Form 4: Steven Mnuchin's Liberty 77 Capital Boosts Stake in Lionsgate Studios with Multi-Million Dollar Share Purchases

Liberty 77 Capital L.P., a significant shareholder and director group led by Steven T. Mnuchin, has substantially increased its beneficial ownership in Lionsgate Studios Corp. through recent share acquisitions totaling over $48 million.

Summary

• Liberty 77 Capital L.P., along with affiliated entities including Liberty 77 Fund L.P. and Liberty 77 Fund International L.P., reported significant acquisitions of Lionsgate Studios Corp. (LION) common shares.
• On May 28, 2025, 3,965,723 common shares were acquired at a weighted average price of $6.6513 per share, with prices ranging from $6.4700 to $6.7000.
• On May 29, 2025, an additional 154,045 common shares were purchased at a weighted average price of $6.6345 per share, with prices ranging from $6.5950 to $6.6500.
• Also on May 29, 2025, a further 3,300,000 common shares were acquired at a price of $6.5 per share.
• These transactions collectively represent an acquisition of 7,419,768 common shares.
• Following these reported transactions, the reporting persons beneficially own a total of 35,988,636 common shares indirectly.
• The total approximate value of these acquisitions exceeds $48.8 million.

Sentiment

Score: 8

Explanation: The sentiment is highly positive due to substantial insider buying by a significant shareholder and director, indicating strong confidence in the company's valuation and future prospects.

Positives

• Significant insider buying by a 10% owner and director group, indicating strong confidence in the company's future prospects.
• The substantial investment of over $48 million by Liberty 77 Capital L.P. and its affiliates demonstrates a material commitment to Lionsgate Studios Corp.

Future Outlook

N/A

Management Comments

• Each Reporting Person disclaims beneficial ownership of these securities except to the extent of its or his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.

Industry Context

Lionsgate Studios Corp. operates within the entertainment and media industry. Significant insider buying by a major shareholder and director group, such as Liberty 77 Capital L.P. and Steven T. Mnuchin, often signals strong internal confidence in the company's strategic direction and future performance within its competitive industry landscape.

Related Party Transactions

• The common shares are held by Liberty 77 Fund L.P. and Liberty 77 Fund International L.P. (the 'Liberty Funds').
• Liberty 77 Capital L.P. (the 'Liberty Manager') is the investment manager of the Liberty Funds.
• Liberty 77 Capital Partners L.P. (the 'Liberty Manager GP') is the general partner of the Liberty Manager.
• Liberty Capital L.L.C. is the general partner of the Liberty Manager GP.
• STM Partners LLC indirectly controls the Liberty Manager and the general partner of the Liberty Funds.
• Steven T. Mnuchin is the president of STM Partners LLC, establishing his indirect beneficial ownership and control over these entities and the acquired shares.

Stakeholder Impact

• Shareholders: The significant insider buying by a major investor and director group can be interpreted as a strong vote of confidence, potentially leading to increased investor interest and positive sentiment towards the stock.

Key Dates

Recommendation

Keywords

Lionsgate Studios Corp., LION, SEC Form 4, insider buying, beneficial ownership, Steven Mnuchin, Liberty 77 Capital L.P., stock acquisition, 10% owner, entertainment industry, media company