Lionsgate To Sell Assets to Rid Debt
Lionsgate Ent. plans to sell non-core assets in order to pay down its debt, according to The Hollywood Reporter. The studio hopes to evaluate the areas of its business that are creating strong income and sell those that don't meet those goals. Additionally, the studio will be looking for more co-production partners on films for the year to help balance out the investment risk. These moves come after the studio's protracted battle over its financial decisions with activist shareholder Carl Icahn.