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Date Set For Long-Awaited Shareholder Vote On Lionsgate Studios Split From Starz
Shareholders will get a chance to vote April 23 on the long-in-the-works separation of Lionsgate Studios and Starz.
After evaluating a range of strategic options, Lionsgate settled on the separation of the Starz business from its film and TV studio in 2023. CFO Jimmy Barge last week addressed the delays during an appearance at a Wall Street conference, telling investors the split was still on track to close by the end of April. That spinoff, which is aiming to result in a new publicly traded entity by the end of 2025, will relieve the main company’s balance sheet of declining linear assets and offer potential strategic opportunities.
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