![]() ![]() They are down 0.6% in after-hours trading. ![]() The shares rose 5.2% today to close at $11.07. Post spin, Lionsgate will be one of the only pure-play, publicly traded content companies at a time when content is in high demand. “Do I believe we can continue to be successful at the size we are?” Yes, he said, “but it’s a tough environment out there.”ĭitto for the studio and its circa 18,000-title library assembled by Lionsgate CEO Jon Feltheimer and Burns over the years. A separation is the cleanest way to do that,” Vice Chair Michael Burns said at a media conference last fall.Ī stand-alone Starz media group would have its own currency, meaning shares that it can use “to get bigger, or become part of something bigger,” Starz CEO Jeffrey Hirsch said then. “When you have two very different businesses, it’s tough to put a blended multiple on that, trying to show shareholders the value of both sides of the business. but still down from its 52-week high near $17. Download Libero SoC Design Suite v2023.1 for Windows Full Installer (Refer to Installation and System Limitations section in release notes before. This year, Lionsgate shares are among the sector’s best performers, having doubled since Jan. ![]() It’s meant to unlock value for the stock, which had been lagging, along with the rest of media. Wall Street has been anticipating the transaction for over a year. 'Home Economics': ABC Extends Cast Options On Comedy Series That Remains On The Bubble ![]()
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