Hasbro Sells Entertainment One Film and TV Business to Lionsgate

Following an announcement shared by License Global last August, Hasbro has announced it has completed the sale of its Entertainment One film and TV business to Lionsgate for a purchase price of $375 million in cash, subject to certain purchase price adjustments, plus the assumption by Lionsgate of production financing loans. The announcement underscores Hasbro’s Blueprint 2.0 strategy; Hasbro will continue to develop and produce entertainment based on its rich vault of Hasbro brands.

The sale includes unscripted television production companies, Renegade and Daisybeck, as well as Hasbro’s interest in the Canadian film and TV operations of Entertainment One Canada Limited.

In connection with the closing, Hasbro expects to retire approximately $400 million of floating rate debt.