Lionsgate Studios will split off from Starz in a SPAC deal to become a new publicly traded company
The studio, motion picture group, and film and television libraries will merge with Screaming Eagle Acquisition Corp., a SPAC (special purpose acquisition company) headed by Eli Baker. This announcement means that Lionsgate’s long-standing plan to split the studio with Starz is finally set to go forward. Lionsgate Studios’ enterprise value is set at $4.6 billion…