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Lionsgate Says Studio To Start Split From Starz In April
Lionsgate Vice Chair Michael Burns said the company is set to split by year end with a first step in early April as the studio merges with a SPAC.
Starz' Outlander: Blood Of My Blood Lionsgate Vice Chair Michael Burns said the company is set to split in two by year end with a first step in early April as the studio merges with a SPAC and starts to trade separately from Starz on the Nasdaq under the stock symbol LION. The operation has been pending for a few years and is designed to unlock value as the hasn’t reflected the full value of all the company’s assets for some time. And Lionsgate, with the library and TV and film business, will be a very interesting strategic alliance partner — that is euphemistically put — with other players.”
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