Lionsgate and Steven Paul Team up on New Ventures, Film Deal

WHO:

Deadline - Lionsgate and Steven Paul’s SP Media are parties to the joint venture.

Variety - Steven Paul is described as an entrepreneur and film producer.

Variety - Steven Paul personally lobbied President Donald Trump on a federal tax incentive for Hollywood.

WHAT:

Deadline - Lionsgate and SP Media are launching a joint venture.

Deadline - SP Media will make a capital investment intended to allow Lionsgate to continue diversifying 3 Arts and other new businesses.

Deadline - The agreement calls for SP Media to produce independent feature films that Lionsgate [the article excerpt is truncated before specifying the arrangement].

Variety - SP Media will make a “significant” investment in new initiatives together with Lionsgate.

Variety - SP Media will also produce independent feature films.

WHY:

Deadline - The investment will allow Lionsgate to continue its diversification of 3 Arts and other new businesses.

Variety - Paul’s lobbying concerned a federal tax incentive for Hollywood.

HOW:

Deadline - The venture will be supported by a capital investment from SP Media.

Variety - The parties will pursue new initiatives through the joint venture, with SP Media making an investment and producing independent feature films.

(UPDATED October 26, 2026 22:11 UTC)

Lionsgate and Steven Paul’s SP Media are launching a joint venture, backed by an investment from SP Media to help Lionsgate continue diversifying 3 Arts and other new businesses. The partnership will pursue new initiatives, and SP Media will produce independent feature films. Paul, an entrepreneur and film producer, has also personally lobbied President Trump on a federal tax incentive for Hollywood.