3 Arts Entertainment, the film production and talent-management company majority owned by Lionsgate Studios Corp., is seeking to raise as much as $250 million to finance expansion, according to people familiar with the matter.
The company wants to expand into areas such as sports and news, as well as finance more production, said the people, who asked not to be identified discussing private plans. Lionsgate will retain its majority ownership of 3 Arts in any deal, the people said.
‘ The preceding article may include information circulated by third parties ’
‘ Some details of this article were extracted from the following source www.bloomberg.com ’
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