Overview

• Lionsgate shareholders have approved the separation of Starz and Lionsgate Studios, finalizing plans initiated nearly three years ago.
• Starz will trade under the ticker symbol STRZ on the NASDAQ, while Lionsgate Studios will trade as LION on the NYSE starting in early May 2025.
• The split aims to unlock shareholder value by creating two pure-play entities, allowing for more accurate valuation of their respective assets.
• Investors also approved the studio’s board director nominees and executive compensation package during the annual meeting.
• Activist investor Anson Funds has urged Lionsgate to explore divestitures and alternative revenue streams following the separation.