Brent Lang Executive Editor of Film and MediaLionsgate swung back into profitable terrain during its most recent fiscal quarter, another sign that the pandemic’s cloud is beginning to lift.
But the company also announced that it could soon be slimmed down as it hopes to capitalize on the consolidation in the media space, one that has already seen Amazon agree to buy Metro-Goldwyn-Meyer, Discovery announce plans to merge with WarnerMedia, and Disney’s purchase of much of 21st Century Fox.
To that end, Lionsgate announced that its board of directors has given the greenligiht to its management team to explore spinning off or selling its Starz division.
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