# Steven Paul’s SP Media Creates Joint Venture With Lionsgate To Expand New Businesses; Closes Film Pact

- URL: https://talkfuse.com/story/steven-pauls-sp-media-creates-joint-venture-with-lionsgate-to-expand-new-businesses-closes-film-pact/
- Published: 2026-10-26T20:15:00+00:00
- Updated: 2026-10-26T21:41:06+00:00
- Original publisher: Deadline
- Original article: https://deadline.com/2026/10/lionsgate-steven-paul-sp-media-1237191255/
- Topics: Art, Culture, Entertainment, Film

## Key points

- Lionsgate and SP Media are launching a joint venture.
- SP Media will invest in Lionsgate’s newer businesses.
- Lionsgate will distribute SP Media’s independent films.

## Summary

Lionsgate and Steven Paul’s SP Media have formed a joint venture to expand Lionsgate’s newer businesses, including 3 Arts, while also entering a film distribution pact. The arrangement gives SP Media a distributor for its independent feature films and brings in investment to support Lionsgate’s diversification.

Lionsgate will manage the venture and hold the majority stake; Paul is investing in the joint venture, not in Lionsgate itself. The announcement comes as Legendary carries out due diligence after making a takeover offer, though sources say Lionsgate has not begun a formal process to consider acquisition bids. Paul has previously produced films including *Ghost Rider*, *Ghost in the Shell* and *Rambo: Last Blood*.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.