Lionsgate Files Amended Form S-4 with SEC

Lionsgate made a big announcement on Wednesday about separating their studios business into a new company called Lionsgate Studios Corp. This will be a separate entity from their media networks business, which includes Starz. The plan is to have two different public companies, with one focused on entertainment and the other on media networks.

The details are laid out in an amended Form S-4 registration statement filed with the U.S. Securities and Exchange Commission. Once everything is finalized, shareholders of Lionsgate will own shares in both companies. The goal is for this separation to be as smooth as possible for shareholders, with a focus on making it “generally tax-free for U.S. federal income tax purposes.”

The Lionsgate board of directors is recommending that shareholders vote in favor of the proposals at the upcoming meetings. The same goes for the LG Studios board of directors. It’s all part of a bigger plan to reorganize and move forward as separate entities.

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