Lionsgate completed the acquisition of a 20% stake in Spyglass Media Group.

Lionsgate, an American-Canadian entertainment company, completed the acquisition of a 20% stake in Spyglass Media Group, an American film production company. Financial terms were not disclosed. "This agreement continues to grow our valuable portfolio of IP while partnering us with Gary Barber, one of the leading entrepreneurs and content creators in the business. It is a win/win deal that creates significant incremental value for both companies while continuing to add to our global content distribution platform at a time when the demand for premium content is greater than ever," Jon Feltheimer, Lionsgate CEO.