Lions Gate Entertainment Corp. Separates its Studio and STARZ Businesses into Two Independent, Publicly-Traded Companies
Separation Creates One of the World's Leading Independent Pure Play Content Companies
Lionsgate To Begin Trading Under the Ticker Symbol LION on the NYSE
Dual Share Structure Has Been Collapsed into Single Class of Stock
The separation is designed to unlock incremental value by creating two pure play, standalone companies able to pursue their own strategic, financial and operational priorities and attract investors drawn to the strengths of their respective businesses. Lionsgate becomes one of the world's leading independent publicly-traded content companies, releasing 30 to 40 films a year, including a dozen wide theatrical releases, creating more than 100 shows spanning its scripted and unscripted television businesses, shepherding a portfolio of valuable brands and franchises, managing a 20,000-plus title film and television library, and operating a world-class talent management and production company at 3
"We began our journey 25 years ago as a new and different kind of studio, committed to bold, original content, agnostic to distribution platform, disciplined in our execution and powered by a deep library and an agile and entrepreneurial culture," said Lionsgate CEO
About Lionsgate
Lionsgate (NYSE: LION) is one of the world's leading standalone, pure play, publicly traded content companies. It brings together diversified motion picture and television production and distribution businesses, a world-class portfolio of valuable brands and franchises, a talent management and production powerhouse and a more than 20,000-title film and television library, all driven by the studio's bold and entrepreneurial culture.
For media inquiries, please contact:
Peter D. Wilkes
310-255-3726
pwilkes@lionsgate.com
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SOURCE Lionsgate