Lionsgate and SP Media form joint venture to expand production capabilities
Lionsgate has entered into a joint venture with Steven Paul’s SP Media to co-invest in new business opportunities and expand its global film production platform.
Lionsgate has formed a new joint venture with SP Media, a company led by producer Steven Paul. The partnership includes a capital investment from SP Media, intended to fuel the development of new businesses that will bolster Lionsgate’s global distribution and content platform.
The collaboration focuses on the production of independent feature films, providing Lionsgate with additional capacity to bring content to market. Furthermore, the deal directs resources toward the continued diversification of 3 Arts Entertainment and other assets within the Lionsgate portfolio.
The move comes as established studios increasingly seek external capital to scale operations and mitigate risks in the volatile independent film sector. Financial terms of the agreement remain undisclosed.