Spin-off - Liberty 77 Capital L.P.

Form Type: SCHEDULE 13D

Filing Date: 2025-05-12

Corporate Action: Spin-off

Type: New

Accession Number: 000095014225001330

Filing Summary: Liberty 77 Capital L.P. and affiliated entities, collectively referred to as the Reporting Persons, filed this Schedule 13D regarding their ownership of common shares in Lionsgate Studios Corp., following the separation of the motion picture and television studio operations (referred to as the LG Studios Business) from Lions Gate Entertainment Corp. (LGEC). This spin-off resulted in the Reporting Persons receiving common shares, indicating their prior beneficial ownership in LGEC. The Reporting Persons intend to continue evaluating their investment and may adjust their holdings based on the issuer’s performance, market conditions, and other economic factors. They may also engage in discussions with management or board members of the Issuer regarding strategies and proposals concerning the Issuer's operations. The total expected shares post-separation is indicated as 285,496,005. The filing reflects their commitment to manage and review their investments actively, engaging in potential transactions as they deem necessary.