A regulatory filing has revealed Lionsgate is looking at spinning off Starz. Though it is only five years since acquiring the business for $4.4 billion (€3.8bn), the board now seems keen to tap into the booming M&A market.

Vice chairman Michael Burns said: “While we continue to realise substantial synergies from bringing Lionsgate and Starz together, we also see the opportunity to potentially unlock significant shareholder value under a scenario where investors have the ability to value our studio assets and Starz separately.”

Lionsgate reported Q2 profits had topped $7.5 million, back from an $18.5 million loss this time last year. Revenues were up to $888 million, up from $745 million in 2020, while total global subscriber numbers have reached 18 million.

Other posts by :

1. Italy joins Germany in IRIS2 alternate thoughts
2. Kazakhstan to create museum at Yuri Gagarin launch site
3. AST SpaceMobile gets $42 or $1500 price target
4. Analyst: GEO bloodbath taking place
5. SES AGM results: Appaloosa still objecting
6. SpaceX’s Shotwell worth $1.2bn
7. SpinLaunch’s revolutionary plan for 280 satellites
8. Consolidation impacts satellite sector
9. Project Kuiper plans first satellite launch

Categories: Articles, Business, M&A, Results

Tags: Lionsgate, starz