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News / Business / Business Briefs

Lions Gate is in talks for Starz expansion

By Wire Services
Published: May 13, 2019, 6:02am

Lions Gate Entertainment Corp., the studio behind “John Wick” and the “Hunger Games” movies, is in talks with potential partners to fund its international expansion, people familiar with the matter said.

The Santa Monica, Calif.-based company has been speaking to financial and strategic investors about financing the rollout of its Starz network in overseas markets, according to one of the people. A deal could involve raising several hundred million dollars for a multiyear rollout of the subscription video service into more countries, the person said.

Lions Gate is seeking ways to further capitalize on its acquisition of Starz — home to shows like “American Gods” — which it bought in a $4 billion deal in 2016. In March, Apple Inc. said it will carry the channel on its upcoming streaming service.

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