Forward-looking statements may be identified by words such as expect, anticipate, believe, intend, estimate, plan, target, goal, or similar expressions, or future or conditional verbs such as will, may, might, should, would, could, or similar variations.While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements including: the substantial investment of capital required to produce and market films and television series; increased costs for producing and marketing feature films and television series; budget overruns, limitations imposed by Lions Gate's or Starz's credit facilities and notes; unpredictability of the commercial success of Lions Gate's or Starz's motion pictures and television programming; risks related to Lions Gate's or Starz's acquisition and integration of acquired businesses; the effects of dispositions of businesses or assets, including individual films or libraries; the cost of defending Lions Gate's or Starz's intellectual property; technological changes and other trends affecting the entertainment industry; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the transaction; competitive responses to the transaction; the possibility that the anticipated benefits of the transaction are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; diversion of management's attention from ongoing business operations and opportunities;Lions Gate's ability to complete the integration of Starz successfully; litigation relating to the transaction; and other factors that may affect future results of Lions Gate and Starz.
The combined company will operate five over-the-top (OTT) streaming services and the Starz app delivering content directly to consumers.One of the largest independent television businesses in the world, Lionsgate's slate of premium quality series encompasses nearly 90 shows on more than 40 different networks. The company’s operations will be more deeply integrated with Lionsgate’s infrastructure, which will likely lead to staff cuts as overlapping functions are eliminated.The management transition comes amid questions of how Starz and Lionsgate can compete in the premium content arena, with talent costs skyrocketing and Netflix serving up unprecedented volumes of original content.Albrecht was a vital builder for Starz as the channel sought to shift to original series after years of largely serving up recent theatrical movies. Lionsgate on Thursday swung to a fiscal third-quarter loss on rising revenue, as the Hollywood studio drives into streaming saw its global subscriber base for Starz… 19 Lionsgate jobs including salaries, ratings, and reviews, posted by Lionsgate employees. Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Lions Gate has a market capitalization of about $3.3 billion and an enterprise value of $6.5 billion. "The companies noted that integration planning is substantially complete in a number of areas. He will exit after a four-week transition period.Starz will be led by Albrecht’s top lieutenants in business and content: chief operating officer Jeffrey Hirsch and programming president Carmi Zlotnik, who will report to Feltheimer.