Lionsgate Activist Investor Urges Studio to Embrace AI or Sell Itself
“The rise of generative AI has led the market to sort companies bluntly into ‘AI winners’ and ‘AI losers,’” Anson Funds' Sagar Gupta tells the board The post Lionsgate Activist Investor Urges Studio to Embrace AI or Sell Itself appeared first on TheWrap .
Activist investor Anson Funds has once again urged Lionsgate to either sell the studio or adapt to the "AI era." In a letter to the studio's board in July, Anson Funds argued that Lionsgate should align itself more closely with the rise of generative AI content, or consider selling off the company. The letter came as Lionsgate's stock has dropped sharply following the release of new AI video models like Sora and Seedance, leading the market to view the studio as an AI casualty rather than a beneficiary.
Lionsgate has previously faced similar pressure from Anson Funds in the past, with the activist investor pushing for a sale after the studio's split from Starz in 2024. Additionally, Legendary Entertainment was reportedly considering a potential acquisition of Lionsgate last year. Banijay, the TV production company behind popular shows like "Big Brother" and "Survivor," has shown interest in acquiring Lionsgate, citing the need for scale in the current media landscape.
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