<SEC-DOCUMENT>0001104659-20-048208.txt : 20200609
<SEC-HEADER>0001104659-20-048208.hdr.sgml : 20200609
<ACCEPTANCE-DATETIME>20200417162006
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001104659-20-048208
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20200417

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LIONS GATE ENTERTAINMENT CORP /CN/
		CENTRAL INDEX KEY:			0000929351
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION [7812]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		2700 COLORADO AVENUE
		STREET 2:		SUITE 200
		CITY:			SANTA MONICA
		STATE:			CA
		ZIP:			90404
		BUSINESS PHONE:		877-848-3866

	MAIL ADDRESS:	
		STREET 1:		250 HOWE STREET
		STREET 2:		20TH FLOOR
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C #R8

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BERINGER GOLD CORP
		DATE OF NAME CHANGE:	19970618

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GUYANA GOLD CORP
		DATE OF NAME CHANGE:	19960212
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
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<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><IMG SRC="image_001.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">April 17, 2020</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 8pt 0pt 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 8pt 0pt 0"><B><I>Via EDGAR</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 8pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 8pt 0pt 0">United States Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 8pt 0pt 0">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 8pt 0pt 0">100 F Street, N.E.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 8pt 0pt 0">Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">Attention:</TD><TD>Chrstina Chalk, Senior Special Counsel</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0in">Valian Afshar, Special Counsel</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">Office of Mergers and Acquisition</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><B>Re:</B></TD><TD><B>Lions Gate Entertainment Corp.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><B>Schedule TO-I filed on April 9, 2020</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"><B>File No. 005-55587</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We respectfully submit below the responses
of Lions Gate Entertainment Corp., a British Columbia, Canada corporation (&ldquo;Lions Gate,&rdquo; &ldquo;Lionsgate,&rdquo; &ldquo;the
Company,&rdquo; &ldquo;we,&rdquo; &ldquo;us,&rdquo; or &ldquo;our&rdquo;), to the comments of the staff of the United States Securities
and Exchange Commission (the &ldquo;Staff&rdquo;) regarding our Schedule TO-I filed on April 9, 2020 (the &ldquo;Schedule TO&rdquo;)
contained in your letter dated April 14, 2020. For your convenience, we have included your original comments, each immediately
followed by our response. Concurrently with the submission of this response, we are filing Amendment No. 1 to the Schedule TO.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I><U>Schedule TO-I </U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
note that the offer materials appear to have been distributed only via email, and that tenders or withdrawals of tenders may only
be submitted via email. In your response letter, please explain why you believe this method of dissemination, as well as tendering
and withdrawing tenders, is appropriate under the circumstances of the Offer, taking into consideration the characteristics of
the Eligible Employees and your normal means of communicating with such employees. As an example, discuss whether all Eligible
Employees have access to corporate email and whether this is your typical way of communicating with them.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Response: </B>In response
to the Staff&rsquo;s comment, the Company respectfully advises the Staff that the dissemination of offer materials via email is
appropriate because, as the Staff suggests, email is the Company&rsquo;s primary means of communication with all of the Company&rsquo;s
employees, including with respect to compensation and benefits matters as well as its policies and procedures. All employees of
the Company are assigned a Company-provided email account upon the commencement of their employment with the Company, have regular
access to such email account and regularly receive important communications from the Company by means of such email account. In
addition, each of the Company&rsquo;s employees is proficient in the use of email, has access to a Company-provided computer and
regularly uses email for communication with the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 123pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Importantly, all Company employees
are currently working remotely due to &ldquo;stay-at-home&rdquo; orders in Los Angeles County given the impact of the novel coronavirus
pandemic and measures to prevent its spread. Email is the employees&rsquo; primary means of communicating with the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">For similar reasons, the Company
believes the use of email as the exclusive means of tendering and withdrawing tenders is appropriate. Electronic communication
is, and continues to be, the primary means through which employees communicate with the Company and submit important documentation
to the Company. For example, the Company&rsquo;s employees communicate with the Company via email and access to specific web portals
about stock option exercises, payroll matters, participation in the Company&rsquo;s employee stock purchase plan and the Company&rsquo;s
other employee benefit programs. Each of the Company&rsquo;s employees has access to the technology, and regularly uses such technology,
necessary to properly complete and sign their election forms and deliver such election forms to the Company via email. Moreover,
email establishes an electronic time-stamped record that is easy to track, enables the swift resolution of any deficiencies in
delivery of tenders and withdrawals, and will allow the Company to quickly confirm receipt of tenders or withdrawals, thereby giving
employees confidence that their materials have been delivered and received, and are being properly documented.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I><U>Exhibit (a)(1)A) &ndash; Offer Circular</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I><U>How may I accept the Offer?, pages
12-14 </U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">2. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
note your statement on page 13 that &ldquo;[y]our election to accept or reject the Offer will become irrevocable upon the expiration
