Steve Mnuchin’s investment firm, which was led by the former Treasury Secretary from Hollywood, has grown its ownership in Lionsgate Studios – known for producing series like John Wick and The Hunger Games movie franchise.
On Thursday, Liberty Strategic Capital, run by Mnuchin, declared the purchase of an extra 3.3 million ordinary shares in Lionsgate Studios. As stated by the company, Liberty Strategic Capital now has control over a total of 35.99 million ordinary shares, which equates to around 12.6% of all issued and outstanding ordinary shares belonging to Lionsgate Studios. Prior to this acquisition, Liberty Strategic Capital owned 9.5%, as disclosed in an SEC filing from May 6th.
Liberty Strategic Capital has bought more Lionsgate Studios shares with the aim of investing. They plan to regularly examine this investment in Lionsgate Studios, adjusting their position based on Lionsgate Studios’ performance and overall market conditions. This could mean either increasing or decreasing their investment in Lionsgate Studios.
Recently, Mnuchin’s stake in Lionsgate Studios has grown following its official split from Starz, which took place on May 7th. Lionsgate Studios, encompassing its television and film production and distribution sectors, as well as a library of over 20,000 titles, merged with Screaming Eagle Acquisition Corp., a special-purpose acquisition company (SPAC), last year. This merger made Lionsgate Studios a standalone entity, with Lions Gate Entertainment Corp. owning approximately 87.3% of its shares. After the separation from Starz, shareholders of Lions Gate Entertainment Corp. received shares in both Lionsgate Studios and Starz.
Mark H. Rachesky, head of MHR Fund Management and its founder, is a significant shareholder in Lionsgate Studios, owning approximately 37.65 million common shares through his funds. This equates to around 13.18% of the total issued and outstanding common shares as of May 9. Furthermore, Rachesky also holds an additional 37.87 million common shares, representing about 13.25% of the issued and outstanding common shares, through MHRC, MHRC II, Institutional Advisors III, Institutional Advisors IV, and MHR Holdings, as of May 9.
Furthermore, as of May 6th, John Malone’s company, Liberty Global, held approximately 7 million shares in Lionsgate Studios. This equated to a 2.5% stake in the company at that time.
Previously, Liberty Strategic Capital under the leadership of Mnuchin spearheaded a group of investors who injected $1 billion into New York Community Bancorp (now known as Flagstar Financial). Subsequently, Mnuchin became part of their board and now holds the position of the lead independent director at Flagstar.
Additionally, Mnuchin is currently a member of the boards for various firms within Liberty Strategic Capital’s portfolio, including Cybereason, Satellogic, and Zimperium.
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2025-05-30 19:17