Post by Admin on Nov 4, 2021 21:14:21 GMT
www.hollywoodreporter.com/business/business-news/lionsgate-sell-starz-spin-off-1235042667/
Lionsgate Exploring Options For Starz, Including Spinoff
Lionsgate is officially exploring its options for Starz, considering a separation of the pay-TV and streaming business and its studio operations.
According to a regulatory filing Thursday tied to its quarterly earnings, the Lionsgate board made the decision this week.
“On November 2, 2021, the Company’s Board of Directors authorized the Company’s management team to explore potential capital markets alternatives for its Media Networks business (STARZ) including, but not limited to, a full or partial spin-off, split-off, issuance of a tracking stock or other transactions,” the filing said.
Starz is a pay-TV channel similar to HBO and Showtime, and also offers a streaming service. Its programming includes the Power franchise, Blindspotting, and Hightown.
More to come.
Lionsgate Exploring Options For Starz, Including Spinoff
Lionsgate is officially exploring its options for Starz, considering a separation of the pay-TV and streaming business and its studio operations.
According to a regulatory filing Thursday tied to its quarterly earnings, the Lionsgate board made the decision this week.
“On November 2, 2021, the Company’s Board of Directors authorized the Company’s management team to explore potential capital markets alternatives for its Media Networks business (STARZ) including, but not limited to, a full or partial spin-off, split-off, issuance of a tracking stock or other transactions,” the filing said.
Starz is a pay-TV channel similar to HBO and Showtime, and also offers a streaming service. Its programming includes the Power franchise, Blindspotting, and Hightown.
More to come.