Former U.S. treasury secretary Steven Mnuchin has added to his stake in Lionsgate, which now totals nearly $50 million, including last year’s purchases.
In a securities filing Thursday, an equity fund controlled by Mnuchin disclosed a 7.9 percent stake in Lions Gate Entertainment Corp.’s Class A voting shares. That’s a step up from the 5.5 percent holding in the Hollywood studio first acquired by Mnuchin’s fund in fall 2023 for about $30.8 million.
A Lionsgate spokesperson declined comment on Mnuchin’s latest stock accumulation, part of share purchases revealed in the regulatory filing by Liberty Strategic Capital, a private equity fund led by Mnuchin and which has no ties to John Malone’s Liberty Global.
Mnuchin raising his stake in Lionsgate comes as the major studio presses ahead with plans to separate its TV production and Motion Picture Group divisions and a 20,000-title film and TV library from Starz. Lionsgate...
In a securities filing Thursday, an equity fund controlled by Mnuchin disclosed a 7.9 percent stake in Lions Gate Entertainment Corp.’s Class A voting shares. That’s a step up from the 5.5 percent holding in the Hollywood studio first acquired by Mnuchin’s fund in fall 2023 for about $30.8 million.
A Lionsgate spokesperson declined comment on Mnuchin’s latest stock accumulation, part of share purchases revealed in the regulatory filing by Liberty Strategic Capital, a private equity fund led by Mnuchin and which has no ties to John Malone’s Liberty Global.
Mnuchin raising his stake in Lionsgate comes as the major studio presses ahead with plans to separate its TV production and Motion Picture Group divisions and a 20,000-title film and TV library from Starz. Lionsgate...
- 1/19/2024
- by Etan Vlessing
- The Hollywood Reporter - Movie News
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