Lionsgate Studios & Starz Announce New Company Names for Separation Move
Lionsgate Studios and Starz have taken a significant step forward in their journey towards separation. Lionsgate filed a Form S-4 Registration Statement with the SEC, a necessary step for such corporate changes. This move is part of the plan for Starz to split from Lionsgate Studios and become a separate entity owned by Lionsgate.
Under the new arrangement, shareholders of Lionsgate will soon hold shares in two distinct companies: the rebranded Starz Entertainment Corp. (LGEC) and the revamped Lionsgate Studios, to be known as Lionsgate Studios Corp. This shift will involve shareholders from both Lionsgate Entertainment Corp. and Lionsgate Studios.
Pending SEC approval, the company can schedule a shareholder meeting to finalize the separation, which has already been greenlit by the board. The process is expected to move swiftly, aligning with Lionsgate’s goal to complete the transition by the end of 2024.
The groundwork for this split has been laid over the past year, with Lionsgate Studios encompassing the Motion Picture Group and Television Studio segment. In May, Lionsgate Studios began trading as a single stock class on NASDAQ under the ticker symbol LION.
Lionsgate’s CEO Jon Feltheimer and Vice Chair Michael Burns highlighted the strategic and financial preparations being made for the full separation, emphasizing that it aims to deliver added value to stakeholders. This development marks a significant milestone in Lionsgate’s trajectory towards a clear division between its Studio and STARZ businesses.
