Welcome to our dedicated page for Lionsgate studios news (Ticker: LION), a resource for investors and traders seeking the latest updates and insights on Lionsgate studios stock.
Lionsgate Studios Corp. operates as a standalone content company built around motion picture and television production, distribution, branded franchises, 3 Arts Entertainment and a film and television library. News about Lionsgate commonly covers quarterly and annual results, film and television pipeline activity, library monetization, and the extension of entertainment intellectual property across consumer products, experiences, games, merchandise and strategic partnerships.
Recurring company updates also include franchise collaborations tied to properties such as John Wick and The Twilight Saga, advertising and distribution partnerships for FAST channels, marketing technology used to manage studio creative assets, and governance developments involving the board and executive compensation.
Lionsgate announced that Lionsgate Studios will launch on May 14, trading on NASDAQ under the symbol LION. This move makes Lionsgate Studios one of the world's largest standalone, publicly-traded content companies, raising $350 million from top investors. The transaction was facilitated by merging with Screaming Eagle Acquisition Corp, valuing Lionsgate Studios at $4.6 billion.
Lionsgate Studios will include the Motion Picture Group, Television Studio segments, and a library of over 20,000 titles, but excludes the STARZ platform. As a result, 87.2% of the shares will be held by Lionsgate, with the remaining 12.8% held by Screaming Eagle's shareholders and common equity investors. The full separation of Lionsgate and STARZ is expected by the end of 2024.
On April 17, 2023, Frost & Sullivan released an independent equity research report on SMX (Security Matters) PLC (NASDAQ: SMX). The report emphasizes the company's innovative chemical-based digital tracking solution, which enhances supply chain integrity and promotes sustainability within the circular economy.
SMX's technology, developed from Israeli government research, uses unique markers and blockchain for secure data storage. The company targets revenue generation through multiple streams, including implementation fees and technology licenses, with a valuation of approximately USD 77.3 million.
The price target for SMX stock is estimated between USD 3.12 and USD 3.75, with a mean value of USD 3.44.
SMX (Security Matters) Public Limited Company announced that its ordinary shares will begin trading on the Nasdaq Global Market under the ticker symbol SMX and warrants under SMXWW on March 8, 2023, after successfully merging with Lionheart III Corp (LION). The merger allows SMX to leverage its technology for supply chain authentication and traceability, enhancing its role in the circular economy. Following the merger closure on March 7, 2023, trading for its subsidiary on the Australian Securities Exchange and Lionheart's securities on Nasdaq will cease. An Opening Bell Ceremony at Nasdaq is scheduled for March 14, 2023.
Security Matters Limited (ASX:SMX) announced a business combination with Lionheart III Corp (NASDAQ:LION) to list on NASDAQ through a new entity, SMX Ireland. This transaction is valued at $360 million, with SMX's valuation set at $200 million. Upon completion, SMX shareholders will receive approximately 20 million shares of SMX Ireland, translating to a cash balance of $116 million, assuming no redemptions. The deal is aimed at enhancing SMX's position in the circular economy and is expected to close in Q4 2022.
Lionheart Acquisition Corporation II (Nasdaq: LCAP) has announced an extension for completing a business combination with MSP Recovery, LLC, moving the deadline from February 18, 2022, to August 18, 2022. The extension was approved by stockholders in a special meeting, with over the required votes supporting it. CEO Ophir Sternberg expressed optimism about the engagement from investors and the potential for increased shareholder value.