Lionsgate
The Library Books
How does that work? It's complicated, but sometimes you have to break up to make big money.
When no one wanted Starz, Lionsgate the holding company focused on selling Lionsgate the studio. However, analysts see another opportunity.
The 10 percent staff reduction was Step 1 in efforts to separate Starz from the film studio.
Derek Kolstad is writing and producing the film based on the classic Sega video game.
The prequel series stood to be "7-8x" more valuable for shareholders by selling it, Starz CEO Jeff Hirsh said.
"We have been fielding proposals. We certainly are interested in moving that forward," CEO Jon Feltheimer said during Thursday's earnings call.
Remember when companies used to make money?
Epix is becoming MGM+ and STARZPLAY is becoming Lionsgate+. And now Lionsgate says it may spin off its studio instead of selling Starz.
The long-awaited origin story of the hotel for assassins in the popular action franchise, the most lucrative product from Lionsgate, will land at Peacock next year.
"Outlander" and "Power" make Starz a demographic superpower and a new partner means that Lionsgate stands to benefit.
Studios and exhibitors agree: The film industry can't live on tentpoles alone.
The studio's upcoming slate also includes "The Hunger Games: Ballad of Songbirds and Snakes" and "Dirty Dancing 2."
