Lionsgate Studios (LION) and SP Media have formed a joint venture through which SP Media will make a significant capital investment to co-invest in new ventures that expand the Lionsgate platform and support the diversification of 3 Arts and other Lionsgate businesses, the companies said late Monday.
Lionsgate will control and own the majority of the joint venture, while SP Media will also produce independent feature films that Lionsgate will distribute, they said.
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