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Discovery Communications takes a piece of TV studio Lionsgate for $195 million

lionsgate Premiere of Lionsgate Films' "Warrior" - Red Carpet

Fueling rumors that Lionsgate will merge with Starz, the Santa Monica, California, studio has sold 3.4 percent stakes to Silver Spring-based Discovery Communications and Liberty Global. Each company will purchase 5.0 million common shares for approximately $195 million.

 

Read the full story at Biz Journals, by Annlee Ellingson

READ MORE: Lionsgate

lionsgate Premiere of Lionsgate Films' "Warrior" - Red Carpet

Lionsgate (NYSE: LGF), the Canadian-American entertainment company, said today that its Board of Directors has increased the Company’s quarterly cash dividend from seven cents ($0.07) per common More…

marc-danon-broad-green-pictures

Broad Green Pictures has hired Marc Danon as President of acquisitions and co-productions. He moves over from Lionsgate Entertainment where he held the position of senior VP of acquisitions and business development More…

Lionsgate asia

Lionsgate Entertainment, which is headed by Mark Rachesky, is said to be close to closing a deal that could be worth as much as $1.5 billion with China’s Hunan TV and Broadcast Intermediary Co Ltd. Rachesky heads More…

 

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