Lionsgate buys The Loud House

Full ownership to the The Loud House franchise will be held by Lionsgate Animation, a new animation studio that will be run by Richard Rich once Streetlight Animation closes by September 2024 (now that the CGI Swan Princess films stopped for good in 2020).

The reason is for five things: F-H-E had animated videos from 1980 to 2005, Lionsgate had theatrical animated films released since 2007, Norm of the North film got negative reviews from the critics, Lionsgate kept releasing foreign animated films on physical and Film Roman is no longer owned by Starz.

To fix the problem, Lionsgate will have to grow The Loud House by making him the mascot of WGNLionsgate. The back catalog will be acquired by Lionsgate as well.

Changes

 * Lionsgate will produce more media from the The Loud House franchise.
 * Lionsgate Animation will be formed once Streetlight Animation closes down in 2024.
 * Richard Rich, the director of The Swan Princess, will be the CEO of Lionsgate.
 * He will be the mascot of WGNLionsgate.
 * With the purchase, Paramount Global will pay $120 Million to acquire Lantern Entertainment.
 * The back catalog of The Loud House will also be purchased by Lionsgate.
 * Lionsgate will revive Family Home Entertainment as a traditional animation studio.
 * Lionsgate will make new animated films, but this time, under the Lionsgate Animation banner.