EXCLUSIVE: Percy Daggs IV (The Last Days of Ptolemy Grey) and Anthony B. Jenkins (Florida Man) have been set to join Halle Berry in Lionsgate‘s thriller Never Let Go (fka Mother Land) from 21 Laps.
31.03.2023 - 22:23 / deadline.com
Lionsgate is moving forward with its plans to separate the studio business from Starz, submitting a draft registration of the proposed spinoff — of the studio — with SEC.
The filing was submitted confidentially, so there are no details. But Lionsgate said it expects the spin-off to be completed “on previously communicated timelines, subject to market and other conditions.” That means the quarter ending in September. Details of the spin will likely become public within the next few months. The company had said previously it intended to file is plans with the SEC in March, so today’s news is in line.
Wall Street has been anticipating the transaction for over a year. It’s meant to unlock value for the stock, which had been lagging, along with the rest of media. This year, Lionsgate shares are among the sector’s best performers, having doubled since Jan. but still down from its 52-week high near $17.
“When you have two very different businesses, it’s tough to put a blended multiple on that, trying to show shareholders the value of both sides of the business. A separation is the cleanest way to do that,” Vice Chair Michael Burns said at a media conference last fall.
A stand-alone Starz media group would have its own currency, meaning shares that it can use “to get bigger, or become part of something bigger,” Starz CEO Jeff Hirsh said then. “Do I believe we can continue to be successful at the size we are?” Yes, he said, “but it’s a tough environment out there.”
Ditto for the studio and its circa 18,000-title library assembled by Lionsgate CEO Jon Feltheimer and Burns over the years. Post spin, Lionsgate will be one of the only pure-play, publicly traded content companies at a time when content is in high demand.
The shares
EXCLUSIVE: Percy Daggs IV (The Last Days of Ptolemy Grey) and Anthony B. Jenkins (Florida Man) have been set to join Halle Berry in Lionsgate‘s thriller Never Let Go (fka Mother Land) from 21 Laps.
Deadline has launched the streaming site for its 2023 Contenders Television award-season event, which wrapped over the weekend after a total of 40 scripted series showed off their wares in front of voters at the DGA Theater in Los Angeles.
Rebecca Rubin Film and Media Reporter Aziz Ansari is making his feature directorial debut with “Good Fortune,” a comedy whose plot is shrouded in secrecy. Lionsgate has landed rights to the film, which will be written and directed by Ansari. The comedian, who is also starring in “Good Fortune,” has assembled the high-wattage cast of Seth Rogen and Keanu Reeves. Since the logline is being kept under wraps, it’s unclear who the actors are playing in the movie. The production has been greenlit and will start principal photography next month in Los Angeles. Around the same time, Lionsgate is launching sales in Cannes Film Festival.
Tribecafilm.com.Below is a full list of films that can be seen at the 2023 Tribeca Film Festival:U.S. NARRATIVE COMPETITION“BadThings” (United States) – World Premiere. A weekend getaway for a few girlfriends at a snowy resort becomes a psychological tailspin and bloody nightmare.
A musical stage adaptation of the hit 1992 Robert Zemeckis film Death Becomes Her will take another step in its development this week when Universal Theatrical Group hosts a private reading in New York City, with a starry cast of Broadway performers, including Megan Hilty, Jennifer Simard and Christopher Sieber, taking part.
Matteo Berrettini had a disappointing showing at the Miami Open this year, but it gave him time to rest up for his next tournament!
Jennifer Lopez is reminding fans to take care of themselves.
EXCLUSIVE: NBC is mining the sports memorabilia world for its latest mockumentary comedy series and has landed NBA legend Steph Curry to be on its team.
She’s a fan! Caterina Scorsone revealed what it’s like playing Dr. Amelia Shepard on Grey’s Anatomy — and why she’s team Kaimelia.
Abigail Zwerner, a Virginia teacher who was shot by a 6-year-old student earlier this year, is suing her school’s administrators for $40 million, claiming they failed to protect her against the violent child!
Reba McEntire's Hollywood Bowl performance on Saturday, with co-stars Steve Howey, Melissa Peterman, JoAnna Garcia Swisher, Christopher Rich and longtime director Will Mackenzie sharing a night out in support of their longtime pal. Peterman shared a series of photos and videos from their sweet gettogether, complete with a giant cardboard cutout of the singer's face and big smiles all around from the group. Howey, Peterman and Garcia Swisher even posed arm-in-arm with the «Fancy» singer for a backstage photo, but Howey told ET that McEntire shut down his idea for an on-stage reunion. «She shot me down,» he said on the red carpet of Sunday'sCMT Music Awards in Nashville, Tennessee.
Forever part of her world. Spencer Webb’s girlfriend, Kelly Kay, paid tribute to her late partner after welcoming their son.
Paddy McGuinness was back on This Morning with his usual chaotic energy which left Alison Hammond suggesting that she felt 'unwell'. The comedian and TV host was on the ITV daytime programme on Friday (March 31) to chat about his new Channel 4 show, Tempting Fortune.
Matteo Berrettini leads the way on a jog with Melissa Satta in Miami, Fla., on Tuesday afternoon (March 28).
It is an unusual move in a situation where most defendants would want to keep their heads down and mouths shut. Yet the legal team of actress Gwyneth Paltrow opted to take the unorthodox step of offering to “bring in treats” for courtroom staff during her trial in Utah – a day before she was due to testify. The Oscar-winning actress is facing charges of causing a skiing collision, which left a retired eye doctor, Terry Sanderson, concussed.
Love Island winners Kai Fagan and Sanam Harrinanan have shared some secrets from their time in the villa and even revealed which couple secretly got intimate. Kai, 24, and Sanam, also 24, revealed that runners-up Ron Hall and Lana Jenkins, both 25, did actually have sex while in the South African villa but Ron came up with a clever trick to not get caught by TV bosses.
They were the King and Queen of the villa and fans of Love Island UK season 9 are eager to know if Kai and Sanam are still together after winning £50,000 (around $61,000) for being the most genuine couple of the season.
Manori Ravindran Executive Editor of International Nearly a week after the Oscars, the hurt and disappointment of a missed opportunity still weighs heavily on the minds of some South Asian American dancers, who are setting out to ensure it never happens again. Many in the South Asian dance community were dismayed by the astonishing dearth of South Asian representation in the “Naatu Naatu” performance at Sunday’s Academy Awards. While singers Rahul Sipligunj and Kaala Bhairava were on hand to perform their hit tune from Tollywood smash “RRR” — which made history for India that night by winning best original song — they were joined on stage by not a single dancer of South Asian heritage.
Love Island stars Tom Clare and Samie Elishi have been getting to know each other outside of villa life - with one of their first stops being Tom’s football club.The star, 23, got special permission to temporarily leave his club Macclesfield FC, where he plays as a forward, mid-season in order to enter the South African villa.Two months later, Tom is now back on his home pitch, this time with his new love Samie, 23, by his side, as the couple test their relationship outside the confines of the ITV reality show.The pair took to Instagram to share photos and videos of their day as they sat in the stands and watched a training session. Tom took Samie on a tour of the grounds and they later posed for a sweet photo together, with Samie saying how much she’d loved seeing her beau at his day job.
Kai, also a member of the boyband EXO, has performed his new single ‘Rover’ live for the first time.The K-pop idol recently made an appearance on the South Korean music chart show M Countdown on the network Mnet. The performance was his first live performance of ‘Rover’, following the song and its accompanying mini-album’s release on March 13.For his M Countdown appearances, Kai performed on a stage that emulated the hair salon set from the song’s music video.