Lionsgate Takes Key Step In Separation Of Studio And Starz
deadline.comLionsgate is moving forward with its plans to separate the studio business from Starz, submitting a draft registration of the proposed spinoff — of the studio — with SEC.
The filing was submitted confidentially, so there are no details. But Lionsgate said it expects the spin-off to be completed “on previously communicated timelines, subject to market and other conditions.” That means the quarter ending in September.
Details of the spin will likely become public within the next few months. The company had said previously it intended to file is plans with the SEC in March, so today’s news is in line.
Wall Street has been anticipating the transaction for over a year. It’s meant to unlock value for the stock, which had been lagging, along with the rest of media.
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