(Finance) – Lionsgatean American company listed on the NYSE and active in the world of entertainment, announced today that its I study Businesswhich includes the Television Studio and Motion Picture Group segments and one of the most valuable film and television libraries in the world, will be listed on the Nasdaq through a business combination with the SPAC Screaming Eagle Acquisition Corp. The new title, Lionsgate Studiosshould land on the stock exchange in spring 2024.
The deal positions Lionsgate Studios as one independent and pure play content companywith an extensive portfolio of franchise properties including The Hunger Games, John Wick, The Twilight Saga and Ghosts, a robust film and television production and distribution company, a production and talent management company, and a film and television library of world level.
Following the transaction, 87.3% of the shares of Lionsgate Studios are expected to continue to be held by Lionsgate, while other shareholders and investors in Screaming Eagle are expected to own 12.7% of the combined company. The transaction values Lionsgate Studios at approximately 4.6 billion dollars.
“This transaction creates one of the largest publicly traded pure play content platforms in the world, with the ability to deliver significant incremental value to all of our stakeholders,” said Lionsgate CEO Jon Feltheimer and Vice President Michael Burns. From the acquisition of the eOne platform scheduled to close next week, to the expansion of our partnership with 3 Arts and the strong performance of our content, we have put all the pieces together for a thriving independent content company with a strong financial growth trajectory“.