Lakeshore Entertainment has put its film library on the block as it seeks to expand its activities in television.
The company quietly began shopping its 300-title library earlier this year. Moelis & Co. is handling the sale process.
“Over the past 20 years, Lakeshore has built a top-tier 300-title motion picture library through production and acquisition, with films such as ‘Runaway Bride,’ ‘Million Dollar Baby,’ ‘Lincoln Lawyer,’ and the ‘Underworld’ franchise,” Lakeshore spokesman Dennis Davidson told Variety. “Premium content has proven highly desirable to a multitude of financial and strategic buyers and Lakeshore’s library, including its numerous remake, sequel/prequel, and television adaptation rights, is an ideal asset for them. Lakeshore is investigating monetizing this library, which will allow the company to expand into television, as well as continue its broad feature film production.”
Lakeshore decided to test the waters for its vault after receiving a few unsolicited inquiries from interested buyers.
The company quietly began shopping its 300-title library earlier this year. Moelis & Co. is handling the sale process.
“Over the past 20 years, Lakeshore has built a top-tier 300-title motion picture library through production and acquisition, with films such as ‘Runaway Bride,’ ‘Million Dollar Baby,’ ‘Lincoln Lawyer,’ and the ‘Underworld’ franchise,” Lakeshore spokesman Dennis Davidson told Variety. “Premium content has proven highly desirable to a multitude of financial and strategic buyers and Lakeshore’s library, including its numerous remake, sequel/prequel, and television adaptation rights, is an ideal asset for them. Lakeshore is investigating monetizing this library, which will allow the company to expand into television, as well as continue its broad feature film production.”
Lakeshore decided to test the waters for its vault after receiving a few unsolicited inquiries from interested buyers.
- 3/8/2019
- by Cynthia Littleton
- Variety Film + TV
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