Steve Mnuchin’s Liberty Strategy Capital buys 5.5% stake in Lionsgate

Gaslit

Liberty Strategy Capital, a Washington DC-based private equity firm set up by former US treasury secretary Steve Mnuchin, has spent almost $31m to pick up a 5.5% stake in Lionsgate.

The deal, revealed in a regulatory filing on Tuesday, means Liberty Strategy will own 4.5 million Class A shares, which come with voting rights. When

Mnuchin is not new to investing in content and productions, having previously backed movies such as Avatar and Suicide Squad.

The acquisition has been conducted via Liberty 77 Capital, which is operated by Liberty Strategy Capital and invests in content, financial services and tech.

It comes just a month since Lionsgate completed the acqusition of Entertainment One (eOne) from Hasbro for $500m. The US studio is also planning to split off Starz, although that move was recently delayed.

Lionsgate and Starz are home to shows ranging from Mad Men and Outlander, to Gaslit and Power Book.