Lionsgate took another step in its quest to separate its studio division from STARZ.
The studio filed a Form S-4 Registration Statement on Wednesday with the Securities and Exchange Commission (SEC). A Form S-4 is essential when it comes mergers or acquisitions. But in the case of STARZ, which is splitting from Lionsgate Studios to be owned by Lionsgate the company, the form has more to do with a stock exchange offer.
As part of this new arrangement, pre-transaction shareholders of Lionsgate will hold shares of two different companies: the rebranded Starz Entertainment Corp. (LGEC) and the new version of Lionsgate Studios, which will be named Lionsgate Studios Corp.