28 Sep Lionsgate Leaning Toward Spinning Off Its Studio Business Instead of Starz [CNBC]
BY MICHAEL BURNS
September 28, 2022 | Lionsgate is leaning toward spinning off its studio division rather than its Starz cable and streaming unit, according to people familiar with the matter.
This would be a change in strategy for the media and entertainment company, which said in May it expected to finalize a spin or sale of Starz by the end of summer. In recent months, Lionsgate has held talks to sell a 20% stake in Starz to a number of potential buyers, including most recently Vivendi-owned Canal+, the people said, who asked not to be named because the discussions are private. Those talks haven’t ended, but no deal is imminent, said the people.
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