Deals
Lions Gate’s Amazon Pact Is Seen as Step Toward Possible Takeover
- The two companies are rolling out Starz internationally
- Lions Gate has been left out of industry’s M&A frenzy
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Lions Gate Entertainment Corp. is one of the last independent film studios in Hollywood. But it might not stay that way forever.
That’s the hope of investor John Kornitzer, the fourth-largest holder of Class A shares in the company, which produced “The Hunger Games” and the Tyler Perry films. He sees a new partnership with Amazon.com Inc. as the first step toward a possible takeover by the e-commerce giant -- a move that would deliver a payday to beleaguered investors in the studio. Lions Gate has lost about a third of its value this year.