Hasbro said it completed the sale of the Entertainment One film and television business to Lionsgate on December 27, 2023. The purchase price is $375 million in cash, subject to purchase price adjustments.

1. 01

   Hasbro said it completed the sale of the Entertainment One film and television business to Lionsgate on December 27, 2023. The purchase price is $375 million in cash, subject to purchase price adjustments.

2. 02

   The company said the consideration includes Lionsgate's assumption of production financing loans. The sale covers the unscripted television production companies Renegade and Daisybeck, as well as Entertainment One Canada Limited's Canadian film and TV operations.

3. 03

   The company said it plans to use the cash proceeds to retire debt and for other general corporate purposes. It said it expects to retire approximately $400 million of floating rate debt in connection with the closing.

4. 04

   The company said it will continue to develop and produce entertainment based on its own brands. It filed as Exhibit 99.2 its unaudited pro forma balance sheet as of October 1, 2023 and its unaudited pro forma statement of operations for the year ended December 25, 2022 and the 9 months ended October 1, 2023.

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Original filing

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