The Clap Lionsgate (NYSE: LGF.A) is considering a spin-off for its studio rather than selling a stake in its Starz cable and streaming unit.
Background In May, Lionsgate was expected to finalize the sale of Starz by the end of the summer, holding talks to sell a 20% stake with several buyers.
The Deets Lionsgate is holding talks with several buyers on potentially selling a stake in their studio business. There is more interest in the studio than in Starz, making it more likely for Lionsgate to sell a stake in their studio.
What Now Lionsgate plans on rebranding Starz to Lionsgate+ and is aiming to separate both its studio business and Starz in order to maximize shareholder value.