Plus Icon
Todd Spangler
NY Digital Editor
xpangler See All Add us as a Google Preferred Source
Add us as a Google Preferred Source 
SP Media; Lionsgate Lionsgate and Steven Paul, an entrepreneur and film producer who has personally lobbied President Donald Trump on a federal tax incentive for Hollywood, are forming a joint venture through which Paul’s SP Media will make a “significant” investment in new initiatives together with Lionsgate.
Under the agreement, SP Media also will produce independent feature films that Lionsgate will distribute. The relationship will be managed through the joint venture, which will be majority owned and controlled by Lionsgate. The amount of Paul’s planned investment into the JV was not disclosed. It’s understood that the joint venture’s investments will be into new businesses that expand Lionsgate’s content, including the continued diversification of 3 Arts Entertainment, Lionsgate’s talent management and production division, into new areas like sports and influencers.
Related Stories
