The deal to acquire Toronto-headquartered eOne includes US$375 million in cash and the assumption of production financing loans. The transaction is expected to close by the end of 2023. It will add almost 6,500 titles like “Grey’s Anatomy” and 1917 to Lionsgate’s library but excludes children’s shows like “Peppa Pig” and “My Little Pony.” (The Logic)

Talking point: The sale price is substantially lower than the nearly US$4 billion that Hasbro paid for eOne four years ago. Hasbro said its divestment of the film and production company, including its Canadian partnerships with CBC, Rogers’s CityTV and Bell Media, will help it focus on its core toys and games business. The toymaker lowered its annual revenue forecast citing the fallout from the Hollywood actors’ and writers’ strikes on eOne’s productions, CFO Gina Goetter said in an earnings call Thursday. Now headquartered in Santa Monica, Calif., Lionsgate was founded by Canadian billionaire Frank Giustra in 1997. It is expected to spin off its own film and TV studio later this year.