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'Hunger Games' studio Lionsgate to buy Starz channel for $4.4 bn

(L-R) Executive Producer Ronald D. Moore, actors Caitrona Balfe and Sam Heughan, and author Diana Gabaldon on stage during the Starz section at the 2016 TV Critics Association Winter Tour in Pasadena, California on January 8, 2016

Lionsgate, the Hollywood studio known for its "Hunger Games" film franchise, said Thursday it reached a deal to buy the Starz pay television group for $4.4 billion.

"The combination of Lionsgate and Starz brings significant scale to our portfolio of content and distribution assets and will enable us to compete successfully in today's rapidly evolving global entertainment marketplace," said Lionsgate chairman Mark Rachesky.