By - Che Browndon
Written-on - January 2, 2024
First, I want to wish everyone a happy new year. Lionsgate announced in December 27 2023, it has obtained the film development rights for a “Monopoly” movie. This is after Lionsgate completed its acquisition of eOne from the popular Hasbro. This information was revealed in an article which can be found on the Lionsgate website.
Lionsgate closed its acquisition of eOne for $375 million and this acquisition came with some additions. One of such is the addition of 6500 films and television titles to the Lionsgate library including ABC’s “The Rookie”, Showtime hit “Yellowjackets” and Discovery’s “Naked & Afraid”. Lionsgate has one of the largest film libraries in the world so this is a bonus. eOne is a multinational company based in Toronto Canada which is involved in the production of films and TV series. Its presence is extremely valuable in the United Kingdom and Canada.
Lionsgate CEO Jon Feltheimer made the following statement regarding the acquisition; “The eOne acquisition concludes a busy year in which we continued to execute our strategy of strengthening our studio business as we prepare for the separation and STARZ into pure play standalone companies.”
Jeffrey & Co., Sheppard Mullin and Denton’s Canada LLP advised Lionsgate on the transaction, “As we’ve conducted our integration planning, our analysis has reaffirmed our conviction that eOne will be a valuable and highly accretive addition to our business. We are pleased to welcome eOne’s talented group of employees to our Lionsgate family.”
This transaction also includes the film development rights one of Hasbro’s most beloved IP, “Monopoly”. On the otherhand, some popular IP’s excluded from the sale to Lionsgate includes Peppa Pig, Transformers, Dungeons and Dragons, Power Rangers, Clue and My Little Pony.
If you don’t know what Monopoly is, it is a super popular board game focusing on business and investment. In this game, players have to role two dice to move the game board enabling them to buy and trade properties, build houses and hotels and collecting rent Players can go to jail, pay taxes and usually get a salary after they completely go around the board. Monopoly is family friendly and it’s best when played in a group. This game is also available on mobile and PC. I currently have this game and play it with my friends and family so I know how amazing it is. It’s a fun game.
If Lionsgate is actually working on a Monopoly movie, I’m going to be interested to see how things turn out.. An example of a movie based on a board game is Jumanji which was a huge success even through its concept was taken from a board game.
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