Lionsgate today confirmed today that it remains on track to separate Starz and its studio business despite volatile markets noting that it’s now focusing on spinning out the studio, instead of the other way around.“As negotiations progress we have increased our focus on the possibility of spinning our studio business, creating a number of financial and strategic benefits.
In that regard, we are continuning productive negotiations with prospective strategic and financial partners on both sides of our business,” the company said in an SEC filing Wednesday.It said it remains on a path to complete a transaction despite “volatile market conditions.”MORE
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