Get the latest gossip
Lionsgate Closing In On Studio-Starz Split
Lionsgate moved a step closer to a planned split of the studio from Starz with a formal SEC filing today marking its plans.
The long-in-the making transaction to create two separate publicly traded companies is set out in an official S4 document that needs to be declared effective by the Securities and Exchange Commission if it has no further questions or clarifications. On a much, much larger scale, Comcast just announced plans to split off most NBCUniversal cable networks into a new standalone public company. Lionsgate today reiterated its move is “to enable the two companies to more effectively pursue their own distinct operating priorities and strategies and focus on strengthening their core businesses, to allocate financial resources to meet the unique needs of their own businesses and more effectively articulate a clear investment thesis as pure-play content studio and platform companies.”
Or read this on Deadline