'Lionsgate In Pole Position On Entertainment One Acquisition: The Dish' - Deadline
Portfolio Pulse from Happy Mohamed
Lionsgate is reportedly in the lead to acquire Entertainment One, a Hasbro-owned company. Hasbro has been looking to shed all but its core business, and Lionsgate, along with Legendary and GoDigital Media Group, have been bidding for eOne's film and TV assets. Hasbro's plan, announced in January, involves cutting 15% of the company's global workforce this year, or about 1,000 positions. The eOne assets up for sale include all scripted and unscripted TV production, all film production and related global distribution, a 6,500-plus title content library, and Hasbro's interest in eOne's Canadian film and TV business.
July 17, 2023 | 8:02 pm
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POSITIVE IMPACT
Lionsgate is in the lead to acquire Entertainment One, which could potentially expand its film and TV assets.
The acquisition of Entertainment One could significantly expand Lionsgate's film and TV assets, potentially leading to increased revenues and growth in the future.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Hasbro is looking to shed all but its core business, including Entertainment One. This could potentially impact its revenues and workforce.
Hasbro's decision to shed all but its core business could potentially lead to a decrease in revenues and a reduction in workforce. This could negatively impact the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100