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Banijay and Mediawan Eye Lionsgate Studios Takeover
Variety • • business
Key Points:
- Lionsgate Studios, known for franchises like “Hunger Games” and “John Wick,” has attracted acquisition interest from European media companies Banijay and Mediawan, though no deal is guaranteed.
- Banijay, which focuses on unscripted formats, sees Lionsgate’s scripted film and TV library as a valuable addition but may delay any formal bid while integrating its recent All3Media merger.
- Mediawan aims to expand its English-language market presence and acquiring Lionsgate would provide access to major theatrical franchises and enhance its U.S. production capabilities.
- Valuation remains a key hurdle, with Lionsgate’s shares trading at a premium compared to peers, causing some potential buyers to withdraw due to price disagreements.
- Director and shareholder Mark Rachesky recently moved his 10% stake into a new fund backed by RenWave Kore, adding complexity to the ownership and potential acquisition dynamics.
