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Lionsgate (NYSE: LGF.A, LGF.B) is a prominent global entertainment company encompassing world-class motion picture and television studio operations, aligned with the STARZ premium global subscription platform to deliver a diverse array of entertainment content to audiences worldwide. With a robust 18,000-title library and a collection of iconic film and television franchises, Lionsgate is driven by an entrepreneurial culture and a commitment to innovation.
Founded in 1997, Lionsgate has become synonymous with bold, original, and relatable entertainment. The company's operations span across various segments, including motion picture production and distribution, television production and syndication, and media networks.
Motion Picture Segment: This segment focuses on the development, production, and worldwide distribution of feature films. Recent highlights include the successful release of John Wick: Chapter Four and the highly anticipated upcoming release of The Hunger Games: The Ballad of Songbirds & Snakes. Lionsgate also boasts a strong library performance, contributing to consistent revenue growth.
Television Production Segment: Lionsgate's television production arm develops and produces content for various platforms, including network, cable, and streaming services. Notable productions include the hit series Yellowjackets and the long-running franchise The Rookie. The segment also saw significant contributions from John Wick prequel series The Continental.
Media Networks Segment: This segment consists of STARZ, a premium subscription video service available through various platforms, including OTT and traditional cable. STARZ+ international service, LIONSGATE+, has also shown substantial growth. The segment recently underwent restructuring to focus on profitable markets, exiting the U.K. and Latin American regions.
Lionsgate has recently announced the acquisition of eOne from Hasbro, adding 6,500 film and television titles to its already extensive library. This acquisition strengthens Lionsgate's scripted and unscripted television businesses and extends its footprint in Canada and the UK.
Financially, Lionsgate reported revenue of $975.1 million for the third quarter ended December 31, 2023, with an adjusted OIBDA of $150.9 million. Despite facing challenges due to labor strikes and episodic delivery impacts, the company continues to show resilience and commitment to delivering high-quality content.
Lionsgate's strategic initiatives include the upcoming spin-off of its studio business into Lionsgate Studios, which will be a standalone publicly-traded entity focusing on content production and distribution. This move is expected to unlock significant value for shareholders and position the company for future growth.
For more information, visit the Lionsgate Investor Relations website.
Lionsgate (NYSE: LGF.A, LGF.B) and Peacock announced a multi-year deal for The Continental, a three-part special event series based on the John Wick franchise, premiering exclusively on Peacock in 2023. The series will delve into the origin story of the Continental Hotel, central to the John Wick Universe. The John Wick films have grossed nearly $600 million globally, with each installation surpassing its predecessor. The partnership aims to leverage the franchise's massive fan base and NBCUniversal's capabilities to create a highly anticipated streaming event.
Lionsgate reported first quarter revenue of $893.9 million, an operating loss of $68.2 million, and a net loss of $119.0 million or $0.53 diluted net loss per share. Despite these losses, global streaming subscribers surged 57% year-over-year, reaching 26.3 million, while overall global subscribers grew to 37.3 million. Revenue from the film and television library stood at $749 million for the trailing 12 months. The Studio Business segment saw a 5% increase in revenue to $711.1 million, driven by growth in Television Production.
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