Lionsgate unveiled a deal to spin off its studio business in a $4.6 billion special purpose acquisition deal to create a separately traded public company.
Lionsgate unveiled a deal to spin off its studio business in a $4.6 billion special purpose acquisition deal to create a separately traded public company.
The deal will see Lionsgate’s studio business, comprising Lionsgate’s TV production and Motion Picture Group divisions and an 20,000-title film and TV library, merge with blank-check firm, Screaming Eagle Acquisition Corp. led by Eli Baker.
The media business, which is mostly comprised of Starz, will remain with Lionsgate.
Meanwhile, the newly merged group, called Lionsgate Studios Corp.
