Lionsgate buys bulk of Spyglass library and 20% of company

Films covered in the deal include The King’s Speech, Paddington and a Quentin Tarantino trio.Lionsgate has acquired most of the 200-title Spyglass Media Group film library and formed a strategic content partnership with the development, finance and production company headed by Gary Barber.The deal gives Lionsgate a 20% stake in Spyglass, whose other strategic investors include Italian producer-distributor Eagle Pictures, UK-headquartered exhibition giant Cineworld Group and Warner Bros.The agreement also includes a multi-year first-look television deal between Lionsgate and Spyglass.Chairman and CEO Barber and his senior leadership team will remain in place and continue to run Spyglass,

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