Lionsgate plans to officially announce a Starz spinoff this summer

Lionsgate CEO Jon Feltheimer revealed details during an investor call on Thursday, May 26, about the company’s plans to spin off its Starz streaming unit by the end of the summer. He also alluded that there could be more M&A (Mergers and Acquisitions) for both Lionsgate and Starz if the two were separated.
Feltheimer said, “We are targeting an announcement of our plan by the end of the summer and expect a transaction could close as early as our fiscal fourth quarter.” He added that the company is engaged in conversations with bankers and “a number of potential strategic partners.”
Although

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