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Lionsgate Clears Last Hurdle For Split Of Studios And Starz
The Supreme Court of British Columbia approved the split of the company’s studio business from Starz, the final step required to separate the businesses.
Lionsgate Studio and Starz will separate formally tomorrow and begin trading as standalone public companies on Wednesday for the first time — LION on the NYSE and STRZ on the Nasdaq. The stated goal of saving a “dying” film industrywould, in fact, squeeze studios big and small along with independent producers in a global business where a wide range of productions rely on foreign tax incentives to hit their numbers. The idea of splitting up studios, led by Jon Feltheimer, from OTT service and linear network Starz, run by Jeff Hirsch, is to ultimately create more market value for both.
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