SANTA
MONICA, Calif. and VANCOUVER,
BC, April 17, 2025 /PRNewswire/ -- Lions Gate
Entertainment Corp. (NYSE: LGF.A, LGF.B) ("Lionsgate") and
Lionsgate Studios Corp. (Nasdaq: LION) ("Lionsgate Studios") today
reminded shareholders to vote at the upcoming annual general and
special meeting of shareholders of Lionsgate and special meeting of
shareholders of Lionsgate Studios (the "Meetings"). The revised
proxy materials are available on the SEC's website at
www.sec.gov.
Lionsgate and Lionsgate Studios are seeking shareholder approval
to, among other things, effect the separation of the businesses of
Lionsgate Studios, which encompasses the motion picture and
television studio operations, from the other businesses of
Lionsgate, including the STARZ-branded premium subscription
platforms.
Lionsgate and Lionsgate Studios will hold the Meetings on
April 23, 2025. Shareholders of
record of Lionsgate and Lionsgate Studios as of at 5:30 p.m. (Eastern Time) on March 12, 2025 are entitled to vote at the
Meetings in accordance with the joint proxy statement/prospectus.
The board of directors for each of Lionsgate and Lionsgate Studios
strongly recommend that shareholders vote "FOR" each of the
proposals presented at the Meetings.
In addition, Lionsgate and Lionsgate Studios today announced the
filing of a supplement to the joint proxy statement/prospectus,
dated March 14, 2025, in connection
with the Meetings.
If you need assistance in voting your shares or have
questions regarding the Meetings, please contact Lionsgate's and
Lionsgate Studios' proxy solicitor, MacKenzie Partners, Inc., at
(800) 322-2885 (toll-free) or (212) 929-5500 (collect), or by email
at lionsgate@mackenziepartners.com, if you are a shareholder of
Lionsgate, or lgstudios@mackenziepartners.com, if you are a
shareholder of Lionsgate Studios.
Additional Information and Where to Find It
This
communication is being made in respect of the Transactions
described in the Registration Statement on Form S-4 involving
Lionsgate, Lionsgate Studios and Lionsgate Studios Holding Corp
("New Lionsgate"). In connection with the Transactions, Lionsgate
filed with the SEC a Registration Statement on Form S-4 on
March 13, 2025 and a Proxy Statement
on March 14, 2025. Promptly after
filing its Proxy Statement with the SEC, Lionsgate and Lionsgate
Studios mailed the Proxy Statement and a proxy card to each
shareholder of Lionsgate entitled to vote at the Meetings relating
to the Transactions. This communication is not a substitute for the
Proxy Statement or any other document that Lionsgate and Lionsgate
Studios has filed or may file with the SEC or send to its
shareholders in connection with the Transactions. INVESTORS,
SECURITY HOLDERS AND OTHER INTERESTED PERSONS ARE URGED TO READ THE
PROXY STATEMENT AND OTHER RELEVANT MATERIALS BEFORE MAKING ANY
VOTING OR INVESTMENT DECISION WITH RESPECT TO THE TRANSACTIONS
BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT LIONSGATE,
LIONSGATE STUDIOS AND THE TRANSACTIONS. The materials filed by
Lionsgate and Lionsgate Studios are available to Lionsgate's
investors and shareholders at no expense to them and copies may be
obtained free of charge by directing a request to Lionsgate at 2700
Colorado Avenue, Santa Monica, CA
90404, Attention: Investor Relations or at tel: (310) 449-9200. In
addition, all of those materials are available at no charge on the
SEC's website at www.sec.gov and on SEDAR+ at
www.sedarplus.ca.
Participants in the Solicitation
Lionsgate, Lionsgate
Studios and certain of their directors, executive officers and
other members of management and employees may be deemed to be
participants in the solicitation of proxies from its shareholders
in connection with the Transactions. Information regarding the
persons who may, under the rules of the SEC, be considered to be
participants in the solicitation of Lionsgate's and Lionsgate
Studios' shareholders in connection with the Transactions is set
forth in the Proxy Statement. Additional information regarding
these individuals and any direct or indirect interests they may
have in the Transactions is set forth in the Proxy Statement and
other relevant documents that are filed or will be filed with the
SEC in connection with the Transactions. You may obtain free copies
of these documents using the sources indicated above.
