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Lionsgate’s plan to spin off its entertainment production arm is coming into focus.
Lionsgate’s desire to separate its film and TV production arms from Starz has been clear for some time now.
But the entertainment group revealed today that it and Screaming Eagle Acquisition Corp. want to take the Special Purpose Acquisition Company (SPAC) route in order to form Lionsgate Studios Corp. — “a publicly traded vehicle able to raise fresh capital and merge with existing businesses.”
Lionsgate to Spin Off Studio and 20,000-Title Library From Starz in $4.6B Deal
[The Hollywood Reporter]
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