Lionsgate In Pole Position On Entertainment One Acquisition: The Dish
deadline.comEXCLUSIVE: Lionsgate has established pole position to acquire the Hasbro-owned Entertainment One, sources tell Deadline.
Since Hasbro declared it was shedding all but its core business, Lionsgate has been oft-mentioned as suitor, as has Legendary.
Lionsgate, whose vice chair Michael Burns sits on the Hasbro board, is in the process of separatig its film and TV studio from Starz.
eOne has been changing also, Nick Meyer left the company, and eOne underwent a round of layoffs that impacted about 20% of the indie studio’s film and television staff. “This workforce reduction is part of the ongoing transformational changes Hasbro announced in January to substantially reduce costs and increase growth rates and profitability,” Hasbro spokesperson Roberta Thomson said in a statement to Deadline, declining further comment at the time.
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