June 28, 2023FilmTakeComments Off on The Never-Ending Story: Lionsgate’s Financial Maneuvers and the Fate of Starz
The much-delayed spinoff of Starz was initially sold to investors as a way to unlock value by selling all or most of Starz but has now morphed into a way to separate and sell Lionsgate. The details remain murky after nearly two years of delays.
Lionsgate is said to be in talks to split its film and television production business from its recently acquired premium-channel Starz into separate companies.
During the second quarter, DirecTV’s traditional satellite service lost 778,000 subscribers and its streaming service DirecTV Now lost 168,000 accounts.
The timing of the anonymous leak that CBS was prepared to pay Lionsgate $5 billion for Starz, raises serious questions about possible market manipulation.
After years of internal divisions, family squabbles, lawsuits, and sexual harassment investigations, Viacom and CBS are starting to resemble real companies again.
When AT&T acquired DirecTV for $48.5 billion, they had big plans for mobile streaming. The FCC thinks DirecTV Now service “may obstruct competition and…”