Lionsgate Studios Starts Trading On Nasdaq As Split From Starz Continues
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Lionsgate Studios began trading as a single class of stock under the Nasdaq ticker symbol LION on Tuesday. This news comes as the company continues its split from the premium cable network Starz. Lionsgate Studios encompasses both Lionsgate’s Motion Picture Group and the Television Studio segment as well as the company’s 20,000-plus title film and television library. This transaction is a major step in Lionsgate’s plan to fully separate its studio and Starz businesses. Lionsgate Studios currently has an enterprise value of $4.6 billion.
This article was originally posted on thewrap.com
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