The company has a market cap of about $1.79 billion.

It noted that Lionsgate has publicly proposed a spin-off of its studio business as a separate public company.

He launched Liberty Strategic Capital that year.

Lionsgate

Lionsgate’s LA officesSmith Collection/Gado/Getty Images

The firms site says it focused on technology, financial services/Fintech, and new content.

Mnuchin, a former Goldman Sachs banker, had a spell as an investor in media and entertainment.

Movies hes backed includeBlack Swan,The Devil Wears PradaandAvatar.

WGA West building in Hollywood

Lionsgate shares are up nearly 5% in after-hours trading.