Lions Gate Entertainment Corp. (NYSE:LGF.A) acquired 18.9% stake in Spyglass Media Group, LLC on July 15, 2021. As part of the transaction, Lions Gate has acquired the vast majority of the Spyglass feature film library of approximately 200 titles and formed a strategic content partnership with leading content creator Spyglass. Gary Barber will continue to lead Spyglass as its Chairman and CEO and Spyglass' senior leadership team will remain in their current roles. Sheppard Mullin LLP is acting as legal advisor of Lions Gate. Moelis & Company LLC is serving as the exclusive financial advisor and Venable LLP acting as a legal advisor for Spyglass.

Lions Gate Entertainment Corp. (NYSE:LGF.A) completed the acquisition of 18.9% stake in Spyglass Media Group, LLC for approximately $190 million on July 15, 2021. Out of total consideration, $171.4 million was paid at closing and $20 million will be paid over next 2 years.