Lionsgate & STARZ Complete Separation

Lions Gate Entertainment has completed the full separation of its studio and STARZ businesses.

“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.”

As of today, Lionsgate is trading on the New York Stock Exchange. STARZ is listed on the Nasdaq Stock Market and is looking to drive its expansion by positioning itself as a complement to any platform or service as a perfect bundling opportunity. Some 70 percent of the company’s revenues now come from digital as it has evolved from a premium pay-TV channel operator. The company has a subscriber base of 20 million in the U.S and Canada as at the end of 2024.

“Today marks an important milestone in our history as we unlock significant value as a standalone business and advance our position as the leading premium entertainment destination for women and underrepresented audiences,” said Jeffrey Hirsch, president and CEO of STARZ. “This separation comes at a pivotal time for the industry. Our strong balance sheet, compelling programming lineup and industry-leading tech stack will enable us to be nimble and capitalize on growth opportunities, while driving long-term success for our partners, audiences, employees and shareholders. We are thankful to Jon (Feltheimer) and the entire Lionsgate team for the past eight years of collaboration as well as for the ongoing partnership we’ll maintain, and I look forward to beginning this new chapter for STARZ.”