LION ownership update: Vanguard reports 23.6M shares in new Schedule 13G

Rhea-AI Filing Summary

The Vanguard Group filed a Schedule 13G disclosing a passive ownership position in Lionsgate Studios Corp (LION) as of 30 Jun 2025.

• Beneficial ownership: 23,569,550 common shares, or 8.24 % of the outstanding class.
• Voting rights: 0 shares sole, 128,510 shares shared.
• Dispositive rights: 23,218,697 shares sole, 350,853 shares shared.
• Filed pursuant to Rule 13d-1(b) with reporter classified as an investment adviser (Type IA), indicating the stake is held in the ordinary course of business with no intent to influence control.
• Issuer headquarters: Vancouver, BC; Vanguard headquarters: Malvern, PA.

The filing, signed by Ashley Grim on 29 Jul 2025, confirms significant institutional support from the world’s second-largest asset manager while signaling minimal governance impact given the absence of sole voting power.

Positive

• Institutional endorsement: Vanguard’s 8.24 % stake signals confidence from a leading asset manager, potentially improving market perception and liquidity.

Negative

• Limited voting influence: Vanguard reports zero sole voting power, so its sizeable stake offers minimal governance advocacy for minority investors.

Insights

Equity Analyst

TL;DR: Vanguard now owns 8.24 % of LION, a passive but sizeable stake; supportive for liquidity but governance impact limited.

Assessment: The 23.6 million-share position places Vanguard among LION’s largest shareholders, boosting free-float stability and broadening analyst coverage. Because Vanguard claims zero sole voting power and files under a passive 13G, the firm is unlikely to push strategic changes. The large sole dispositive authority (23.2 million shares) means Vanguard can trade the position at its discretion, which may add volume but does not inherently alter the investment thesis. Overall valuation impact is modestly positive due to perceived institutional endorsement, yet neutral regarding control dynamics.

Corporate Governance Specialist

TL;DR: Passive 13G shows strong ownership concentration without corresponding voting clout—neutral for governance risk.

The 13G confirms Vanguard’s clients collectively exceed the 5 % reporting threshold, but the group reports no sole voting power and only ~0.05 % shared voting power. This limits its influence on board matters, proxy votes, and activist defenses. The disclosure satisfies transparency rules and removes uncertainty around institutional holders. From a governance perspective, the filing neither heightens nor mitigates takeover risk; it simply clarifies that a major passive institution—not an activist—controls 8 % of shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Lionsgate Studios Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

53626N102

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 53626N102

1

Names of Reporting Persons

The Vanguard Group

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 128,510.00
7	Sole Dispositive Power 23,218,697.00
8	Shared Dispositive Power 350,853.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

23,569,550.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.24 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Lionsgate Studios Corp
(b)	Address of issuer's principal executive offices: 250 Howe St, 20th Floor, Vancouver, A1, V6C 3R8
Item 2.
(a)	Name of person filing: The Vanguard Group
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd., Malvern, PA 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 53626N102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 23569550
(b)	Percent of class: 8.24 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 128510
	(iii) Sole power to dispose or to direct the disposition of: 23218697
	(iv) Shared power to dispose or to direct the disposition of: 350853
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

The Vanguard Group

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	07/29/2025

FAQ

How many LION shares does The Vanguard Group own?

The filing lists 23,569,550 common shares beneficially owned.

What percentage of Lionsgate Studios Corp does this represent?

Vanguard’s position represents 8.24 % of LION’s outstanding common stock.

Does Vanguard have voting control over these shares?

No. It has 0 sole voting power and 128,510 shares with shared voting power.

Is Vanguard’s stake passive or activist?

The Schedule 13G is filed under Rule 13d-1(b) as a passive investment adviser, indicating no intent to influence control.

When was the ownership position effective and when was it filed?

The reporting date is 30 Jun 2025; the filing was signed on 29 Jul 2025.