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Hasbro's eOne Reported to be Acquired by Lionsgate To Be Announced Soon

Just out on the SNS, The Hollywood Reporter says that Hasbro's eOne has been acquired by the Lionsgate Studio for $500 Million in a cash and assets deal that could close by end of 2023. The report states there will be an offical announcement coming coon with details on the deal. Hasbro is said to be selling off just the TV and Movie assets to focus on their core toy and gaming initiatives.

“The acquisition of eOne checks off all the boxes in areas that play to our core strengths,” said Lionsgate CEO Jon Feltheimer. “It will be immediately and highly accretive, adds a world-class library with thousands of properties, strengthens our scripted and unscripted television business and continues to expand our presence in Canada and the U.K. The deal is the culmination of our long-standing relationship with the immensely talented team at eOne, and it continues to build our position as one of the world’s leading independent content platforms with a stockpile of great intellectual properties and a unique, non-replicable portfolio of assets.”

This should come as no surprise as Hasbro said they were looking to sell the production side of their eOne TV and Film business units in during their Hasbro Investor Day Live Stream, event back in November 2022. The sale is part of Hasbro's new strategy to focus on core brand development and licensing for their top performers including the following: Peppa Pig, Transformers, Dungeons & Dragons, Magic: The Gathering, My Little Pony, Power Rangers, Play-Doh, Monopoly, and Clue.

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