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Lions Gate Entertainment Corp. Separates its Studio and STARZ Businesses into Two Independent, Publicly-Traded Companies

1. Lionsgate completed its separation from STARZ, creating two standalone companies. 2. Trading begins for Lionsgate under the ticker symbol LION on the NYSE. 3. 99% of shareholders approved the separation at a special meeting. 4. Lionsgate is positioned as a leading independent pure play content company. 5. The separation aims to unlock incremental value for investors.

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Why Bullish?

The transition to a pure play content company typically attracts more investors. Historical examples include successful spin-offs that resulted in stock price appreciation.

How important is it?

The article outlines significant structural changes, indicating potential growth and heightened investor interest.

Why Long Term?

The creation of standalone companies often results in strategic growth over time, as seen with numerous entertainment companies that thrived post-separation.

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Separation Creates One of the World's Leading Independent Pure Play Content Companies Lionsgate To Begin Trading Under the Ticker Symbol LION on the NYSE Dual Share Structure Has Been Collapsed into Single Class of Stock , /PRNewswire/ -- Lions Gate Entertainment Corp. has completed the full separation of its Studio and STARZ businesses into two standalone, publicly-traded companies.  Lionsgate will begin trading on the New York Stock Exchange today under the ticker symbol LION.  The separation was approved by an overwhelming majority of shareholders at a special shareholder meeting on April 23rd, with over 99% of both classes of shareholders who voted approving the separation.  As part of the separation, the former dual share structure has been collapsed into a single class of stock. The separation is designed to unlock incremental value by creating two pure play, standalone companies able to pursue their own strategic, financial and operational priorities and attract investors drawn to the strengths of their respective businesses.  Lionsgate becomes one of the world's leading independent publicly-traded content companies, releasing 30 to 40 films a year, including a dozen wide theatrical releases, creating more than 100 shows spanning its scripted and unscripted television businesses, shepherding a portfolio of valuable brands and franchises, managing a 20,000-plus title film and television library, and operating a world-class talent management and production company at 3 Arts Entertainment.  "We began our journey 25 years ago as a new and different kind of studio, committed to bold, original content, agnostic to distribution platform, disciplined in our execution and powered by a deep library and an agile and entrepreneurial culture," said Lionsgate CEO Jon Feltheimer.  "Today we're launching an exciting new chapter as a leading pure play content company, adapting our proven strengths, embracing our emerging opportunities, and bringing our unique and not-easily-replicable portfolio of assets to bear on our mission of creating significant incremental value for our partners, audiences and shareholders.  I want to thank our colleagues at STARZ for their many contributions to the Lionsgate family over the past eight years.  We look forward to continuing to collaborate closely with them, and we are confident in their success as a standalone company." About LionsgateLionsgate (NYSE: 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 the studio's bold and entrepreneurial culture. For media inquiries, please contact: Peter D. Wilkes310-255-3726[email protected] SOURCE Lionsgate WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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