Lionsgate and talent management and production company 3 Arts Entertainment have formed a partnership under which Lionsgate has acquired a majority stake in 3 Arts, the two companies announced Wednesday.
The transaction, which is effective immediately, creates a competitive platform combining a global distribution infrastructure, deep production expertise and talent relationships. 3 Arts will continue to operate under the leadership of its partners with an operating board.
3 Arts is a leading global entertainment company and content provider with an A-list client roster of directors, producers, actors, writers and comedians under the leadership of partners Erwin Stoff, Howard Klein, Michael Rotenberg, Molly Madden, Dave Becky, David Miner, and Nick Frenkel.
Its television production slate of award-winning hit 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 hit films such as The Edge of Tomorrow, Unbroken, Constantine, Devil’s Advocate, I Am Legend, 13 Hours, Office Space and The Matrix.
The deal was negotiated for Lionsgate by Television Group COO Laura Kennedy. The studio was represented by Robert Haymer of Latham & Watkins LLP. 3 Arts was advised by investment bank Moelis & Company LLC, Alan Epstein at Venable LLP and Craig Jacobson at Hansen, Jacobson.