time of the Offer.&rdquo; We further note, however, that on page 15 of the Offer Circular, you state that &ldquo;if we have not
accepted the Eligible Options you tender within forty (40) business days of the commencement of the Offer, you may withdraw your
acceptance at any time thereafter and your tendered Eligible Options will continue in accordance with their terms.&rdquo; Please
revise the quoted disclosure on page 13 to conform to the quoted disclosure on page 15.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Response: </B>In response
to the Staff&rsquo;s comment, the Company has revised the statement on page 13 to conform to the quoted disclosure on page 15,
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;Your election to accept
or reject the Offer will become irrevocable upon the expiration time of the Offer (provided, however, that if we have not accepted
the Eligible Options you tender within forty (40) business days of the commencement of the Offer, you may withdraw your acceptance
at any time thereafter and your tendered Eligible Options will continue in accordance with their terms).&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I><U>What if I change my mind?, pages
14-15 </U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">3. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
note your statement on page 15 that &ldquo;[y]ou may not change or withdraw any election after the expiration time of the Offer.&rdquo;
We further note, however, that on page 15 of the Offer Circular, you state that &ldquo;if we have not accepted the Eligible Options
you tender within forty (40) business days of the commencement of the Offer, you may withdraw your acceptance at any time thereafter
and your tendered Eligible Options will continue in accordance with their terms.&rdquo; Please qualify the former quoted disclosure
to account for the latter quoted disclosure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Response: </B>In response
to the Staff&rsquo;s comment, the Company has qualified the former quoted disclosure on page 15 to account for the latter quoted
disclosure on page 15, as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;You may not change or
withdraw any election after the expiration time of the Offer (provided, however, that if we have not accepted the Eligible Options
you tender within forty (40) business days of the commencement of the Offer, you may withdraw your acceptance at any time thereafter
and your tendered Eligible Options will continue in accordance with their terms).&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I><U>Can the Offer be modified?, pages 15-17 </U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
lead-in paragraph to this section on page 15 states that you may terminate the Offer if &ldquo;any of the following events has
occurred, or has been determined by us to have occurred and, in our reasonable judgment in any such case, the occurrence of such
event or events makes it inadvisable for us to proceed with the Offer or with such acceptance and cancellation of Eligible Options
tendered to us for exchange.&rdquo; All offer conditions must be objective and outside the control of the bidder to avoid an impermissible
illusory offer. The reference in the quoted language to &ldquo;inadvisable&rdquo; appears to provide you with discretion to make
a secondary decision whether to proceed with or terminate the Offer after the occurrence or non-occurrence of one of the listed
conditions. In our view, once a condition is &ldquo;triggered,&rdquo; the Company must determine and advise Eligible Employees
how it intends to proceed by terminating the offer or waiving the applicable condition. If there is a secondary determination (whether
it is advisable to proceed), this must be described in reasonable detail, including what factors the decision would be based upon.
Please revise your disclosure accordingly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Response: </B>In response
to the Staff&rsquo;s comment, the Company has revised the lead-in paragraph to this section on page 15 as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;Notwithstanding any other
provision of the Offer, we are not required to accept any Eligible Options tendered to us for exchange, and we may terminate or
amend the Offer, or postpone our acceptance and cancellation of any Eligible Options tendered to us, in each case, subject to Rule
13e-4(f)(5) under the Exchange Act, if at any time on or after the commencement date of the Offer and prior to the expiration time
of the Offer, other than through acts or omissions to act by us, any of the following events has occurred:&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><BR>
</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You
have included a condition that will be triggered by &ldquo;any general suspension of trading in, or limitation on prices for, securities
on any national securities exchange or in the over-the-counter market.&rdquo; Please revise to explain what would be considered
a limitation on prices for securities on any national securities exchange or in the over-the-counter market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Response: </B>In response
to the Staff&rsquo;s comment, the Company has revised the condition as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&ldquo;&hellip; any general suspension of trading
in securities on any national securities exchange or in the over-the-counter market&hellip;&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You
have included a condition that will be triggered by the &ldquo;the commencement of a war, terrorist act, armed hostilities or other
international or national crisis directly or indirectly involving the United States&rdquo; without any materiality qualifier on
the gravity of such an event and without limiting the event to one directly involving the United States. Therefore, if any event
anywhere in the world &ldquo;triggers&rdquo; this condition while the Offer is pending, you must promptly amend the offer materials
to advise stockholders whether you will waive the condition, or assert it and terminate the Offer. Depending on the timing of this
event and your revised disclosure, you may also be required to extend the Offer. Please confirm your understanding in your response
letter. Alternatively, please amend the condition to more narrowly tailor it.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Response: </B>In response
to the Staff&rsquo;s comment, the Company has revised the condition as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="color: windowtext">&ldquo;&hellip;
</FONT>the commencement of a war, terrorist act, armed hostilities or other international or national crisis directly involving
