Lionsgate May Spin Off Studio Instead Of Starz As It Confirms Separation On Track Despite Volatile Markets

[Y2kTheNewOldies]

https://deadline.com/2022/09/lionsgate-studio-starz-1235129252/#recipient_hashed=2ec9ce834f7dfcbd8366c088aae71c4495ea058de393aaa911e79a0a64eaa988&recipient_salt=1647efd76c5fdce2b562fb95bdf916387b7d2ea6936a1d5940c4336463521675

Lionsgate on Wednesday confirmed 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 cable network and streaming property.

“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 continuing productive negotiations with prospective strategic and financial partners on both sides of our business,” the company said in an SEC filing.

It said it remains on a path to complete a transaction despite “volatile market conditions.”

 

[Y2kTheNewOldies]

https://www.nexttv.com/news/lionsgate-releases-financial-data-as-step-toward-spinning-off-studio

Lionsgate said it released financial forecasts for its media and studio businesses as it prepares to separate the company by spinning off the studio.

“We are committed to separating our media networks and studio business,” CEO Jon Feltheimer said on the company’s second-quarter earnings call Thursday.

Feltheimer said the forecasts were prepared as part of the strategic and financial discussions the company was having concerning the spinoff and other potential transactions.