Lionsgate Acquires Majority Stake In 3 Arts Entertainment - Quick Facts

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(RTTNews.com) - Lionsgate Entertainment (LGF-A, LGF-B) has acquired a majority stake in entertainment company and content provider 3 Arts Entertainment, the two companies said Wednesday. 3 Arts will continue to operate under the leadership of its partners with an operating board.

Lionsgate noted that 3 Arts has an A-list client roster of directors, producers, actors, writers and comedians under the leadership of partners Erwin Stoff, Howard Klein, Michael Rotenberg, Molly Madden, Dave Becky, David Miner, and Nick Frenkel.

Beverly Hills-based 3 Arts' television production slate includes "It's Always Sunny in Philadelphia", "Man With A Plan", "30 Rock", "King of the Hill", "The Office", and "Parks and Recreation", among others.

In addition, 3 Arts has produced films such as "The Edge of Tomorrow", "Unbroken", "Constantine", "Devil's Advocate", "I Am Legend", "13 Hours", "Office Space" and "The Matrix".

Lionsgate Chief Executive Officer Jon Feltheimer said, "This deal checks all the boxes - a strategic and accretive transaction for our shareholders and a win/win partnership for both companies. It enables us to deepen our already successful relationship with 3 Arts and allows them to offer a richer palette of opportunities to their clients."

The deal was negotiated for Lionsgate by Television Group COO Laura Kennedy. The studio was represented by Robert Haymer of Latham & Watkins LLP.

3 Arts was advised by investment bank Moelis & Company LLC, Alan Epstein at Venable LLP and Craig Jacobson at Hansen, Jacobson.

Read the original article on RTTNews (http://www.rttnews.com/2899958/lionsgate-acquires-majority-stake-in-3-arts-entertainment-quick-facts.aspx)

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