Media mogul John Malone is getting into the “Hunger Games” business.
The billionaire media investor will join the board of Lionsgate, the film company behind the "Hunger Games" franchise, in a complicated deal that intertwines the Santa Monica-based movie studio and Malone’s pay-TV channel Starz.
Lionsgate will exchange 3.4% of its outstanding common stock for a minority stake in Starz, in the deal that was announced early Wednesday. The swap will give Lionsgate 14.5% of the voting stock of Starz.
An analyst valued the stock-swap deal at about $140 million.
The deal makes sense, analysts said, as Starz is on the hunt for original programming for its...