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Lions Gate Entertainment (LGF. A) announced that it has completed the acquisition of global entertainment platform eOne from Hasbro HAS. The acquisition value of eOne was $375 million in cash. The sale is subject to value adjustments, as well as the assumption of Lions Gate. of production finance loans for eOne projects. This acquisition particularly enriches the company’s library with the addition of 6,500 film and television titles. It is used to decorate LGF’s scripted and unscripted television divisions. While expanding its portfolio of brands and franchises, as well as expanding its influence in Canada and the UK. eOne, known for generating notable content such as The Rookie, Showtime’s acclaimed series Yellowjackets, and the enduring unscripted series Discovery Naked.
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As the world’s largest independent film corporation, Lions Gate is home to beloved franchises such as John Wick, The Hunger Games, Twilight, Saw, The Expendables and Now You See Me. Each year, the studio releases between 10 and 15 films in theaters and between 40 and 50 more titles on various platforms, adding direct streaming. The company’s film, television, subscription and location-based entertainment businesses are supported by an extensive library of 18,000 titles. Lions Gate is famous for its iconic film and television franchises and is characterized as a forward-thinking virtual company driven by an entrepreneurial spirit and determination to innovate. Shares of Lions Gate, a recent Zacks Rank #3 (Hold), have gained 82. 8% so far this year, compared with a 16. 8% decline in the Consumer Discretionary sector. Zacks due to a broad portfolio of content. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. LGF. A’s expanded library bypasses the Disney DIS and Warner Bros. Discovery WBD festival. Disney Plus presents itself as a formidable competitor to Lions Gate, offering an attractive diversity of content. It is the exclusive platform to stream an extensive collection, adding Disney and Pixar libraries, Star Wars movies, Marvel movies, original TV shows, National Geographic content, and seasons of The Simpsons. Hit series like The Mandalorian, Loki, Andor, and She-Hulk, as well as critically acclaimed titles like Turning Red and Encanto, have gained popularity. Paramount Plus consolidates live news and sports with a wide diversity of on-demand content, spanning exhibitions and movies, adding original productions. Leveraging Paramount’s various brands, including CBS, MTV, BET, Comedy Central, Nickelodeon, Paramount Network and the Paramount Pictures film studio, the platform offers a complete entertainment experience. Key attractions come with the Star Trek catalogue, which includes classics and new originals like Star Trek: Discovery and Picard, as well as acclaimed series like The Good Fight.
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