The Supreme Court of British Columbia Grants Order Approving Full Separation of Lions Gate Entertainment Corp.'s Studio and STARZ Businesses into Two Standalone, Publicly-Traded Companies

Rhea-AI Summary

The Supreme Court of British Columbia has approved the separation of Lions Gate Entertainment Corp.'s businesses into two independent, publicly-traded entities. The split will separate the Studio and STARZ operations, with the separation scheduled for May 6th, 2025. Following the split, Lionsgate will begin trading on the New York Stock Exchange under the ticker symbol LION starting May 7th, 2025.

Positive

• Creation of two focused, independent companies that can better pursue their respective strategic objectives
• Potential for improved market valuation as separate entities
• Enhanced ability for each company to access capital markets independently

Negative

• Potential loss of operational synergies between Studio and STARZ businesses
• Additional administrative and operational costs of maintaining two separate public companies
• Possible initial market volatility as investors adjust to the new structure

SANTA MONICA, Calif. and VANCOUVER, BC, May 5, 2025 /PRNewswire/ -- The Supreme Court of British Columbia has granted an order approving the full separation of Lions Gate Entertainment Corp.'s Studio and STARZ businesses into two independent, publicly-traded companies. The separation is anticipated to take place tomorrow, Tuesday, May 6^th. Lionsgate is expected to begin trading on the New York Stock Exchange under the ticker symbol LION on Wednesday, May 7^th.

About Lionsgate Studios
Lionsgate Studios (Nasdaq: 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 Lionsgate's bold and entrepreneurial culture.

About Lionsgate
Lionsgate (NYSE: LGF.A, LGF.B) owns approximately 87% of the outstanding shares of Lionsgate Studios Corp. (Nasdaq: LION), one of the world's leading standalone, pure play, publicly-traded content companies, as well as the premium subscription platform STARZ.

For media inquiries, please contact:

Peter D. Wilkes
310-255-3726
pwilkes@lionsgate.com

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SOURCE Lionsgate; Lionsgate Studios

FAQ

When will Lions Gate Entertainment (LION) split into two separate companies?

The separation of Lions Gate Entertainment's Studio and STARZ businesses is scheduled to take place on May 6th, 2025.

What will be Lions Gate's new stock symbol after the STARZ separation?

Lionsgate will trade on the New York Stock Exchange under the ticker symbol LION starting May 7th, 2025.

Which court approved Lions Gate Entertainment's separation from STARZ?

The Supreme Court of British Columbia granted the order approving the separation of the Studio and STARZ businesses.

When will LION stock begin trading on the NYSE after the split?

LION stock is expected to begin trading on the New York Stock Exchange on Wednesday, May 7th, 2025.