Lionsgate CEO Jon Feltheimer said the company is planning to unveil its plans for Starz by the late summer and close a deal by next spring as the process to monetize the premium channel and streame…
, acquired Starz for $4.4 billion in 2016. It announced last fall it was exploring strategic options for the cable network and streamer that has been growing fast in streaming under Jeff Hirsch but failed to provide a bump for its parent, which calculated that selling all or a part of the asset could unlock value.
“Although streaming is not an end in itself, it is a very efficient way to bring content to our customers worldwide,” Feltheimer said.
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