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Mnuchin’s Liberty 77 Capital Acquires 5.5% Stake in Lions Gate

Steven Mnuchin Photographer: Christopher Pike/Bloomberg

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By Rob Golum

September 5, 2023 at 11:15 PM UTC

Updated on

September 6, 2023 at 1:52 AM UTC

Former Treasury Secretary Steven Mnuchin acquired a 5.5% stake in the Class A voting shares of Lions Gate Entertainment Corp., the independent film and TV company, and may look to discuss the company’s plans to split off its studio operation with management.

Mnuchin and his Liberty 77 Capital funds acquired 4.59 million shares for a total investment of about $30.9 million, according to a Tuesday. The studio is known for The Hunger Games and Twilight pictures.