Steven Paul’s SP Media Creates Joint Venture With Lionsgate To Expand New Businesses; Closes Film Pact

Lionsgate and Steven Paul's SP Media have established a new joint venture. This agreement involves a capital investment from SP Media, enabling Lionsgate to further diversify 3 Arts and other emerging business ventures. Additionally, the partnership focuses on the production of independent feature films. This strategic collaboration aims to expand and grow the Hollywood studio through shared resources and a commitment to producing independent cinema, marking a significant expansion for both entities involved in the deal.