Lionsgate and Starz Proceed with Formal Separation – Entertainment News
Lionsgate is moving closer to its goal of separating its studio operations from Starz, its pay TV and streaming business. In a recent public filing with the U.S. Securities and Exchange Commission, the Hollywood studio revealed an amended Form S-4 registration statement. This statement outlines the planned split of its studios business, to be named Lionsgate Studios Corp., from its media networks business, primarily Starz.
This latest filing follows an earlier S-4 registration from October 2024, which shared a joint proxy statement and prospectus. The goal is to create two distinct publicly traded companies. The first, LGEC, is set to be renamed Starz Entertainment Corp., while the other will become Lionsgate Studios Corp.
Previously, Lionsgate separated its film and TV studios business into a Special Purpose Acquisition Company (SPAC) to lay the groundwork for this formal split from Starz. This move allowed Lionsgate Studios to debut as an independent entity listed on NASDAQ. Its primary assets include an extensive library of movies and television franchises.
The transaction with the SPAC involved Lionsgate holding onto 87.3 percent of the shares in Lionsgate Studios, with the remaining 12.7 percent owned by the blank check company, Screaming Eagle Acquisition Corp.
As Lionsgate continues to move forward with this separation process, the Hollywood studio is evaluating its options for the future.
