Cable / Telecom News

Lionsgate’s $4.4B acquisition of Starz will create “global content powerhouse”

SANTA MONICA, CA and ENGLEWOOD, CO – Lionsgate is buying the Starz cable network for $4.4B in a cash and stock deal that the companies say will establish “a global content powerhouse positioned to capitalize on growth opportunities worldwide”.Thursday’s announcement says that transaction, expected to close by year-end, significantly increases the combined company's content creation capabilities, enhances its leadership in premium scripted programming and scales its global distribution footprint across mobile, broadband, cable and satellite platforms.  It also paves the way for a range of new content partnerships and accelerates the growth of Lionsgate and Starz's own OTT services. To illustrate the...