Legendary Heats Up Bid to Nab Lionsgate
The Hollywood Reporter • • entertainment
Key Points:
- Legendary has reportedly submitted an acquisition offer for Lionsgate, causing Lionsgate shares to rise significantly ahead of its November 5 quarterly earnings report, though both companies have declined to comment.
- Lionsgate, led by CEO Jon Feltheimer, is a pure-play studio with a vast 20,000-title film and TV library including franchises like John Wick, Hunger Games, and Twilight, and has recently been urged by activist investor Anson Funds to consider a sale.
- The company recently spun off from Starz and continues to develop major projects such as The Hunger Games: Sunrise on the Reaping and a John Rambo reboot, while also owning 3 Arts Entertainment, a growing management-production firm.
- Legendary, owned by Apollo Global Management since 2024, is known for franchises like Dune and Godzilla vs. Kong and is preparing to release high-profile titles including Dune: Part Three this December, signaling ongoing ambitions for expansion through dealmaking.
