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Lionsgate Television Cuts Overall & First-Look Deals Post eOne Acquisition
Lionsgate Television is reducing the number of its development deals by more than half, sources tell Deadline.
In addition to being part of a post-transaction consolidation at Lionsgate, the reduction of the company’s TV deals also is likely tied to the ongoing contraction in the television business, which was accelerated after the strike. The recently launched comedy Extended Family on NBC; the new Seth Rogen comedy for Apple TV+ and The Hunting Wives for Starz, which both begin shooting in the next few weeks; Starz’s Spartacus revival, which begins shooting in New Zealand; and Gentleman in Moscow for Showtime/Paramount+ are joining returning series Ghosts S3, Acapulco S3, The Recruit, The Serpent Queen S2, BMF S4, the Power franchise, and The Rookie, which just hit the 100-episode mark. In preparation for its post-Starz future as a pure film and TV content supplier, Lionsgate has been bulking up over the past few months, spending $375M to acquire eOne and approximately $200M to increase its majority stake in 3 Arts Entertainment.
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