Wednesday 28 September 2022 07:56 PM Lionsgate 'is set to sell a stake in its studio business' trends now
Wednesday 28 September 2022 07:56 PM Lionsgate 'is set to sell a stake in its studio business' trends now
Lionsgate 'is set to sell a stake in its studio business' which includes a library of more than 17,000 film and TV titles, including The Hunger Games, Mad Men and The Expendables Previously, Lionsgate held talks to discuss selling a 20 percent stake in Starz, the company's cable and streaming division Lionsgate now has more confidence in selling shares in its studio business rather than Starz, as there is more interest in the studio's extensive library The company will continue to separate itself from Starz, according to a securities filing A rebrand is planned for the streaming service Starzplay to become Lionsgate+ everywhere except in the United States and Canada Long term, Lionsgate's goal is to sell both the studio and Starz
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Lionsgate is preparing to sell a stake in its studio business while moving forward with a gradual separation and rebranding of Starz, its cable and streaming division.
Previously, the company held talks to discuss selling a 20 percent stake in Starz, but it now believes Lionsgate is a more feasible option for investors, according to CNBC.
The studio has produced several films and TV shows and holds a library of more than 17,000 titles.
A subsequent securities filing Wednesday says Lionsgate is moving
