LGF.A.N Overview

Company Split: Lions Gate Entertainment has successfully split its studio and premium TV businesses into two separate publicly traded companies, Lionsgate Studios and Starz Entertainment, following court approval and shareholder support.

Market Implications: The separation is expected to provide clearer valuations for both entities, potentially unlocking value in a competitive entertainment market, although analysts express caution regarding execution risks and competition from larger peers.

Lions Gate Entertainment Separation: The Supreme Court of British Columbia has approved the separation of Lions Gate Entertainment Corp.'s Studio and STARZ businesses into two independent, publicly-traded companies, effective May 6, 2025.

Trading Information: Following the separation, Lionsgate is set to begin trading on the New York Stock Exchange under the ticker symbol LION starting May 7, 2025.

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Lions Gate Entertainment Corp. Separation: Lions Gate has approved a plan to separate its film and TV studio from the Starz pay-TV service, with investors set to receive shares in the new entity, Lionsgate Studios Corp.

Regulatory Steps and Future Structure: The company filed a registration statement with the SEC for this separation, aiming for a structure with a single class of common shares that offers one vote per share.

Shareholder Meetings Announcement: Lionsgate and Lionsgate Studios are reminding shareholders to vote at their upcoming meetings on April 23, 2025, where they will seek approval for the separation of Lionsgate Studios' motion picture and television operations from Lionsgate's other businesses.

Proxy Materials and Voting Information: Revised proxy materials are available on the SEC's website, and shareholders can contact MacKenzie Partners for assistance with voting or questions regarding the meetings.