the United States <FONT STYLE="color: windowtext">that would also materially adversely affect market conditions in the United States;&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You
have included a condition that will be triggered by &ldquo;any significant decrease in the market price of our common shares .
.. . .&rdquo; Please revise the condition to quantify what would be considered a &ldquo;significant decrease&rdquo; in the market
price of your comment shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Response: </B>In response
to the Staff&rsquo;s comment, the Company has revised the condition as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;&hellip; a 20% decrease
in the closing price of the applicable class of our common shares (measured against the closing price of the applicable class of
our common shares on April 9, 2020) that occurs after April 9, 2020 and prior to the expiration time of the Offer&hellip;&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">8. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You
have included a condition that will be triggered by &ldquo;any decline in either the Dow Jones Industrial Average, the NYSE or
the Standard and Poor&rsquo;s 500 Index by an amount in excess of 10% measured during any time period after the close of business
on April 9, 2020.&rdquo; Please revise the condition to clarify whether the 10% decline will be measured against the price of the
enumerated indices at the close of business on April 9, 2020. Please also clarify whether the decline will be measured at expiration
or whether the condition could be &ldquo;triggered&rdquo; at some earlier point while the Exchange Offer is pending, even if your
share price rebounds by the Expiration Time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Response: </B>In response
to the Staff&rsquo;s comment, the Company has revised the condition as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;&hellip;any decline in
either the Dow Jones Industrial Average, the NYSE or the Standard and Poor&rsquo;s 500 Index by an amount in excess of 10% (based
on the price of such index at the close of business on any date after April 9, 2020 and prior to the expiration time of the Offer
as measured against the price of such index at the close of business on April 9, 2020).&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="color: windowtext">9. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>You
have included a condition that will be triggered by &ldquo;any change or changes shall have occurred in our business, condition
(financial or other), assets, income, operations, prospects or stock ownership or that of our subsidiaries that, in our reasonable
judgment, is or may be material to us or our subsidiaries.&rdquo; Notwithstanding the lead-in language quoted in comment 4 above,
please revise the condition to clarify whether such &ldquo;change or changes&rdquo; must be adverse to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Response: </B>In response
to the Staff&rsquo;s comment, the Company has revised the condition as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;&hellip;<FONT STYLE="color: windowtext">any
change or changes shall have occurred in our business, condition (financial or other), assets, income, operations, prospects or
stock ownership or that of our subsidiaries that, in our reasonable judgment, is or may be materially adverse to us or our subsidiaries.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I><U>Exhibit (a)(1)(B) &ndash; Election Form </U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">10. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We note that the
last bullet on page 4 of the Election Form requires the Eligible Employees to release the Company from any and all Claims &ldquo;that
relate to or are in any way connected with the Cancelled Options.&rdquo; Please revise this release to comply with Section 29(a)
of the Securities Exchange Act of 1934.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Response: </B>In response
to the Staff&rsquo;s comment, the Company has revised the last bullet on page 4 of the Election Form as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;Upon acceptance of the
Cancelled Options by Lionsgate, I, on my own behalf and on behalf of my heirs, dependents, executors, administrators and assigns,
hereby release Lionsgate and its successors, assigns, affiliates, representatives, directors, officers and employees, past and
present (collectively referred to in this form as &ldquo;Released Persons&rdquo;), with respect to and from any and all claims,
damages, agreements, obligations, actions, suits, proceedings and liabilities of whatever kind and nature, whether now known or
unknown, suspected or unsuspected (collectively referred to in this form as &ldquo;Claims&rdquo;), that I now own or hold or at
any time previously owned or held against any of the Released Persons and that relate to or are in any way connected with the Cancelled
Options (other than Claims arising under the federal securities laws). I acknowledge that I may later discover claims or facts
that are in addition to or are different from those which I now know or believe to exist with respect to the Cancelled Options.
Nevertheless, I hereby waive any Claim relating to or connected with the Cancelled Options that might arise as a result of such
different or additional claims or facts (other than Claims arising under the federal securities laws). I fully understand the significance
and consequence of this release.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">*****</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We hope that this letter has been helpful and responsive to
your requests. If you have any questions or comments to these responses, please contact me directly at akuzycz@lionsgate.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 3.5in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; width: 55%; text-indent: 0">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0; width: 20%; text-indent: 0">Sincerely,</TD>
    <TD STYLE="padding: 0; width: 25%; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding: 0; text-indent: 0">/s/ Adrian Kuzycz </TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0; text-indent: 0">Adrian Kuzycz</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0; text-indent: 0">Executive Vice President</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding: 0; text-indent: 0">and Associate General Counsel</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 3.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 3.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 3.5in"></P>



<P STYLE="margin: 0"></P>

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