Is Lionsgate Entertainment getting ready to sell off its online assets? The New York Post is reporting that the company is considering spinning off multiple digital assets, including its share of pay-TV company EPIX, FearNet, it’s VoD horror service, and its TV Guide and TVGuide.com interests. According to the report, in total, Lionsgate is looking at spinning off assets that constitute around 15-20% of its total revenue.
The move comes following Lionsgate’s posting of a $6 million quarterly loss in Q4 2010, which lead to an announcement of the company looking to sell off “non-core assets.” Sources say that the sale could net Lionsgate around $800 million, with Break Media – a video ad network aimed at men – valued between $500-600 million by itself.
Despite the Post’s certainty on the story, potential buyers might want to wait before eagerly opening their wallets; Lionsgate is refusing to comment about whether any spin-offs are imminent.
More on Techland:
Netflix Tries To Go Social (Again)