Shares in Lionsgate had a roller coaster ride on Tuesday after a report that an activist investor had urged a pivot of the Hollywood studio towards artificial intelligence to avoid becoming an “Al casualty.” Semafor was the first to report on the letter from Sagar Gupta, who leads the activism strategy at Anson Funds, that urged Lionsgate to transform itself for the AI era, or consider a for sale on its front door. “Lionsgate’s stock has reacted sharply — and negatively — to the release of new AI video models, including Sora and Seedance, which we believe reflects a default market assumption that a studio is more likely to be an AI…
