Lionsgate has acquired Entertainment One’s (eOne) TV and film operations from Hasbro for approximately $500 million.
The transaction is expected to close by the end of the year.News of the sale — which broke just ahead of Hasbro’s Q2 2023 earnings call, scheduled for Thursday morning — comes nearly four years to the date when Hasbro announced their intent to acquire eOne in a $3.8 billion deal in August 2019.According to a press release from Hasbro, “The sale will include a talented team of employees, a content library of nearly 6,500 titles, active productions for non-Hasbro owned IP like ‘The Rookie,’ ‘Yellowjackets’ and ‘Naked and Afraid’ franchises, and the eOne unscripted business, which will include rights for certain Hasbro-based shows like ‘Play-Doh Squished.’” The sale also includes Hasbro’s interest in the Canadian film & TV operations of eOne Canada Limited.“This sale fully aligns with our strategy, and we are pleased to…
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