Lionsgate Shareholders Vote to Approve Starz Spin Off From Studios

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Investors associated with Lionsgate have endorsed the plan for a complete split, allowing both Lionsgate and Starz to operate independently as individual publicly-owned corporations.

At our recent shareholders gathering midweek, we overwhelmingly approved the proposed separation of our studio operations and Starz, as confirmed by The Hollywood Reporter. Other resolutions, such as electing a fresh batch of board members and one on executive compensation, also received solid backing through a majority vote.

The results from the shareholders meeting regarding Lionsgate’s decision on separating their studios (to be known as Lionsgate Studios Corp.) and media networks business (primarily rebranded as Starz Entertainment Corp., formerly known as Starz) are anticipated to be disclosed in an SEC filing by Lionsgate, which is due later today. Investors cast their votes on this proposed split during the meeting.

Following the official split, Lionsgate will retain approximately 87% ownership of Lionsgate Studios Corp. Previously, Lionsgate separated its film and television studio operations by merging them with a Special Purpose Acquisition Company (SPAC), forming a new publicly traded company. This move was intended to eventually allow for a clean separation from Starz in the future.

This move enabled Lionsgate Productions to establish itself independently on NASDAQ, with its primary resources being an extensive collection of films and TV series. Following the completion of the proposed legal split, original shareholders of Lionsgate will possess stocks in the two publicly traded entities.

It seems that the aim is to split the company into two independent entities, allowing investors to assess the worth of Starz and the studio assets individually, given the shrinking media and entertainment industry and the unpredictability in financial markets.

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2025-04-23 21:55