A film and TV production company is considering making an offer to buy Lionsgate Studios, which has a sprawling production complex in Yonkers, according to the entertainment industry publication Variety and the Los Angels Times, among others.
The company considering buying Lionsgate is reported to be Legendary Entertainment LLC, which has seen success at the motion picture box office with “A Minecraft Movie” and the “Dune” trilogy.
The reports indicate that Legendary is considering a plan under which it would initially partner with Lionsgate to make a few movies and thus be able to determine how well the companies could work together. That experience would allow Legendary to decide whether to move forward with a purchase offer, according the reports that cite unnamed sources.
Sources who asked to remain anonymous were reported to have said that Legendary first approached Lionsgate about the matter in May.
Legendary’s “Dune” movies have grossed more than $1 billion globally at box offices. “A Minecraft Movie” has grossed more than $900 million worldwide. In 2022, funds managed by affiliates of Apollo Private Equity Partners agreed to make a $760 million equity investment in Legendary.
Lionsgate’s popular films include “John Wick,” “The Hunger Games” and “Twilight.”
The Lionsgate Studios complex in Yonkers was built by Great Point Studios and real estate developer National Resources, based in Greenwich. It has 11 soundstages along with support and back lot spaces and continues to expand.
Lionsgate reported revenues of $1.1 billion for its fourth quarter of its fiscal year that ended in March. Fourth quarter net income was $23.1 million. Revenues for Fiscal Year 2025 were $3.2 billion with a net loss of $128.5 million.
