While the companies declined to reveal the financial specifics of the deal, the strategic alignment aims to leverage the production experience of SP Media Group, led by Steven Paul. Paul, whose track record includes the Baby Geniuses franchise and the Lionsgate-distributed Rambo: Last Blood, will now see his projects funneled through the studio’s distribution network.

This move reinforces Lionsgate’s position as a dominant independent player, building on the commercial success of its flagship franchises like The Hunger Games and Twilight. By maintaining majority control over the new joint venture, Lionsgate secures a direct pipeline for content creation while integrating SP Media’s expertise into its existing business infrastructure.