Core Viewpoint - Lionsgate has successfully separated its Studio and STARZ businesses into two independent, publicly-traded companies, with trading commencing under the ticker symbol LION on the NYSE [1][2]. Group 1: Separation Details - The separation was overwhelmingly approved by shareholders, with over 99% of both classes voting in favor [1]. - The previous dual share structure has been collapsed into a single class of stock [1]. Group 2: Strategic Objectives - The separation aims to unlock incremental value by allowing each company to pursue its own strategic, financial, and operational priorities [2]. - Lionsgate is positioned as one of the world's leading independent content companies, producing 30 to 40 films annually, including a dozen wide theatrical releases, and managing over 100 television shows [2]. Group 3: Company Overview - Lionsgate boasts a portfolio of over 20,000 titles in its film and television library, alongside a talent management and production company, 3 Arts Entertainment [2][4]. - The company emphasizes its commitment to bold, original content and an entrepreneurial culture, aiming to create significant value for partners, audiences, and shareholders [3].
Lions Gate Entertainment Corp. Separates its Studio and STARZ Businesses into Two Independent, Publicly-Traded Companies