Lionsgate is forming a joint venture with Steven Paul’s SP Media, with Paul’s company making a capital investment aimed at expanding Lionsgate’s new business efforts. Sources say the arrangement also includes a slate of independent feature-film production by SP Media.
Across the coverage, outlets link the deal to Lionsgate’s broader push into diversification beyond its core studio activities. Deadline and Variety both describe the investment as enabling Lionsgate to continue expanding initiatives, while also outlining SP Media’s role in producing independent films. The Hollywood Reporter frames the move as Paul investing in a Lionsgate joint venture amid broader studio sale discussions, without adding additional deal details in its brief.
Variety further places the deal in a wider political context by identifying Paul as a film producer who has had close ties to President Donald Trump regarding a Hollywood federal tax incentive, while still focusing on the joint venture’s investment and production components.
