Lionsgate in Talks to Acquire 3 Arts Entertainment

Studio offering between $300 and 350 million for 50 percent of management and production company

Last Updated: May 30, 2018 @ 6:20 AM

Lionsgate is looking to acquire the management and production company 3 Arts Entertainment.

According to Deadline, which first reported the news, Lionsgate is offering between $300 and 350 million for 50 percent of 3 Arts, and wants the option to take over the remaining half within five years. Should the deal go through, Lionsgate is expected to keep top management at 3 Arts in place, Deadline reports.

3 Arts has recently approached several potential buyers, according to The Hollywood Reporter.

Representatives for Lionsgate and 3 Arts declined to comment.

Founded in 1991, 3 Arts currently boasts a slate of shows including “Brooklyn Nine-Nine,” “The Resident,” “Champions,” “Insecure,” “Silicon Valley,” “It’s Always Sunny in Philadelphia,” “Man With a Plan,” “Unbreakable Kimmy Schmidt,” “The Good Place” and “The Mick.”

The company’s prior production credits include television shows “Parks and Recreation,” “Everybody Hates Chris,” “The Mindy Project,” “Difficult People,” and films “Edge of Tomorrow,” “Unbroken,” “13 Hours: The Secret Soldiers of Benghazi,” and “The To Do List.”