Report
Lionsgate and Steven Paul's SP Media form joint venture for new businesses and films
Deadline reports Lionsgate will hold a majority stake and distribute independent films produced by SP Media.
TLDR
Deadline and Variety report that SP Media will invest in a Lionsgate-controlled joint venture aimed at expanding new businesses, including the diversification of 3 Arts Entertainment. SP Media will produce independent feature films for Lionsgate to distribute. Variety says the investment amount was not disclosed.
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