According to The Hollywood Reporter, Starz finalized its separation from Lionsgate after eight years under the studio’s ownership. Both companies will now operate as independent companies after cementing the almost two-year ordeal to end their partnership. Starz plans to join Nasdaq as a public company.

Acquired in 2016, Starz soon became home to several popular franchises, heavily featuring women-centered stories and underrepresented voices. Some of its largest titles include the Power franchise, the period drama Outlander, the southern stripper soap P-Valley, and the upcoming The Hunting Wives.

In a statement, Starz CEO Jeffery Hirsch echoed plans to continue developing content focused on these audiences.

“Today marks an important milestone in our history as we unlock significant value as a standalone business and advance our position as the leading premium entertainment destination for women and underrepresented audiences,” Hirsch said via The Hollywood Reporter. “This separation comes at a pivotal time for the industry. Our strong balance sheet, compelling programming lineup and industry-leading tech stack will enable us to be nimble and capitalize on growth opportunities, while driving long-term success for our partners, audiences, employees and shareholders. We are thankful to Jon (Feltheimer) and the entire Lionsgate team for the past eight years of collaboration as well as for the ongoing partnership we’ll maintain, and I look forward to beginning this new chapter for Starz.”

According to The Hollywood Reporter, stakeholders overwhelmingly voted for the separation with a 99% majority. While the two companies will part ways, Lionsgate TV remains a producer for some of the network’s titles. Starz boasts 20M subscribers across linear and digital platforms in the U.S. and Canada and collects 70% of its revenue from digital platforms.

In the wake of Starz’s independence, other networks are opting to loosen their cable subsidiaries as the rise of streaming strains costs. Comcast and NBCUniversal recently released several cable networks into a separate company, now announced as Versant, via THR. Titles under this new umbrella included USA, news networks MSNBC and CNBC, and the pop-culture-fueled E!.