Lionsgate Nears Deal For Stake In Management & Production Firm 42, Will Form Three-Way TV Venture With 3 Arts
deadline.comEXCLUSIVE: Lionsgate is finalizing a deal to acquire a minority stake in London and LA-based management and production company 42, we can reveal.Management-production powerhouse 3 Arts Entertainment – of which Lionsgate is a majority owner – has been a key driver in concocting the deal and will look to collaborate on TV and film projects with the fast-growing 42 and Lionsgate in a three-way venture.
We understand the pact will also include a first-look deal between Lionsgate Television and 42 for U.S.Lionsgate and 42 were unavailable for comment but we know the pact is almost done.
We hear it is lucrative and well into eight figures. In 2018, Lionsgate bought a majority stake in 3 Arts which valued it at $300M+ so given the sky-high valuations of media companies right now in Hollywood, it’s likely to be a fair chunk of change.Among 42’s hundreds of clients are Jesse Armstrong, Julian Fellowes, Claire Denis, Charlie Brooker, Michael Caine, Sofia Boutella, Nicholas Hoult, Krysty Wilson Cairns, Joanna Hogg, Lynne Ramsay, Nadine Labaki, Neil Marshall, Sebastian Lelio, Ed Skrein, Katherine Waterston, Jonny Lee Miller and Will Davies.
Managers and partners include Josh Varney, Kate Buckley and Cathy King.Production at the company is led by partners Ben Pugh (film) and Rory Aitken (TV).
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