Lions Gate Expects to Break Up Studio and Starz by September

Lions Gate Entertainment Corp. said it expects to separate its movie studio and Starz network by September, about two years after it first said it was considering a breakup.

The Santa Monica, California-based company, known for film franchises including Hunger Games and John Wick, will file for the split in March, Vice Chairman Michael Burns said at an RBC Capital Markets conference in New York on Tuesday. He and other Lions Gate executives have long argued that Wall Street is undervaluing the company in its current structure.

The separation has taken longer than expected. Lions Gate said in May ...