Lionsgate's TV and Studios Arms Are Now Separate Companies

Lionsgate has officially spun off its motion picture group and TV studio segments and film and TV library, creating Lionsgate Studios, it said Monday. The spinoff was enabled by Lionsgate Studios' business combination earlier this month with Screaming Eagle Acquisition Corp., a special purpose acquisition company. Lionsgate said the transaction is part of its larger plan to separate its studio and Starz businesses.