Search results
Results from the WOW.Com Content Network
The transaction sets a $4.6-billion value on Lionsgate Studios and the deal was closed on May 7, 2024. The company was launched on May 14, 2024 and it has been trading on Nasdaq via the stock symbol LION. Lionsgate will remain the controlling shareholder owning around 87% of Lionsgate Studios following the split. [79] [80]
Entertainment One - absorbed into Lionsgate and split into three companies; eOne Television - merged with Pilgrim Media Group to form Lionsgate Alternative Television; Epix - Metro-Goldwyn-Mayer acquired Lionsgate's stake in the network in 2017 Epix2; Epix Drive-In; Epix Hits; Fearnet - NBCUniversal acquired Lionsgate's stake in the network in 2013
Following the completion of acquisition of Entertainment One from Hasbro on December 27, 2023, Lionsgate revealed its intention to split its film and television assets into its own company, whose Studios division would merge with a special-purpose acquisition company named Screaming Eagle Corporation to form a separate publicly traded company called Lionsgate Studios Corporation.
Lionsgate has laid off 10% of Entertainment One’s (eOne) workforce ahead of the closing of the merger between the two companies, which is expected to be finalized the last week of December, a ...
In a reverse stock split, your current shares are exchanged for fewer shares. When the split occurs, the share price also changes automatically to reflect the exchange ratio. That is, regardless ...
Lionsgate purchased Starz in 2016 in a $4.4 billion deal that was meant to help the company strengthen its business by giving it an in-house cable TV distributor for its programming.
On June 30, 2016, Lionsgate agreed to acquire Starz Inc. for $4.4 billion in cash and stock. [26] [27] As part of the acquisition by Lionsgate, Starz Inc.'s home entertainment business have been subsumed into Lionsgate's Worldwide Home Entertainment division, as well as Starz Inc.'s Worldwide TV distribution group being similarly combined. [28]
Lionsgate came in below Wall Street expectations for the first three months of the year, but its TV production division again had stellar results and its Starz streaming business kept on growing.