Starz to lay off more than 10% of employees ahead of Lionsgate spinoff
Publishing timestamp: 2023-11-03 13:36:02
Summary
Starz, a premium network and streaming service, is laying off more than 10% of its employees and exiting the UK. The company will separate from Lionsgate's studio in the first quarter and become its own publicly traded company. The CEO cited the need to align the organization with growth areas and prepare for the next chapter as a standalone company.
Sentiment: NEGATIVE
Keywords: technology, business news, lions gate entertainment corp, media, entertainment, breaking news: business, paramount global,
Source: https://www.cnbc.com/2023/11/03/starz-to-lay-off-more-than-10percent-of-employees.html