Lions Gate Entertainment Class B Non-Voting Shares Stock Price, News & Analysis

Lions Gate Entertainment Corporation, doing business as Lionsgate, is a Canadian-American entertainment company formed by Frank Giustra in 1997, domiciled in Vancouver, Canada, and headquartered in Santa Monica, United States. Engaged in the entertainment business, its segments include Motion Picture, Television Production, and Media Networks, with maximum revenue from Television Production. The company develops, produces, and distributes television series, movies, mini-series, and non-fiction programming worldwide.

Lions Gate Entertainment Corporation recently announced plans to separate into two independent, publicly traded companies, with the Studio Business becoming one entity and the Starz Business remaining in the existing company. This strategic move aims to allow each company to pursue its distinctive strategies independently while offering investors access to a content studio and a premium subscription platform. The separation process involves filing a Form 10 registration statement with the U.S. Securities and Exchange Commission, detailing information about the Studio Business, the Starz Business, and the separate companies.

The separation is subject to approval by Lions Gate's Board of Directors, shareholders, governmental authorities, including the Supreme Court of British Columbia, and other customary conditions. As Lions Gate Entertainment Corporation enters this transformative phase, its commitment to delivering bold and innovative entertainment to global audiences remains unwavering.