Lionsgate has closed its acquisition of global entertainment platform Entertainment One (eOne) from Hasbro for a price of US$375 million in cash, plus the assumption of production financing loans.

The acquisition adds 6,500 film and television titles to the Lionsgate library, and an interest in eOne’s Canadian operations. It will cut approximately US$400 million of Hasbro’s float rate debt, according to a news release. The deal also includes film development rights to Hasbro’s Monopoly brand.

The eOne catalogue includes scripted series like Showtime’s Yellowjackets and ABC’s The Rookie, and unscripted titles as the long-running Discovery series Naked & Afraid. The transaction will also expand Lionsgate’s presence in Canada and the U.K., said the release.

“The eOne acquisition concludes a busy year in which we continued to execute our strategy of strengthening our studio business as we prepare for the separation of Lionsgate and Starz into pure-play standalone companies,” said Lionsgate CEO Jon Feltheimer (pictured) in a statement. “As we’ve conducted our integration planning, our analysis has reaffirmed our conviction that eOne will be a valuable and highly accretive addition to our business.”

The deal was initially revealed in August of 2023, after months of speculation of who would acquire the assets. In early December, in anticipation of the transaction’s closure, eOne cut about 10% of its staff.

Jefferies & Co., Sheppard Mullin and Denton’s Canada LLP advised Lionsgate on the transaction, while J.P. Morgan and Centerview Partners advised Hasbro. Osler, Hoskin & Harcourt LLP was legal counsel for Entertainment One Canada Limited.

A version of this story originally appeared in Realscreen