Recreation, Marlon, Brooklyn Nine Nine, The Mindy Project, Champions, Master of None, Unbreakable Kimmy Schmidt, Insecure, American Vandal, and Silicon Valley.

The company has also produced hit films such as The Edge of Tomorrow, Unbroken, Constantine, Devil's Advocate, I Am Legend, 13 Hours, Office Space and The Matrix.

3 Arts will continue to operate under a leadership of its partners with an operating board.

Lionsgate is a global content platform. In addition to its filmed entertainment, Lionsgate content drives a growing presence in interactive and location-based entertainment, gaming, virtual reality and other new entertainment technologies.

Based in Beverly Hills and with a longstanding office in New York, 3 Arts Entertainment is a talent management and television/film production company founded by Erwin Stoff, Howard Klein and Michael Rotenberg in 1991.

The deal was negotiated for Lionsgate by Television Group COO Laura Kennedy. The studio was represented by Robert Haymer of Latham and Watkins LLP.

3 Arts was advised by investment bank Moelis and Company LLC, Alan Epstein at Venable LLP and Craig Jacobson at Hansen, Jacobson.
Details
Date Published: 31/05/2018
Target: 3 Arts Entertainment/majority stake
Country: USA
Sector: Media
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Lionsgate
Buyer Advisor: Latham and Watkins
Comment:
Terms of the deal were not disclosed

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