LIONSGATE FORMS STRATEGIC PARTNERSHIP WITH SPYGLASS MEDIA GROUP

Lionsgate announced today that it has acquired the vast majority of the Spyglass Media Group, LLC feature film library of approximately 200 titles and established a strategic content partnership with top content creator Spyglass. The agreement gives Lionsgate a 20% stake in the company, whose major assets include the latest installment of the blockbuster horror franchise Scream, which will be released on January 14, 2022, the hit movie The Upside, the iconic fashion competition series Project Runway, and the revival of the Hellraiser franchise, which is currently in pre-production.

Lionsgate Television and Spyglass have also agreed on a multi-year first-look television deal. Fruitvale Station, The King's Speech, Scream 4, Scary Movie 5, Spy Kids 4, Paddington, Silver Linings Playbook, Lee Daniel's The Butler, and, adding to the company's extensive and growing portfolio of Quentin Tarantino titles, Django Unchained, Inglourious Basterds, and The Hateful Eight are among the library titles acquired by Lionsgate.

Gary Barber will continue to serve as Chairman and CEO of Spyglass, and the company's senior management will remain in place.

Lionsgate was represented in the transaction by a team led by Lionsgate COO Brian Goldsmith and Lionsgate EVP & General Counsel Corii Berg, with Sheppard Mullin LLP serving as legal counsel. Spyglass Media Group's transaction was negotiated by a team led by Chief Legal Officer Cheryl Rodman, with Moelis & Company LLC doing as the sole financial advisor and Venable LLP acting as the legal advisor.

ABOUT SPYGLASS MEDIA GROUP, LLC
Spyglass Media Group, LLC is a global premium content company dedicated to developing, producing, financing, and acquiring motion pictures and television programs for global audiences across all platforms. Lantern Capital Partners, Lionsgate, Warner Bros., Eagle Pictures, and Cineworld Group have provided strategic support to the company.
Lantern Capital Partners, Lionsgate, Warner Bros., Eagle Pictures, and Cineworld Group have provided strategic support to the company.

ABOUT LIONSGATE
Lionsgate brings a unique and diverse portfolio of entertainment to consumers worldwide by combining the STARZ premium global subscription platform with world-class motion picture and television studio operations. Its film, television, subscription, and location-based entertainment businesses are supported by a 17,000-title library and the independent media industry's biggest collection of film and television franchises. The Lionsgate brand is synonymous with bold, original, relatable entertainment for the people it serves worldwide. It is a digital-age company driven by its entrepreneurial culture and commitment to innovation.