Lionsgate Studios May Make Lower-Budget Movies Just For Starz As Company Moves Ahead With Split

lionsgate studios may make lower-budget movies just for starz as company moves ahead with split

Starz offices AaronP/Bauer-Griffin/GC Images

Lionsgate is thinking about making “lower-budget” movies for Starz as the TV streaming and linear network is set to split with Lionsgate Studios by the end of the year.

“I wouldn’t be surprised if we also made some lower budget movies specifically for Starz,” said CEO Jon Feltheimer on a post-earnings call. “And we’re talking about that and thinking about the calculus for how that works.”

Talking about Lionsgate theatrical output – from big swings to the many smaller films on its slate that he said generate 90% returns, Feltheimer noted that “at the end of the day, we take all that product, all that product, and all that huge investment, and it goes all into the library. And the new stuff drives the old stuff” in a virtuous circle.

Related Stories

lionsgate studios may make lower-budget movies just for starz as company moves ahead with split
News

Lionsgate TV Sees Sales, Profit Jump On Library Sales, Post-Strike Content Deliveries In March Quarter

lionsgate studios may make lower-budget movies just for starz as company moves ahead with split
News

Embracer Sees Entertainment Unit Sales Drop But Predicts 'Lord Of The Rings' IP Will Be "Key Driver In The Coming Decades"

“We’ve got a really a great ecosystem, whether we’re the same company or whether we’re two companies. I think you can expect those mutual benefits to continue.”

Lionsgate Studios recently became a publicly traded company (stock symbol LION) through a SPAC merger in the first step in a separation. Lionsgate Entertainment (LGF), which still includes the studio and Starz, is trading as usual. But the plan is to spin out the studio to shareholders (except the circa 13% owned by SPAC investors), leaving two pure play companies. Vice chair Michael Burns said the LGF board has authorized a special committee to work out the terms of the spin, which intends to collapse the Class A and Class B shares, with some premium for the A stockholders. There will be a shareholder vote on it all before moving forward.

“We are going through the processes, you know, regulatory, shareholder votes, notices, all of that. So I think we all believe that the sooner the better. But we’re putting that target by the end of the year and have to follow all these different processes. Also remember, there’s a Canadian aspect to us. And all those i’s and all those t’s have to be crossed,” he said.

OTHER NEWS

14 minutes ago

Keir Starmer pays tribute to his late toolmaker dad on Father's Day - after he was mocked for talking about him during Sky election grilling

19 minutes ago

The West Block Transcript – Episode 40, Season 13

19 minutes ago

Canada can no longer be ‘naive’ about the ‘real’ threats it faces: defence chief

19 minutes ago

Helen Skelton's chic high street wool blend jacket is exactly what we need for unpredictable June weather

20 minutes ago

Celine Dion admits 'it was a lot' as she recalls Taylor Swift Grammy presentation

20 minutes ago

Gaenor Meakes: Why Australia's rich and famous can't stop gossiping about Bruce Lehrmann's landlady

20 minutes ago

The AI startup seeking to disrupt the $23 trillion dollar financial services industry

20 minutes ago

Stephen Fry: ‘The Conservatives are what we call in poker a busted flush’

20 minutes ago

Beware, England: Aleksandar Mitrovic is Serbia’s monster scoring goals for fun

20 minutes ago

Ukraine summit paves way for peace talks with Russia to end war

24 minutes ago

‘Raw’ true crime doc Car Crash: Who’s Lying? has shock rise to top of Netflix film chart: ‘Be warned’

24 minutes ago

Euro 2024: Man shot by Hamburg police after ax threat

24 minutes ago

Officers indicted for 2019 shootout with robbers that killed UPS driver and passerby

26 minutes ago

Supreme Court strikes down on gun 'bump stocks'

26 minutes ago

Dallas Mavericks Are Interested In Drafting Bronny James

26 minutes ago

Brexit, oil and bombs: The words that have defined UK elections since 1945

26 minutes ago

Soccer-Kante’s comeback has French squad buzzing

26 minutes ago

Spain's stunning 136 game record is BROKEN in 3-0 victory over Croatia as Euro 2024 underdogs get off to a winning start with new tactical approach

26 minutes ago

Lady Gabriella Windsor joined the Royal Family at Trooping the Colour in her first public appearance since the tragic death of her husband Thomas Kingston

26 minutes ago

Ekin-Su Culculoglu claims The Traitors taught her 'who the real faithfuls are' in life as she takes swipe at ex Davide Sanclimenti after show wins at Critics Choice Real TV Awards

26 minutes ago

Video: Dozens of firefighters tackle raging inferno inside flat in London tower block - as four people are rushed to hospital

34 minutes ago

Without a major trophy since 1966, former England boss Fabio Capello reveals why FEAR is holding Three Lions back, as they prepare for Euro 2024 opener

34 minutes ago

Strictly Come Dancing legend Len Goodman 'leaves family a whopping £4M fortune' - after his tragic death from cancer aged 78

35 minutes ago

How City Hall frittered away $41M on no-bid migrant shelter deal with dodgy DocGo

35 minutes ago

Woman who didn’t know she was pregnant gives birth in Golden Corral bathroom, names baby after buffet joint

35 minutes ago

Calif. woman was harassed by aggressive black bear she named ‘Big B—ard’ before fatal mauling in home

36 minutes ago

Woman divides the internet after not inviting friend to dinner party because of her stance on cats

36 minutes ago

A woman paid for her parents’ dream vacation to Hawaii. They complained about the price of food

36 minutes ago

The grit behind ‘America’s sweethearts’: Grueling schedule of Dallas Cowboys cheerleaders revealed

36 minutes ago

Ferrari win 24 Hours of Le Mans for second year in a row

36 minutes ago

People Are Sharing Their Most Coveted Cooking Tips That Have Been Passed Down By Family

36 minutes ago

‘Don’t discount Novak Djokovic’ warns former world No 4 – as Serb ramps up injury recovery

36 minutes ago

Roger Federer is Leaning Into Dad Duties Since Retirement — Which Includes a Taylor Swift Concert (Exclusive)

36 minutes ago

80 countries agree territorial integrity of Ukraine must be basis of peace deal

36 minutes ago

Keir Starmer aims dig at Nigel Farage with 'pantomime' remark

36 minutes ago

Strictly's Rose Ayling-Ellis face of new TV show promoting British Sign Language

38 minutes ago

Connor McDavid breaks Wayne Gretzky's record for most assists in a single postseason

40 minutes ago

Erling Haaland lets his hair down in St. Tropez as shirtless Manchester City ace soaks up the sun during summer break after Norway failed to qualify for Euro 2024

40 minutes ago

Police release mugshot of man wanted after boy, 12, was killed in hit-and-run crash - as officers hunt BMW driver

40 minutes ago

Video: Taylor Swift chokes back tears as crowd chant her name following emotional performance during final gig in Liverpool - after ex Joe Alwyn broke his silence on their split