‘The Office’ Producer Is Seeking to Raise Up to $250 Million (1)

3 Arts Entertainment, the film production and talent-management company majority owned by Lionsgate Studios Corp., is seeking to raise as much as $250 million to finance expansion, according to people familiar with the matter.

The company wants to expand into areas such as sports and news, as well as finance more production, said the people, who asked not to be identified discussing private plans. Lionsgate will retain its majority ownership of 3 Arts in any deal, the people said.

3 Arts has produced hits including the series NBC series The Office.

Photographer: Chris Haston/NBCUniversal

3 Arts is one of the largest management companies in Hollywood and has produced hits including the series ...