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Lionsgate is in advanced talks to acquire Starz

Paul Schrodt   

Lionsgate is in advanced talks to acquire Starz

hunger games diversity

Lionsgate

Bloomberg reports that Lions Gate Entertainment Corp. (usually seen as 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."

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