Apollo-Backed Legendary Weighs Acquisition of Lionsgate Studios

(Bloomberg) – Independent film and TV studio Legendary Entertainment LLC behind the film Dune Trilogy and Minecraft thinks that Lionsgate Studios Corp.

Supported by Apollo Global Management, Legendary was first of all Lionsgate’s Starz Entertainment Corp. After concluding the separation of the TV network and flow service, he approached the company, people who want to be called specially. These interviews said that the legendary focuses on a potential partnership to produce a handful of films to measure how the two companies work together and whether they will continue with a transfer offer.

Legendary and Lionsgate representatives refrained from commenting. Following Bloomberg’s news, Lionsgate shares increased by 8%.

Lionsgate, which is currently a market value of $ 1.8 billion, has produced TV hits, including the Mad Madims of the Popular film, including John Wick, The Hunger Games and Twilight, and will provide a legendary theater distribution network, including AMC’s madmen.

Produced jointly by Legendary and Warner Bros. Discovery Inc.’s April Minecraft film, which was released in April, sells $ 423.9 million in the USA and Canada, the highest revenue film this year.

Legendary’s General Manager Josh Grode, in an interview with Bloomberg Businessweek in 2024, said that Apollo plans to tap finance for billions of dollars in the entertainment industry.

Last year, Legendary and Apollo were linked to the potentially purchasing of the Paramount Pictures film studio, and then the parent company was connected to the potentially purchasing of Paramount Global. Instead, David Ellison’s Skydance Media LLC is purchased.

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