Lionsgate, led by CEO Jon Feltheimer, is eyeing a possible sale or spinoff of Starz as it courts multiple bidders.
Lionsgate execs on an after-markets analyst call are expected to give an update on the studio exploring its options for Starz, including a possible separation of the pay TV and streaming business and its studio operations.
The goal appears to be creating two stand-alone companies so investors can value the Starz and studio assets separately. Starz is a pay TV channel similar to HBO and Showtime, and also offers a streaming service aimed at domestic and
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