January 26, 2026

Anson campaign leads to governance settlement and board appointment at Lionsgate Studios

Goodmans LLP acted for Anson Funds Management LP in connection with its activist campaign to pressure Lionsgate Studios Corp. into pursuing the sale of its business unit, Starz Entertainment Corp., which catalyzed a second wave of activism resulting in the appointment of former Treasury Secretary Steven Mnuchin to the Board of Directors.

As part of the settlement agreement, Mnuchin can accumulate as much as 17.5% of Lionsgate’s shares.

Anson Funds is a Toronto and Dallas-based alternative asset management firm.

Lionsgate is one of the world’s leading standalone, pure play, publicly traded content companies.

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