The studio filed a Form 10 registration regarding its planned separation into two publicly-traded companies.
“We remain excited by the prospect of separating Lionsgate and Starz into standalone companies with strong financial foundations that will allow each company to pursue its own distinct strategy while offering investors the opportunity to own both a pure-play publicly-traded content studio and a premium subscription platform,” Lionsgate CEO Jon Feltheimer said in a statement.
The proposed separation transaction remains subject to a final approval by the studio’s board of directors, shareholders, government regulators and “the condition of the financial markets,” Lionsgate added. The Hollywood studio has been exploring its options for Starz, including a possible separation of the pay TV and streaming business and its studio operations. The goal appears to be creating two standalone companies so investors can value the Starz and studio assets separately.
And while some potential suitors appear to see Starz as a streaming platform, others are looking at Lionsgate and its programming library as a possible indie studio acquisition as digital titans like Apple and Amazon muscle into Hollywood. Despite volatile financial markets, the entertainment industry has seen a recent spate of mergers and acquisitions as major players dive into the streaming space and indie studios get bought up for scale and content.
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