Lionsgate Forms Joint Venture With Steven Paul, Movie Producer Who Has Had Trump’s Ear

Lionsgate is forming a joint venture with entrepreneur and film producer Steven Paul through his company, SP Media. Paul, who has previously lobbied President Donald Trump regarding federal tax incentives for Hollywood, is leading a significant investment to collaborate on new business initiatives. Under the terms of this agreement, SP Media will also produce independent feature films. This partnership occurs amidst ongoing industry chatter regarding a potential sale of the Lionsgate studio to other entities.