Alibaba streaming deal boosts Lions Gate

|About: Lions Gate Entertainment ... (LGF)|By:, SA News Editor

Shares of Lions Gate (LGF +3.7%) are off and running after the announcement of a streaming partnership with Alibaba creates some excitement over an even closer relationship between the companies.

The deal looks like sure winner for Lions Gate to many media analysts with very little investment involved.

Sources indicate there isn't any plan for a capital investment by Alibaba in the studio which could dampen some of the wilder speculation.