Date Set For Long-Awaited Shareholder Vote On Lionsgate Studios Split From Starz

deadline.com:

Shareholders will finally get a chance to vote April 23 on the long-planned proposal to separate Lionsgate Studios from Starz.

A special meeting will be held on that date in order to hold the shareholder vote, Lionsgate announced Monday. Shareholders of record as of March 12 will be entitled to cast ballots at the meeting.

After evaluating a range of strategic options, Lionsgate settled on the separation of the Starz business from its film and TV studio in 2023.

It has encountered a number of roadblocks on the way to making the split official. CFO Jimmy Barge last week addressed the delays during an appearance at a Wall Street conference, telling investors the split was still on track to close by the end of April. “We didn’t know there would be a pandemic, writer strikes and and then, somewhere along the way, we made a fantastic acquisition of eOne,” Barge explained. “So there have been quite a few things.