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[BUSINESS] · United States · 3 sources

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Lionsgate and SP Media launch film and business joint venture

Lionsgate SP Media Steven Paul joint venture independent film production

Lionsgate and Steven Paul’s SP Media have announced a new joint venture focused on investing in new businesses and producing independent feature films. Under the terms of the agreement, SP Media will produce independent films for Lionsgate to distribute. Lionsgate will maintain a majority stake in the venture and oversee its operations.

While specific financial terms were not officially disclosed, reports indicate that Paul is leading an investment of approximately $100 million to support the expansion of Lionsgate’s platform and the diversification of businesses such as 3 Arts Entertainment. This partnership comes amid ongoing industry speculation regarding potential mergers and acquisitions for Lionsgate, following a takeover offer from Legendary.

Steven Paul, the founder and CEO of SP Media Group and Crystal Sky Pictures, has previously been involved in major film franchises including Ghost Rider and Ghost in the Shell. He has also been active in advocating for federal film and TV tax credits in the United States.

Entities

3 Arts Entertainment · Legendary · Lionsgate · SP Media · Steven Paul

Claims

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Sources

Steven Paul Invests In Lionsgate Joint Venture Amid Studio Sale Chatter [www.hollywoodreporter.com]
Lionsgate, Steven Paul's SP Media Form New Business, Film Joint Venture [www.europesays.com]
Lionsgate, Steven Paul's SP Media Form New Business, Film Joint Venture [deadline.com]