Bloomberg reports that Lions Gate Entertainment Corp. – usually just “Lionsgate” – is in “advanced” talks to buy the premium-cable network Starz.
The studio is behind the “Hunger Games” movie franchise, but has also produced a number of television shows, including “Orange Is the New Black,” “Mad Men,” and “Casual” on Hulu. Owning a television network would give Lionsgate a natural home for its programming.
The potential deal would value Starz at $30 per share and could be announced in the next few days, according to Bloomberg’s sources.
The two have apparently been close to a deal for months now.
Starz, long known for showing movies, has had a number of recent breakout original series, including “Outlander” and “The Girlfriend Experience.”