The Traderszone Network

Published in TZ Latest News 12 August, 2017 by The TZ Newswire Staff

Hasbro Deal for Lions Gate Falls Through. Which Movie Studio Is Next?

Hasbro (NASDAQ: HAS) is 0-for-2 when it comes to buying big movie studios. Reuters recently revealed that the toy maker was in talks to buy Lions Gate Entertainment (NYSE: LGF-A)(NYSE: LGF-B), but the deal apparently fell apart over price. Similar to Hasbro’s failed attempt to acquire DreamWorks Animation in 2014, which also went nowhere because of price, it shows the toy maker is serious about breaking into Hollywood.

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