The development comes at a time when Lionsgate — which went public this year via a special purpose acquisition company — is facing corporate governance issues and box-office underperformance, including the recent flop of Megalopolis.

Activist investor Anson Funds Management has taken a stake in the Lionsgate Studios Corp. and is speaking with the studio behind The Hunger Games and John Wick about ways to unlock value.

Activist investor Anson Funds Management has made headlines by acquiring a stake in Lionsgate Studios, urging the embattled media giant to explore a potential sale. According to a report from Bloomberg News,

An activist investor has snapped up Lionsgate stock and is pushing leadership on a several paths, including a sale of the Jon Feltheimer-led studio after it has officially separated from Starz. Anson Funds Management - an alternative asset manager led by chief investment officer Moez Kassam with activism strategy run by Sagar Gupta - has nabbed a stake in the studio and is now one of the top shareholders of Lionsgate stock,