Lionsgate Shares Surge Amid Experiences ‘Hunger Games’ Studio Is Courting Euro Patrons

Lionsgate shares jumped greater than 9% following reviews that the Hunger Games studio is courting curiosity from patrons in Europe.

High on the $1 billion field workplace smash that was Michael, Reuters reported that Lionsgate has been working with an funding financial institution to evaluate potential suitors. Lionsgate declined to remark.

Banijay, which closed a take care of All3Media solely final week, is reportedly among the many chasing pack. Variety reported that Mediawan can also be .

Reuters reported that Bollore, the French media big behind Canal+, was a possible suitor, however Variety stated the corporate wouldn’t be bidding for Lionsgate.

Banijay, Mediawan, and Bollore have been approached for remark.

Lionsgate shares climbed to a excessive of $14.79 following the reviews. At the time of publication, the studio’s share worth was $14.07, giving it a market worth of greater than $4 billion.

Sources instructed Reuters {that a} deal ⁠will not be sure, and Lionsgate may but stay impartial.

The hypothesis, which comes amid seismic business consolidation, follows rumors that Netflix was eyeing Lionsgate. The streamer denied any curiosity.

Lionsgate CEO Jon Feltheimer has beforehand acknowledged the studio lacks scale in comparison with Hollywood majors.