Acquisition Acquisition of Pilgrim Studios. On November 12, 2015, the Company purchased 62.5% of the membership interests in Pilgrim Media Group, LLC ("Pilgrim Studios"), a worldwide independent reality television producer and distributor. The aggregate purchase price was approximately $201.7 million , net of $7.7 million allocated to certain transactional costs attributable to the noncontrolling shareholder. These costs are included in the general and administrative expense of Pilgrim Studios; however, pursuant to the profit sharing provisions in the operating agreement, the amount is included in net loss attributable to noncontrolling interest in our consolidated statement of income and thus does not impact earnings per share attributable to Lions Gate Entertainment Corp. shareholders. The purchase price consisted of $144.7 million in cash and 1,517,451 of the Company's common shares, valued at $57.0 million . These shares were valued based on the closing price of the Companys common shares on the date of closing of the acquisition, discounted to the fair value of the shares considering certain transfer restrictions. The Company incurred approximately $3.4 million of acquisition-related costs that were expensed in general and administrative expenses during the year ended March 31, 2016. The acquisition was accounted for as a purchase, with the results of operations of Pilgrim Studios included in the Company's consolidated results from November 12, 2015. Revenues and net loss for the period from November 12, 2015 through March 31, 2016 of Pilgrim Studios were $52.5 million and $7.2 million , respectively. The Company made a preliminary allocation of the estimated purchase price of Pilgrim Studios to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair value. Since the initial allocation of the estimated purchase price, the Company has adjusted the preliminary purchase price allocation for new information obtained about facts and circumstances that existed as of the a