Additional information regarding the interests of such
individuals in the Transactions are included in the Proxy
Statement. These documents may be obtained free of charge at the
SEC's website at www.sec.gov.
No Offer or Solicitation
This communication does not
constitute (i) a solicitation of a proxy, consent or authorization
with respect to any securities or in respect of the Transactions or
(ii) an offer to sell, a solicitation of an offer to buy, or a
recommendation to purchase, any securities of Lionsgate, Lionsgate
Studios or New Lionsgate. No offering of securities shall be made
except by means of a prospectus meeting the requirements of Section
10 of the Securities Act of 1933, as amended, or an exemption
therefrom, nor shall any sale of securities in any states or
jurisdictions in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction be affected. No securities
commission or securities regulatory authority in the United States or any other jurisdiction
has in any way passed upon the merits of the business combination
or the accuracy or adequacy of this communication.
Forward-Looking Statements
The matters discussed in
this communication include forward-looking statements. Such
statements are subject to a number of risks and uncertainties.
Actual results in the future could differ materially and adversely
from those described in the forward-looking statements as a result
of various important factors, including, but not limited to:
changes in our business strategy; the substantial investment of
capital required to produce and market films and television series;
budget overruns; limitations imposed by our credit facilities and
notes; unpredictability of the commercial success of our motion
pictures and television programming; risks related to acquisition
and integration of acquired businesses; the effects of dispositions
of businesses or assets, including individual films or libraries;
the cost of defending our intellectual property; technological
changes and other trends affecting the entertainment industry;
potential adverse reactions or changes to business or employee
relationships; weakness in the global economy and financial
markets, including a recession and past and future bank failures;
wars, terrorism and multiple international conflicts that could
cause significant economic disruption and political and social
instability; labor disruptions and strikes; the inability of the
parties to successfully or timely consummate the Transactions,
including the approval of the requisite equity holders of Lionsgate
and Lionsgate Studios is not obtained; the inability to receive
court approval of the proposed plan of arrangement in connection
with the Transactions; the occurrence of any event, change or other
circumstances that could give rise to the termination of the
definitive agreements relating to the Transactions; failure to
realize the anticipated benefits of the Transactions; the ability
to recognize the anticipated benefits of the Transactions; the
effect of the announcement or pendency of the Transactions on
Lionsgate's or Lionsgate Studios' ability to retain key personnel
and to maintain relationships with business partners; risks
relating to potential diversion of management attention from
Lionsgate's and Lionsgate Studios' ongoing business operations;
negative effects of this announcement or the consummation of the
Transactions on the market price of Lionsgate's or Lionsgate
Studios' applicable equity securities and/or operating results;
transaction costs associated with the Transactions; and the other
risk factors set forth in Lionsgate's and Lionsgate Studios' most
recent Quarterly Reports Form 10-Q and Annual Report on Form 10-K,
and the risk factors that are set forth in the S-4. Neither of
Lionsgate nor Lionsgate Studios undertakes any obligation to
publicly release the result of any revisions to these
forward-looking statements that may be made to reflect any future
events or circumstances.
About Lionsgate Studios
Lionsgate Studios (Nasdaq: LION) is one of the world's leading
standalone, pure play, publicly-traded content companies. It brings
together diversified motion picture and television production and
distribution businesses, a world-class portfolio of valuable brands
and franchises, a talent management and production powerhouse and a
more than 20,000-title film and television library, all driven by
Lionsgate's bold and entrepreneurial culture.
About Lionsgate
Lionsgate (NYSE: LGF.A, LGF.B) owns approximately 87% of the
outstanding shares of Lionsgate Studios Corp. (Nasdaq: LION), one
of the world's leading standalone, pure play, publicly-traded
content companies, as well as the premium subscription platform
STARZ.
For investor inquiries, please contact:
Nilay Shah
nshah@lionsgate.com
310-255-3651
For media inquiries, please contact:
Laurel Pecchia
lpecchia@lionsgate.com
310-255-5114
View original content to download
multimedia:https://www.prnewswire.com/news-releases/lionsgate-and-lionsgate-studios-remind-shareholders-to-vote-at-the-upcoming-meetings-and-announce-proxy-supplement-302431856.html
SOURCE Lionsgate; Lionsgate Studios
