Anson Funds tells Lionsgate: reinvent around AI or sell

Anson Funds, one of Lionsgate's five largest independent shareholders since 2024, wrote to the board in July 2026 demanding the studio reinvent itself around AI or put itself up for sale. The firm argues the market has sorted Lionsgate as an "AI loser" — a casualty, not a beneficiary. Semafor first reported the approach; Deadline confirmed the letter's contents.