Lionsgate has taken a 20% stake in producer Spyglass Media Group — its assets including fashion competition series Project Runway (pictured) — and acquired the majority of its feature film library.
The deal sees Lionsgate acquire some 200 films, including The King’s Speech, Scream 4, Scary Movie 5, Spy Kids 4, Paddington, Silver Linings Playbook and other scripted hits.
Lionsgate Television and Spyglass will also enter a multi-year first-look TV deal.
Gary Barber will continue to lead Spyglass as its chairman and CEO, and Spyglass’ senior leadership team will remain in their current roles.
“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,” said Lionsgate CEO Jon Feltheimer in a statement. “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.”
Lionsgate’s unscripted television roster includes House of Ho on HBO Max, Selling Sunset and Kevin Hart: Don’t F**k This Up on Netflix, and De Viaje con Los Derbez on Pantaya, among others.