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 (NYSE: LGF.A, LGF.B) and Lionsgate Studios (Nasdaq: LION) will announce their fourth quarter and full year earnings for fiscal 2024 on May 23, 2024, post-market close. The companies will also hold a conference call at 5:00 P.M. ET/2:00 P.M. PT on the same day to discuss the results. The financial outcomes of both companies will be covered in this call.
Lionsgate operates a comprehensive motion picture and television studio and the STARZ subscription platform, boasting a 20,000-title film and television library. It owns 87.2% of Lionsgate Studios, a standalone content company known for its diverse production and distribution services.
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.
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Screaming Eagle Acquisition Corp. announced that holders of its initial public offering units may begin trading Class A ordinary shares and warrants separately starting February 28, 2022. The offering completed on January 10, 2022, involved 75 million units that will continue to trade under the symbol "SCRMU." The Class A shares and warrants will trade under the symbols "SCRM" and "SCRMW," respectively. The Company aims at business combinations across various industries, leveraging its management team's global experience.