In an SEC filing, LionsGate announced that their Board of Directors have authorized their management team to explore "potential capital markets alternatives", such as selling or spinning off its Starz division.
Starz is the broadcast home of professional wrestling drama Heels, which has been renewed for a second season.
If you enjoy PWInsider.com you can check out the AD-FREE PWInsider Elite section, which features exclusive audio updates, news, our critically acclaimed podcasts, interviews and more by clicking here!