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Billionaire John Malone buys big stake in Lionsgate; Starz may benefit
Billionaire John Malone buys big stake in Lionsgate; Starz may benefit

Media mogul John Malone bought a significant stake in Hollywood studio Lionsgate in what could be part of a broader strategy to beef up his Starz cable network. The billionaire, who is chairman of Liberty Media and considered an architect of the modern cable industry, will take a 3.4% interest in the Santa Monica-based studio. The transaction, which was announced Wednesday, also gives Malone a seat on Lionsgate's board. The deal was seen by Wall Street as more than just an investment. Analysts believe that Malone might be trying to make Starz a bigger player in the premium television space, taking on juggernauts HBO and Showtime, while also facing rising competition from new digital...

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