The Supreme Court of British Columbia, where its main headquarters is officially, approved a full chapter on the company's studio from Starz, the last step required to complete the division that was working for years.
The shareholders agreed to the operation last month.
Lionsgate Studio and Starz will be officially separated tomorrow and start trading as independent public companies on Wednesday for the first time – Lion on the Nyse and Strz on the Nasdaq Stock Exchange.
The news is hit shortly after President Donald Trump Hollywood received a curve ball last night, and asked for 100 % definitions on films that were presented outside the United States, the announced goal of saving the film industry “Death”
In fact, Sequeze Studios Big and Small with two independent producers in a global company where a wide range of products depends on foreign tax incentives to strike their numbers.
Since then, the administration has retreated to some social media on Sunday for the president, and this morning it is clear that no decisions have been made yet. Trump insisted that he does not want to harm the entertainment industry and will meet with unlimited Hollywood representatives. The sector, which is proud of a wide trade surplus with the rest of the world, has made the first 100 days without a blow.
Lionsgate shares decreased 5 %.
The company started exploring a separation more than three years ago, but was slow with the repercussions of the epidemic, Hollywood strikes and Ene Intervention. The operation started when Lionsgate Studios – TV studio, animation collection, film and television libraries – merged with Screaming Eagle Custom Corp. It is a SPAC (a special purpose acquisition company) led by Elie Baker. The transaction has set the value of a $ 4.6 billion institution on Lionsgate studios.
The idea of dividing studios, led by John Felitimer, from OTT Service and Linear Network Starz, which is run by Jeff Hirsch, is eventually creating a market value for both.
