The 'John Wick' and 'Hunger Games' studio filed a registration with the SEC to complete a planned separation into two publicly traded companies ahead of a shareholders vote.
On Wednesday, the Hollywood studio disclosed the public filing of a Form S-4 registration statement with the U.S. Securities and Exchange Commission around the long-awaited separation of its studios business, to be called Lionsgate Studios Corp., and its media networks business, mainly Starz.
The SPAC transaction was structured with the parent company retaining 87.3 percent of the shares in Lionsgate Studios, while the blank check company, Screaming Eagle Acquisition Corp., controlled the remaining 12.7 percent equity stake. And while some potential suitors appear to see Starz as a streaming platform, others are looking at Lionsgate and its programming library as a possible indie studio acquisition as digital titans like Apple and Amazon muscle into Hollywood.
The prospectus lays out other details of the proposed corporate structure of the separated studio and media networks businesses. Lionsgate plans an annual general and special meeting of its shareholders at its Vancouver headquarters on an unspecified date to obtain approvals for the planned separation agreement, the SEC filing said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Step-by-step process: How alleged $1M Houston-based teacher cheating scheme workedStep-by-step process: How alleged $1M Houston-based cheating scheme worked.
Read more »
How to Write a Cover Letter — Step-by-Step Tips & ExamplesThe Cut’s Ask a Boss columnist Alison Green has read thousands of cover letters. Here, she offers ten tips on how to write a cover letter that will get you an interview, then get you a job.
Read more »
When To Use AI And When Not To - Step By Step GuidanceSol Rashidi holds eight patents and is the bestselling author of Your AI Survival Guide: Scraped Knees, Bruised Elbows, and Lessons Learned from Real-World Deployments. Sol has been in the data space since the late '90s and in the AI space since 2011, when she helped IBM launch Watson.
Read more »
New Alabama basketball facility takes next stepThe next step for the new Alabama basketball facility took place Thursday at the physical properties committee meeting ahead of the University of Alabama system board of trustees meeting Friday.
Read more »
Kansas State Ready For Dug McDaniel To Take Next StepAfter transferring from Michigan, point guard Dug McDaniel still adjusting to playing at Kansas State
Read more »
Who Will Take The Next Step for the A's in 2025?The A's have a couple of solid players to build around in the lineup, but which player is most likely to turn the duo of Butler and Rooker in a trio?
Read more »