Activist investor Anson Funds Management has taken a stake in the Lionsgate Studios Corp. and is speaking with the studio behind The Hunger Games and John Wick about ways to unlock value.

The development comes at a time when Lionsgate — which went public this year via a special purpose acquisition company — is facing corporate governance issues and box-office underperformance, including the recent flop of Megalopolis.

Activist investor Anson Funds Management has made headlines by acquiring a stake in Lionsgate Studios, urging the embattled media giant to explore a potential sale. According to a report from Bloomberg News,

Lionsgate is facing new pressure from activist investor Anson Funds, which has taken a stake in the Hollywood studio and is asking the company to consider a range of options including a possible sale following its separation from Starz.

An activist investor has snapped up Lionsgate stock and is pushing leadership on a several paths, including a sale of the Jon Feltheimer-led studio after it has officially separated from Starz. Anson Funds Management - an alternative asset manager led by chief investment officer Moez Kassam with activism strategy run by Sagar Gupta - has nabbed a stake in the studio and is now one of the top shareholders of Lionsgate stock,