Lionsgate stays on the high of the potential suitors
The transfer comes simply as Hasbro is ready to report its second-quarter 2023 earnings on Thursday. Leisure One (generally known as eOne) is a tv and movie studio behind titles like The Rookie and Yellowjackets. The transfer was rumored to be occurring for a while, with Deadline additionally reporting final month that Lionsgate was on the high of checklist when it comes to who would possibly purchase the corporate.
eOne has varied belongings that Hasbro has put up on the market, together with all of its scripted and unscripted TV productions (apart from manufacturers like Peppa Pig and PJ Masks, which nonetheless exist below Hasbro’s Household Manufacturers division), all movie manufacturing, and extra.
Earlier this 12 months, Hasbro CEO Chris Cocks mentioned that he anticipated to have an replace on the sale efforts by the second quarter, and with that arising this week, extra data is predicted.
Hasbro purchased eOne in 2019 for $4 billion. In 2021, the corporate bought eOne’s music enterprise to the non-public fairness agency Blackstone for $385 million.