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PR Newswire·

Lionsgate and Steven Paul's SP Media Launch New Joint Venture

LION
  • Lionsgate & SP Media announced a joint venture on October 26, 2026, led by Steven Paul.
  • SP Media will make a significant capital investment to co-invest in new ventures expanding the Lionsgate platform.
  • The agreement includes SP Media producing independent feature films for Lionsgate to distribute.
  • Resources will extend toward the diversification of 3 Arts & other Lionsgate businesses.
  • The joint venture will be majority owned & controlled by Lionsgate.
  • Steven Paul is the chairman, founder, & CEO of SP Media Group & Crystal Sky Pictures.
  • Lionsgate CEO Jon Feltheimer highlighted Paul's experience & valuable assets in driving business growth.
  • The deal was negotiated by Lionsgate executives Brian Goldsmith, Bruce Tobey, & Suzy Felfeli.
  • SP Media Group President & COO Scott Karol represented SP Media in the negotiations.
  • Moelis served as financial advisor to Lionsgate, while Lazard advised SP Media.
  • Paul Hastings LLP represented SP Media on the transaction.
  • Lionsgate operates as a standalone content company with a 20,000+ title library & 3 Arts Entertainment.
  • The SP Group holds diverse assets including real estate, hotels, studios, & a television network.