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Saturday, April 08, 2017
Lionsgate chairman Mark Rachesky Lionsgate Chairman Mark Rachesky Selling 10 Million Shares

Lionsgate’s largest investor, Mark Rachesky, April 7 announced plans to sell 10 million shares of common stock — reducing his stake in the mini-major from 35% to 28%, according to a regulatory filing. Lionsgate shares closed down slightly at $33.68 per share.

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Universal, STX Ink Distribution Deal

Universal Pictures Home Entertainment April 7 announced it has entered into a multiyear partnership with STX Entertainment. Under the agreement, Universal will handle all marketing, sales and distribution services for STX’s theatrical releases on Blu-ray Disc, DVD, electronic sellthrough and transactional VOD across North America.

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Roku Gets 'CBS All Access' Streaming Service

CBS Corp. April 7 announced that its subscription video-on-demand service — CBS All Access — is now available on Roku streaming media devices.

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Netflix Recommending TVs

Netflix April 7 began using its brand to back Internet-connected televisions by LG, Sony and Roku — the latter manufactured in China by Hisense, Insignia and TCL.

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Preorders Take Throne at Target

Merchandising: In a slow week for new releases, Target emphasized home video preorders of several titles currently in theaters.

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