- Shares in Lions Gate Entertainment (LGF.A +4.1%, LGF.B +3.3%) are up and hitting their highest point since share reclassification after its vice chairman indicated the studio is "very interested in the consolidation space."
- Michael Burns says the company is talking to many people about merger prospects; "I could never say specifically," but likely partners include Verizon (NYSE:VZ), Comcast (NASDAQ:CMCSA), and Amazon.com (NASDAQ:AMZN), CNBC says.
- Consolidation in the media/telecom space, including big deals set between AT&T (NYSE:T) and Time Warner and between Disney and Fox, have raised the stakes for the remaining large-size independents, and Lions Gate is firmly in that space.
- Burns says he "wouldn't pick a potential favorite partner" but highlighted all the business Lions Gate is doing with Amazon, including film releases The Big Sick and Manchester by the Sea: "We think there's more and more to do with them."
- Now read: Amazon Increases Price Of Monthly Prime Memberships - Why Not?
Original article