cutbacks under Hasbro, which sold eOne's original music distribution business (now MNRK Music Group) to Blackstone on April 26, 2021, and closed its theatrical distribution operations in Australia, Canada, Spain, and the United Kingdom on June 29, 2022, and July 17, 2023. The cutbacks were part of a planned sale of entertainment assets not strongly tied to eOne's children's entertainment brands, such as Peppa Pig, which would be folded into Hasbro's intellectual property and merchandising business following the acquisition.
On August 3, 2023, Hasbro announced that it would sell eOne's assets to Lionsgate (another Canadian-founded business, now known as Starz Entertainment) for $500 million. The deal closed on December 27, 2023.[3][4] The company's assets would then be restructured, with the main division initially becoming eOne Canada before adapting its current name. eOne Films was placed under Lionsgate Films, while eOne Television merged with other assets into Lionsgate Television, with eOne's unscripted production assets being transferred to the newly formed Lionsgate Alternative Television.[5][6][7]
In May 2024, Lionsgate spun off its film and television business (including the company) into Lionsgate Studios.
