(Adds details of show's timeline, in the fifth and sixth paragraphs.)

 
   DOW JONES NEWSWIRES 
 

Lions Gate Entertainment Corp. (LGF) on Monday confirmed it plans to launch a new TV series starring Charlie Sheen, four months after the former "Two and a Half Men" star's widely publicized firing from the CBS Corp. (CBS) show.

Lionsgate Television-owned Debmar-Mecury will distribute the series, called "Anger Management," about a mild-mannered man forced to attend sessions led by a volatile therapist. The series will be based loosely on the 2003 movie by the same name that starred Jack Nicholson and Adam Sandler.

Sheen achieved notoriety this spring after being fired from "Two And A Half" men following a series of public outbursts. The Warner Bros.-produced series on CBS, which now stars Ashton Kutcher, was TV's most popular situation comedy at the time.

Speculation had been circulating that another studio would pick up Sheen, who starred in a long list of Hollywood movies and maintains an extensive following on Twitter.

Lionsgate hasn't yet found a network for the show, though Debmar-Mercury now produces three sitcoms on Time Warner Inc.'s (TWX) TBS channel.

Debmar-Mercury Co-President Ira Bernstein said the production company expects to name an executive producer within the next several weeks, after which it will find an outlet to carry the show.

The company said Sheen will hold a "significant" ownership stake in the series. Sheen cited his desire for "a certain amount of creative control" over the show and said he is looking forward to working with producer Joe Roth, who collaborated with the actor on such films as "Major League," "Young Guns" and "Three Musketeers."

-By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

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