Lionsgate and Lionsgate Studios Set Date for Important Shareholder Meetings

Introduction

In a significant corporate update, Lions Gate Entertainment Corp. (traded as NYSE: LGF.A, LGF.B) and Lionsgate Studios Corp. (listed on Nasdaq as LION) have officially announced the scheduling of their annual and special meetings. These gatherings are pivotal for both organizations as they relate to the anticipated separation of Lionsgate’s Studios and Starz Businesses, a strategy designed to streamline operations and enhance shareholder value.

Details of the Meetings

The vital meetings, referred to collectively as "the Meetings," are expected to occur on April 23, 2025. This decision was made subsequent to a notification issued in March, which indicated an initial meeting date of March 10, 2025. The postponement aligns with recent interim orders granted by the Supreme Court of British Columbia concerning the proposed arrangement, aiming to protect shareholder interests while clarifying corporate directions.

Shareholders will gather to deliberate on essential proposals that revolve around a plan of arrangement including Lionsgate, Lionsgate Studios, LG Sirius Holdings ULC, and Lionsgate Studios Holding Corp. (also referred to as "New Lionsgate"). This plan is governed under the Business Corporations Act of British Columbia. The key points concerning this arrangement were meticulously outlined in a joint proxy statement/prospectus incorporating details that have been filed with the Securities and Exchange Commission (SEC).

Eligibility and Record Date

The record date for shareholders eligible to vote at the Meetings has been set for March 12, 2025. This timeline is crucial as it ensures that only those invested stakeholders can influence the direction of the institutions in light of their substantial ongoing operations across media platforms. The Meetings are expected to provide clarity on how Lionsgate and Lionsgate Studios plan to navigate their evolving business landscapes.

About Lionsgate

Lionsgate is recognized as a prominent player in the global entertainment sector, currently holding almost 87.8% of the outstanding shares of Lionsgate Studios. This studio stands out as one of the foremost publicly traded content firms, acclaimed for its production of feature films and television, alongside operating the premium subscription network, Starz. The combination of robust production capabilities and an expansive library of over 20,000 titles places Lionsgate in a strategic position to capitalize on evolving consumer preferences.

About Lionsgate Studios

Lionsgate Studios embodies a comprehensive enterprise in the entertainment realm, focusing on both film and television. With its unique approach and commitment to creative talents, it has established a powerful repository of brands, franchises, and intellectual properties. The organization thrives on its dynamic culture aimed at fostering innovation within the ever-competitive media market, capitalizing on diverse entertainment opportunities.

Conclusion

The upcoming Meetings are not just procedural; they represent a critical juncture for Lionsgate and Lionsgate Studios. Stakeholders are encouraged to remain informed regarding updates and participate actively in shaping the future of these influential organizations. As the industry continues to evolve with technological advancements and shifting audience behaviors, the outcomes of these discussions could play a pivotal role in determining Lionsgate's strategic direction moving forward.

For further inquiries, both investors and media representatives can reach out via the attached contact details for additional information on the upcoming meetings or the arrangement’s finer points.