By Josh Beckerman
Shares of Starz Entertainment gained after the company was separated from Lions Gate Entertainment.
Starz stock rose 56%, to $12.48. Meanwhile, Lionsgate Studios shares were up 23%, to $8.43.
Lions Gate Entertainment, which bought Starz in 2016, said in December 2023 that it would separate its studios business and merge it with Screaming Eagle Acquisition, a special-purpose acquisition company. That transaction closed in May 2024.
As of Dec. 31, Starz, known for shows such as "Outlander" and "Power," had about 20 million subscribers in the U.S. and Canada.
Lionsgate movies have included the "John Wick," "Hunger Games" and "Saw" franchises and shows including "Mad Men," "Orange is the New Black" and "Weeds."
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
May 07, 2025 15:36 ET (19:36 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。