Lions Gate struck box-office gold as the studio behind “The Hunger Games,” but the shine has been off the company in recent years
As big entertainment companies join forces through megamergers and technology giants invest billions of dollars in new programming, Lions Gate Entertainment Corp. is finding it tough to stick to its script.
The independent studio behind “The Hunger Games” and “Orange is the New Black” embarked on a strategy to roll up other small and midsize entertainment companies in 2015, after media mogul John Malone bought a stake. The purchase of Starz, a pay-TV network, for $4.4 billion was the first step. Lions Gate’s growth plans...
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