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Lionsgate and Starz Are Officially Now Two Separate Companies
Lions Gate Entertainment completed the full separation of the Lionsgate Studios and Starz businesses into two standalone, publicly traded companies.
“We began our journey 25 years ago as a new and different kind of studio, committed to bold, original content, agnostic to distribution platform, disciplined in our execution and powered by a deep library and an agile and entrepreneurial culture,” said Lionsgate CEO Jon Feltheimer, in a statement. “Today we’re launching an exciting new chapter as a leading pure play content company, adapting our proven strengths, embracing our emerging opportunities, and bringing our unique and not-easily-replicable portfolio of assets to bear on our mission of creating significant incremental value for our partners, audiences and shareholders.” Hirsch said the separation “comes at a pivotal time for the industry.” He continued, “Our strong balance sheet, compelling programming lineup and industry-leading tech stack will enable us to be nimble and capitalize on growth opportunities, while driving long-term success for our partners, audiences, employees and shareholders.
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