Lionsgate and Skydance Media Form Global Television Distribution Pact
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B. Riley Reiterates Buy on Lionsgate (LGF) Following Reports of Advanced Talks to Complete a Starz (STRZA) Merger
October 6, 2015 9:12 AM EDTB. Riley reiterated a Buy rating and $45.00 price target on Lions Gate (NYSE: LGF) following an LA Times report that Lionsgate Entertainment and Starz (NASDAQ: STRZA) were in advanced talks to complete a merger.
Analyst Eric Wold commented, "After the close Monday, the LA Times reported that Lionsgate Entertainment and Starz (STRZA; N/R) were in advanced talks to complete a merger which... More
Lionsgate (LGF), Skydance Enter Global TV Distribution Agreement
October 5, 2015 8:09 AM EDTLionsgate (NYSE: LGF) and Skydance announced that the two companies have formed a global television distribution pact. The launch of newly-created label Skydance International, which will feature Skydance Media's current and emerging premium television properties around the world following their initial U.S. broadcast, augments Lionsgate's worldwide distribution pipeline and permits the two companies to tap opportunities across the global television marketplace. Lionsgate currently distributes nearly 2,000 hours of television programming annually around the world.
The global distribution pact will encompass programming led by Skydance's Emmy-nominated television series Grace and Frankie and critically-acclaimed drama... More
