---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-301842"
form_type: "8-K"
ticker: "STRZ"
cik: "0000929351"
company_name: "STARZ ENTERTAINMENT CORP /CN/"
filed_at: "2023-12-22T23:59:59+00:00"
generated_at: "2026-06-07T08:39:11.506689+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lionsgate to spin off Studio Business via $4.6B EV combination with Screaming Eagle SPAC

## Summary
- Lionsgate Studios valued at ~$4.6B enterprise value; will trade as a separate single-class stock.
- Deal expected to raise ~$350M gross ($175M PIPE led by top mutual funds; ~$175M from Screaming Eagle trust).
- Lionsgate retains 87.3% of Lionsgate Studios; Screaming Eagle public, founders, PIPE own ~12.7%.
- Net proceeds to enhance Lionsgate balance sheet and fund eOne acquisition (closing by year-end 2023).
- Closing expected spring 2024, subject to regulatory and Screaming Eagle shareholder/warrant holder approvals.

## SEC filing metadata
- accession: 0001193125-23-301842
- form_type: 8-K
- ticker: STRZ
- cik: 0000929351
- company_name: STARZ ENTERTAINMENT CORP /CN/
- filed_at: 2023-12-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/929351/000119312523301842/0001193125-23-301842-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/929351/000119312523301842/d640032d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-301842
- JSON: https://secwatch.observer/filing/0001193125-23-301842.json
- Plain text: https://secwatch.observer/filing/0001193125-23-301842.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.