Private Equity Firm One Equity Partners Joins Lionsgate's TV Guide Network and TV as 49% Equity Partner

    Media Investor Allen Shapiro Will Play Key Role In Channel's Growth

    SANTA MONICA, Calif., and VANCOUVER, British Columbia, May 28
/PRNewswire-FirstCall/ -- Lionsgate (NYSE:   LGF), the leading next generation
studio, announced today that One Equity Partners (OEP), the global private
equity investment arm of JPMorgan Chase, will become a 49% equity partner in
Lionsgate's TV Guide Network and  One Equity Partners will pay
approximately $123 million in cash for a 49% stake in the network and the online business.  OEP retains the option of buying another 1% of
TV Guide Network and under certain circumstances.  Allen Shapiro,
a leading media investor, has also joined the partnership and will play an
important role in the channel's growth as Chairman of the joint venture,
partnering with Lionsgate Co-Chairman and Chief Executive Officer Jon
Feltheimer to lead the channel's Executive Committee, supported by Lionsgate's
television management team.

    Lionsgate acquired TV Guide Network, which reaches approximately 83
million homes and is one of the 30 most widely-distributed cable networks, and
leading online navigation site on February 28, 2009 for
approximately $250 million.

    "We are delighted to welcome both One Equity Partners and Allen Shapiro
as partners in TV Guide Network and," said Feltheimer.  "Given
their longstanding interest in the channel and the alignment of our interests,
they are the ideal partners.  OEP is a distinguished and well-capitalized firm
that shares our vision of building a dynamic entertainment channel driven by
Lionsgate-branded content that will prove to be a major force within our

    "I believe that TV Guide Network and are unique assets which
are difficult to replicate and create enormous opportunities for sustained
future growth," said Shapiro.

    "We are pleased to partner with Lionsgate and Allen Shapiro on these two
unique properties within the media landscape," said One Equity Partners
Managing Director Greg O'Hara.  "The marriage of Lionsgate's tremendous
content creation and marketing prowess, our financial resources and expertise
and Allen Shapiro's media investment track record form the kind of winning
combination that we have sought from day one."

    "We're pleased to add the tremendous resources of OEP and Allen Shapiro
to our channel," said Ryan O'Hara, President of TV Guide Network and  "They will bring great value to our TV Guide Network and brands."

    The acquisition of TV Guide Network continues Lionsgate's strategy of
leveraging its content leadership into new channel distribution platforms that
include the branded horror channel FEARnet, operated with partners Sony and
Comcast, and the new premium entertainment channel EPIX, which is scheduled to
launch in October with partners Viacom and MGM.  The acquisition of, a leading online navigation site which has grown from five to 19
million monthly unique visitors in the past three years, continues to expand
Lionsgate's online businesses, which include a 42 percent investment in
leading young men's site Break Media and an innovative partnership with
YouTube for a dedicated Lionsgate channel of filmed entertainment content.

    Lionsgate is the leading next generation studio with a strong and
diversified presence in the production and distribution of motion pictures,
television programming, home entertainment, family entertainment,
video-on-demand and digitally delivered content. The Company is leveraging its
content leadership and marketing expertise to create a multiplatform global
industry leader in entertainment through the recent acquisition of TV Guide
Network, one of the 25 most widely distributed cable networks, the recent
acquisition of, a premier content and navigation portal,
partnerships that include the FEARnet branded VOD and Internet horror channel
with Sony and Comcast, the expected fall 2009 launch of EPIX, a new premium
entertainment channel with partners Viacom and MGM, investment in the leading
young men's digital distribution platform Break Media, ownership of the
premier independent television syndication company Debmar-Mercury and an
alliance with independent filmed entertainment production and distribution
company Roadside Attractions.

    The Company is a market share leader at the North American theatrical box
office for calendar 2009 due to recent theatrical box office successes such as
TYLER PERRY'S MADEA GOES TO JAIL, the second highest-grossing film in
Other recent successes include SAW V, RELIGULOUS, FORBIDDEN KINGDOM, RAMBO and
THE BANK JOB.  Lionsgate has forged a strong position in television with the
production of such critically-acclaimed series as "Mad Men," "Weeds" and
"Crash," the distribution of Tyler Perry's "House of Payne," "Family Feud" and
"South Park," and upcoming shows including Tyler Perry's "Meet The Browns" and
"The Wendy Williams Show."  In addition, the Company's home entertainment
business, propelled by such recent DVD successes as TRANSPORTER 3, SAW V and
TYLER PERRY'S THE FAMILY THAT PREYS, is the industry leader in box
office-to-DVD conversion rate and has market share of nearly 8%.  Lionsgate
handles a prestigious and prolific library of approximately 12,000 motion
picture and television titles that is an important source of recurring revenue
and serves as the foundation for the growth of the Company's core businesses.
The Lionsgate brand remains synonymous with original, daring, quality
entertainment in markets around the world.

    Allen Shapiro was most recently President of Mosaic Media Group and CEO
of dick clark productions.  As President, Mr. Shapiro expanded Mosaic from an
entertainment service business into an asset management company by investing
in and controlling strategic media assets.  Mr. Shapiro facilitated the
leveraged buyout of dick clark productions (dcp) and became CEO of dcp in
2004.  While at dcp, Shapiro served as Executive Producer of "So You Think You
Can Dance," The Golden Globes, American Music Awards, Academy of Country Music
Awards, and New Years Rockin' Eve.  dcp was successfully sold in June 2007. 
Mr. Shapiro arranged Mosaic's acquisition of Hamstein Music (ZZ Top) and the
Daksel & Seldak (Aerosmith) catalog to form Mosaic Music Publishing.  Mosaic
Music Publishing was sold successfully in 2005.  Prior to joining Mosaic,
Shapiro served as President / CEO of The IndieProd Company, where he arranged
the sale of the Company to Carolco Pictures Inc.  While at IndieProd, Shapiro
also produced numerous films and television shows.  In 1983, Shapiro joined,
and subsequently became a partner at the law firm Gipson Hoffman & Pancione. 
Shapiro also headed the music practice of the prestigious Kaplan, Livingston,
Goodwin, Berkowitz and Selvin firm and specialized in music and entertainment
law in private practice.  Shapiro's professional career began in his hometown
of Chicago, IL in the Office of the General Counsel at Playboy Enterprises,

    Established in 2001, One Equity Partners manages $8 billion of
investments and commitments for J.P. Morgan Chase & Co. in direct private
equity transactions.  One Equity Partners has invested in over 30 companies in
a variety of industries including defense, chemicals, healthcare, technology
and manufacturing.  One Equity Partners' investment professionals are located
across North America, Europe and Asia, with offices in New York, Chicago,
Menlo Park, Frankfurt and Hong Kong. Visit for more

    For further information, contact:
    For Lionsgate

    Peter D. Wilkes

    For Allen Shapiro

    Mara Buxbaum


For further information:

For further information: Peter D. Wilkes of Lionsgate, +1-310-255-3726,; or Mara Buxbaum, +1-323-822-4800,,
for Allen Shapiro Web Site:       

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