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Lionsgate Shareholders Approve Split-Up of Studios, Starz Businesses
Lionsgate shareholders voted overwhelmingly in favor of the separation of the company's studio business and the Starz subscription business.
Lionsgate’s plan to split its studio business from Starz has been in the works for years, and at one time it expected the transaction to be close in early 2023. Under the plan, Starz will be led by current CEO Jeff Hirsch and will trade under the stock symbol STRZ. In January, Lionsgate extended its multiyear theatrical output deal with Starz, which keeps exclusive first pay TV and SVOD window rights to the studio’s films.
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