Lionsgate Buys Majority Stake in 3 Arts Entertainment

Lionsgate has acquired a majority stake in the talent management and production company 3 Arts Entertainment.

The transaction is effective immediately. 3 Arts will continue to operate under the leadership of its partners with an operating board. The company has a client roster of directors, producers, actors, writers and comedians. Its TV production slate of series includes It’s Always Sunny in Philadelphia, Man With a Plan, 30 Rock, King of the Hill, The Office, Parks and Recreation, Marlon, Brooklyn Nine-Nine, The Mindy Project, Champions, Master of None, Unbreakable Kimmy Schmidt, Insecure, American Vandal and Silicon Valley. 3 Arts has also produced films such as The Edge of Tomorrow, Unbroken, Constantine, Devil’s Advocate, I Am Legend, 13 Hours, Office Space and The Matrix.

“We’re excited to be partnering with a best-in-class talent management company that shares our entrepreneurial culture and vision for the future,” said Lionsgate’s CEO, Jon Feltheimer. “This deal checks all the boxes—a strategic and accretive transaction for our shareholders and a win-win partnership for both companies. It enables us to deepen our already successful relationship with 3 Arts and allows them to offer a richer palette of opportunities to their clients.”

The 3 Arts management team added, “We’re thrilled to be partnering with one of the most dynamic and innovative entertainment companies in the business. Every day our clients are asking about the changing landscape, and this venture will create enormous opportunities to harness Lionsgate’s areas of expertise to give clients a competitive edge.”