Lions Gate Entertainment completed the spin off of Studio and STARZ businesses.

Lions Gate Entertainment, an entertainment company, completed the spin off of Studio and STARZ businesses. Financial terms were not disclosed. "We began our journey 25 years ago as a new and different kind of studio, committed to bold, original content, agnostic to distribution platform, disciplined in our execution and powered by a deep library and an agile and entrepreneurial culture," Jon Feltheimer, Lionsgate CEO.