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Source: Lionsgate

Lionsgate and Starz have completed their full separation and will operate as two stand-alone, publicly traded companies.

Lionsgate said the separation was approved by an overwhelming majority of shareholders at a special shareholder meeting on April 23, with more than 99% of both classes of shareholders who voted approving the separation.

As part of the separation, the former dual share structure has been collapsed into a single class of stock.

Lionsgate releases 30 to 40 films a year, including a dozen wide theatrical releases, creating more than 100 shows spanning scripted and unscripted, managing a film and television library of more than 20,000 titles, and operating a talent management and production company at 3 Arts Entertainment. 

“Today we’re launching an exciting new chapter as a leading pure play content company,” said Lionsgate CEO Jon Feltheimer, reminding that the company launched 25 years ago.

Starz transitioned from linear to digital and says approximately 70% of its revenue is now generated through its digital footprint. As of December 31, 2024, the company had a subscriber base of 20m in North America.

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