(Reuters) -Activist investor Anson Funds Administration has taken a stake in Lionsgate Studios and is urging the corporate to contemplate a variety of choices, together with a possible sale, Bloomberg Information reported on Tuesday, citing Sagar Gupta, the agency’s head of activism.
The event comes at a time when Lionsgate — which went public this 12 months by way of a particular goal acquisition firm — is dealing with company governance points and box-office underperformance, together with the latest flop of Megalopolis.
“We all the time welcome the concepts and enter of our shareholders,” a Lionsgate spokesperson instructed Reuters.
Anson Funds didn’t instantly reply to a request for a remark.
Gupta stated that the studio behind The Starvation Video games and John Wick is undervalued and will take into account choices after it completes a separation from the Starz cable and streaming service, Bloomberg added.
Lionsgate would attraction as a takeover goal to conventional and digital media firms, together with main expertise and synthetic intelligence gamers, the report stated.
It additionally added that Lionsgate might take into account potential divestitures, together with its unscripted tv and three Arts companies, in accordance with Anson Funds.
Anson has additionally advised that Lionsgate ought to pursue different income streams, reminiscent of diving additional into merchandising and occasions like Broadway exhibits, and enhance its monetary disclosures, Bloomberg stated.
