Blog Post

Lionsgate's $21.4 Million Investment in Option To Buy Rest

Earlier this summer,, the online video site based in Beverly Hills, announced an undisclosed amount of investment from Lionsgate, the major independent film and TV studio….which Variety later reported around $21 million. The exact amount and more details were revealed in a 10-Q filed on Friday by Lionsgate: It was about $21.4 million investment, with Lionsgate getting about 42 percent of the company. “The aggregate purchase price was approximately $21.4 million, which included $0.5 million of transaction costs, consisted of the issue of 1,890,189 of the Company