Lionsgate Reveals More Details About Planned Split Into Two Public Companies, One For Film And TV Production, Another Centering On Starz
deadline.comLionsgate has furnished more details to investors ahead of its planned split into two publicly traded entities — one centered on film and TV production and the other on media networks, principally Starz.
The company filed a public Form 10 with the SEC containing a proxy statement outlining the assets and highlights of the separation process. (The full document, in all its 500-plus-page glory, is HERE.) Once the regulatory agency has signed off on the details in the form, a special shareholder meeting will be scheduled for the final vote to be taken.
The split has been under consideration for several months and its exact timing depends on a few factors, though management hopes to have it completed in the coming months.
The notion of restructuring the company via one or more maneuvers, including spinoffs and partnerships with investors, has been explored by execs since November 2021.
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