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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.
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.
Lionsgate (NYSE: LGF.A, LGF.B) announced it will release its fourth quarter and full year financial results for fiscal 2022, which ended on March 31, 2022, after market close on May 26, 2022. Following this, senior management will host an analyst and investor conference call on the same day at 5:00 P.M. ET. Investors can access the live webcast on Lionsgate's corporate website or through a provided link for replay access. The company emphasizes its diverse entertainment portfolio, backed by a significant content library.
Lionsgate (NYSE: LGF.A, LGF.B) is set to release its third quarter fiscal year 2022 financial results on February 3, 2022, after market close. The announcement follows the quarter ending December 31, 2021. Senior management will host an analyst and investor conference call at 5:00 PM ET on the same day to discuss the results. Investors can access the live webcast through the company’s corporate website. This financial update is crucial for stakeholders looking to assess the company's performance amid evolving market conditions.
Lionsgate (NYSE: LGF.A, LGF.B) will report its financial results for Q2 FY2022, ending September 30, 2021, on November 4, 2021, after market close. The management will discuss the earnings in a conference call at 5:00 PM ET. Investors can access the live webcast on the company's investor relations website. Lionsgate combines STARZ's premium subscription services with its film and television studio operations, boasting a library of over 17,000 titles and a strong portfolio in independent media.
Lionsgate (NYSE: LGF.A, LGF.B) reported Q1 revenue of $901.2 million with an operating income of $20.3 million and a net loss of $45.4 million or $0.20 diluted EPS. Adjusted net income was $42.4 million or $0.18 adjusted diluted EPS. The Media Networks segment generated $382.3 million in revenue, with a 23% profit increase. However, the Motion Picture segment saw profits decline to $44.3 million, attributed to higher P&A spending. Despite challenges from COVID-related delays, global OTT subscribers grew 58% year-over-year to 16.7 million.
Lionsgate (NYSE: LGF.A, LGF.B) has acquired the majority of Spyglass Media Group's film library, encompassing around 200 titles, and formed a strategic partnership. This deal includes a 20% investment stake in Spyglass and a multiyear first-look television agreement. Notable titles acquired include Scream and The Upside, alongside classics like Fruitvale Station and Silver Linings Playbook. Lionsgate aims to enhance its content portfolio amid growing demand for premium content. CEO Jon Feltheimer emphasizes the deal's value for both companies.
Lionsgate (NYSE: LGF.A, LGF.B) reported its fourth quarter results for the period ending March 31, 2021, revealing revenue of $876.4 million, operating income of $14.3 million, and a net loss attributable to shareholders of $37.7 million ($0.17 per share). Fiscal 2021 revenue totaled $3.27 billion, with an annual net loss of $18.9 million ($0.09 per share) but adjusted net income was $205.6 million ($0.92 EPS). STARZ subscriber growth surged by 69% year-over-year, reaching 29.5 million, contributing to a record $780 million in library revenue.
Lionsgate and Twisted Pictures announced that Spiral: From The Book of Saw will debut on STARZ on October 8, 2021, exclusively in its first U.S. pay window. The horror film has topped the U.S. box office for two consecutive weeks and has contributed to the $1 billion global box office milestone of the Saw franchise. This rollout aligns with Lionsgate's new theatrical output agreement with STARZ, allowing the franchise to be available on the platform in time for Halloween.
On April 15, 2021, Lionsgate (NYSE: LGF.A, LGF.B) announced a long-term agreement with Craig Piligian, who becomes President of Lionsgate's nonfiction television business and continues as CEO and Chair of Pilgrim Media Group. Piligian will oversee the company's unscripted television operations, building on Pilgrim's successful track record of nearly 20 series, including "The Ultimate Surfer" and "Street Outlaws." This move aims to streamline operations and enhance collaboration in developing premium nonfiction content. Lionsgate's diverse library of 17,000 titles supports this initiative.
Lionsgate has announced a collaboration with Hulu to produce a documentary series based on The New York Times Magazine's acclaimed 'The 1619 Project.' Directed by Roger Ross Williams, the series aims to explore the legacy of slavery in America. Williams, the first African American director to win an Academy Award, will oversee the project alongside a skilled team, including Shoshana Guy as showrunner. This partnership includes notable figures like Oprah Winfrey and aims to create impactful content addressing systemic racism in the U.S.
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