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Lionsgate Studios and Starz Begin Trading as Independent Public Companies

The long-planned separation, approved by over 99% of shareholders, aims to unlock value and enable distinct growth strategies for both entities.

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Overview

  • Lionsgate Studios now trades on the New York Stock Exchange under the ticker symbol 'LION,' while Starz trades on Nasdaq under 'STRZ.'
  • The split was finalized after a shareholder vote in April 2025, where over 99% of Class A and B shareholders approved the separation.
  • Lionsgate Studios, now a pure-play content company, manages a library of over 20,000 titles, produces 30–40 films annually, and oversees more than 100 TV shows.
  • Starz, with 20 million subscribers as of December 2024, focuses on premium programming for women and underrepresented audiences, including franchises like 'Outlander' and 'Power.'
  • The separation collapses Lionsgate’s dual-share structure into a single class of stock, aligning with broader media trends of asset divestment to enhance shareholder value.