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Lionsgate Nears Separation Of Studio And Starz
Lionsgate filed an amended registration with the SEC taking into account changes requested by the Commission and moving closer to a split of Studios and Starz.
The joint proxy is expected to be declared effective by the SEC soon, at which point the company led by CEO John Feltheimer will set a special meeting of shareholders 30 days later. Lionsgate Studios was already spun out into a separate public company last year, stock symbol LION, but the businesses are still linked. After a long dry spell, the film studio has been having a nice run with Best Christmas Pageant Ever, Den of Thieves 2 and Flight Risk.
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