Lionsgate Completes Spinoff of Starz

Starz and Lionsgate are now stand-alone, publicly traded companies. The separation of Lionsgate's studios business from its pay-TV unit was approved by Lionsgate shareholders at a special meeting April 23, Lionsgate said Wednesday. Starz said it started trading Wednesday on Nasdaq under the ticker symbol STRZ. Lionsgate's New York Stock Exchange ticker symbol is LION.