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Lionsgate Completes Split Of Studios And Starz
Lionsgate has completed the full separation of its studio and Starz businesses into two standalone, publicly-traded companies.
The separation is designed to unlock incremental value by creating two pure play companies “able to pursue their own strategic, financial and operational priorities and attract investors drawn to the strengths of their respective businesses,” Lionsgate said today of the split that has been in the works for over three years. “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. “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.
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