Lionsgate Studios Corp.

Prior to the Separation (defined below), Lionsgate Studios Corp. (formerly trading on the Nasdaq Stock Market under the ticker symbol LION) (“Legacy Lionsgate Studios”) was a subsidiary of Lions Gate Entertainment Corp. (formerly trading on the New York Stock Exchange under the ticker symbols LGF.A and LGF.B) (“Old Lionsgate Parent”), and included the company’s motion picture and television studio operations (collectively referred to as the “Studio Business”).

On May 6, 2025, pursuant to an arrangement agreement dated January 29, 2025, as amended on March 12, 2025, Old Lionsgate Parent completed the separation of its Studio Business from its STARZ-branded premium subscription platform (the “Starz Business”) through a series of transactions resulting in two separately traded public companies (the “Separation”): (1) a new Lionsgate Studios Corp. (trading on the New York Stock Exchange under the ticker symbol LION) (referred to in this proxy statement as the “Company,” “Lionsgate,” “we,” “us,” or “our”), which now holds, directly and through subsidiaries, the Studio Business, and (2) Old Lionsgate Parent, which was renamed Starz Entertainment Corp. (“Starz”) (trading on the Nasdaq Stock Market under the ticker symbol STRZ), which now holds, directly and through subsidiaries, the Starz Business.

Prior to the completion of the Separation, the Board of Directors of Old Lionsgate Parent consisted of 13 directors, which included Michael Burns, Mignon Clyburn, Gordon Crawford, Jon Feltheimer, Emily Fine, Michael T. Fries, John D. Harkey, Jr., Susan McCaw, Yvette Ostolaza, Mark H. Rachesky, M.D., Daryl Simm, Hardwick Simmons and Harry E. Sloan. Upon completion of the Separation, the Board of Directors of Lionsgate consisted of 10 directors, which included Gordon Crawford, Jon Feltheimer, Emily Fine, Michael T. Fries, John D. Harkey, Jr., Susan McCaw, Yvette Ostolaza, Mark H. Rachesky, M.D., Richard Rosenblatt and Harry E. Sloan. Currently, the Board of Directors of Lionsgate consists of 11 directors, including Gordon Crawford, Jon Feltheimer, Emily Fine, Michael T. Fries, John D. Harkey, Jr., Susan McCaw, Steven Mnuchin, Yvette Ostolaza, Mark H. Rachesky, M.D., Richard Rosenblatt and Harry E. Sloan.

Upon completion of the Separation, the executive officers and named executive officers of Old Lionsgate Parent became the executive officers and named executive officers of Lionsgate, respectively, and the information regarding executive compensation and related matters with respect to such executive officers for Old Lionsgate Parent’s fiscal year ended March 31, 2026 is set forth herein.

For fiscal 2026, compensation information reflects amounts paid to or earned by the Named Executive Officers (as defined herein) solely in respect of service to the Company following the completion of the Separation (i.e., for the period commencing May 7, 2025 through March 31, 2026), unless otherwise indicated.

For fiscal 2025 and fiscal 2024, compensation information reflects amounts paid to or earned by the Named Executive Officers in their capacities as executives of Old Lionsgate Parent prior to the completion of the Separation. Following the Separation, these executives continued in their respective roles with the Company.

Accordingly, unless otherwise noted herein, references in this proxy statement to:

Additional Note Regarding the Annual Meeting

The Company held its initial annual general and special meeting of shareholders following the Separation on March 17, 2026, with respect to the Company’s fiscal 2025. This Annual Meeting is the Company’s annual general and special meeting of shareholders for fiscal 2026.

Lionsgate Proxy Statement i