Welcome to our dedicated page for LGF news (Ticker: LGF), a resource for investors and traders seeking the latest updates and insights on LGF stock.
The LGF news page on Stock Titan aggregates company communications and related coverage for Lions Gate Entertainment Corp., whose shares trade as LGF.A and LGF.B on the New York Stock Exchange. Recent press releases link Lionsgate to Lionsgate Studios Corp., a standalone, pure play, publicly traded content company focused on motion picture and television production and distribution, and to the STARZ-branded premium subscription platform.
News items for the LGF symbols include consolidated financial results for Lions Gate Entertainment Corp., where revenue, operating income or loss, net income or loss attributable to shareholders, adjusted net income and adjusted OIBDA are reported. These releases often highlight trailing 12‑month library revenue associated with a large film and television library, and discuss performance drivers such as episodic television deliveries, licensing of library content, and the performance of motion picture releases.
Another key category of news concerns corporate transactions and governance. Press releases describe the proposed and completed separation of the Studio Business from the Starz Business into two independent, publicly traded companies through a plan of arrangement under the Business Corporations Act (British Columbia). Coverage includes announcements of shareholder meeting dates, proxy materials, court approvals, and the commencement of trading of the studio-focused company under the ticker symbol LION.
Investors following LGF-related news can also see updates about analyst and investor conference calls, where Lionsgate and Lionsgate Studios senior management discuss quarterly and annual results, as well as supplemental information on segment performance for Motion Picture, Television Production and Media Networks. By reviewing this news flow in one place, users can monitor how Lionsgate’s ownership of Lionsgate Studios Corp. and the STARZ premium subscription platform is reflected in its communications, financial reporting and corporate actions.
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.
Great Point Studios and NJPAC announce a partnership with Lionsgate (NYSE: LGF.A, LGF.B) to establish a new film and television production facility in Newark, New Jersey. The studio will cover 12 acres, be the first of its kind in NJ, and is expected to generate over $800M annually for the local economy, creating more than 600 long-term jobs. Expected to begin operations in late 2024, the facility aims to enhance Newark’s film industry, supported by local government incentives and community engagement.
