Welcome to our dedicated page for Lions Gate Entertainment news (Ticker: LGFA), a resource for investors and traders seeking the latest updates and insights on Lions Gate Entertainment stock.
Lionsgate (NYSE: LGF.A, LGF.B) is a premier entertainment company known for its global subscription platform, STARZ, and its leading motion picture and television studio operations. The company offers a comprehensive range of entertainment options for consumers worldwide through its extensive film, television, subscription, and location-based entertainment businesses.
Backed by a substantial 20,000-title library, Lionsgate boasts the largest independent collection of film and television franchises. Some of the company's notable productions include blockbuster franchises like The Hunger Games, John Wick, and The Twilight Saga, as well as critically acclaimed TV series such as Mad Men and Orange Is the New Black. The company is synonymous with bold and original storytelling that resonates with a global audience.
Recently, Lionsgate reported significant financial performance with first quarter 2023 revenue reaching $908.6 million. This included a record-breaking $896 million from its film and television library alone over the trailing 12 months. The company also ended the quarter with $323 million in available cash and a strong credit facility.
Reflecting its commitment to strategic growth, Lionsgate recently acquired global entertainment platform eOne from Hasbro, significantly expanding its library and television business. The company has also focused its STARZ operations on the U.S., U.K., and Canada, exiting the Latin American market to optimize resources.
Lionsgate's entrepreneurial culture and dedication to innovation position it as a digital age leader in the entertainment industry. This approach is evident in recent projects such as the collaboration with PhotoRoom on an AI-powered selfie generator for The Expendables franchise, and the planned separation of its Studio and STARZ businesses to create a standalone content powerhouse, Lionsgate Studios, which will trade on NASDAQ under the ticker symbol LION.
With upcoming releases like The Hunger Games: Sunrise on the Reaping set for 2026 and continued expansion in both its library and new content, Lionsgate remains a formidable force in global entertainment. The company's ability to adapt and thrive in a rapidly changing market underscores its commitment to delivering exceptional entertainment experiences to audiences everywhere.
Amagi has been chosen by Lionsgate as its global FAST (Free Ad-Supported Streaming Television) playout and delivery partner. This decision comes after rigorous testing of multiple vendors, highlighting Amagi's leadership in cloud-based SaaS technology for broadcast and Connected TV (CTV). The partnership will leverage Amagi's cloud technology to enhance Lionsgate's content delivery, allowing rapid channel launches and optimized content monetization. Lionsgate's extensive library, including titles like 'John Wick' and 'The Hunger Games,' will utilize Amagi's CLOUDPORT, PLANNER, THUNDERSTORM, and ADS PLUS platforms to manage and deliver multi-program and single IP channels efficiently. Amagi's infrastructure and expertise are expected to significantly support Lionsgate's expansion, setting a new industry standard for content studios.
Lionsgate announced it will adapt Suzanne Collins's upcoming novel 'Sunrise on the Reaping' into a major motion picture, marking the return of the Hunger Games franchise. The film, produced by Nina Jacobson and Brad Simpson, is slated for a theatrical release on November 20, 2026. Francis Lawrence, who directed four previous Hunger Games films, is in talks to direct. The novel will be published on March 18, 2025. The Hunger Games series has sold over 100 million copies in 54 languages and earned over $3.3 billion at the box office. The franchise also includes theme park attractions and live events globally.
Lionsgate and Lionsgate Studios reported their fourth quarter fiscal 2024 results, highlighting key financial figures and operational outcomes. The company achieved $1.1 billion in revenue but faced an operating loss of $60.9 million and a net loss of $39.5 million. Adjusted net income stood at $63.4 million.
Television segment profit rose by 83%, while the Film & Television Library earned a record $339 million in revenue. Lionsgate recorded $397 million in net cash flow for the year and $230 million in adjusted free cash flow. The Studio Business saw a 6.8% revenue increase, although the Motion Picture segment faced a 23% revenue drop. Media Networks' revenue declined by 7.1%, with a 28.4% drop in profit due to higher content amortization expenses.
Additionally, Lionsgate Studios became a separate publicly-traded entity on May 14, 2024. The company remains focused on completing the full separation of its studio and STARZ businesses by the end of the year.
Lionsgate (NYSE: LGF.A, LGF.B) and Lionsgate Studios (Nasdaq: LION) will announce their fourth quarter and full year earnings for fiscal 2024 on May 23, 2024, post-market close. The companies will also hold a conference call at 5:00 P.M. ET/2:00 P.M. PT on the same day to discuss the results. The financial outcomes of both companies will be covered in this call.
Lionsgate operates a comprehensive motion picture and television studio and the STARZ subscription platform, boasting a 20,000-title film and television library. It owns 87.2% of Lionsgate Studios, a standalone content company known for its diverse production and distribution services.
Lionsgate announced that Lionsgate Studios will launch on May 14, trading on NASDAQ under the symbol LION. This move makes Lionsgate Studios one of the world's largest standalone, publicly-traded content companies, raising $350 million from top investors. The transaction was facilitated by merging with Screaming Eagle Acquisition Corp, valuing Lionsgate Studios at $4.6 billion.
Lionsgate Studios will include the Motion Picture Group, Television Studio segments, and a library of over 20,000 titles, but excludes the STARZ platform. As a result, 87.2% of the shares will be held by Lionsgate, with the remaining 12.8% held by Screaming Eagle's shareholders and common equity investors. The full separation of Lionsgate and STARZ is expected by the end of 2024.
Stern Pinball, Inc., in collaboration with Lionsgate, has launched a new line of John Wick pinball games featuring the iconic hitman. The games offer film-inspired mechanical features, dynamic AI combat system, and artwork from the franchise. Players can experience high-speed chases, iconic locations, and an engaging gameplay featuring a new AI combat system. The games also include custom narration by Ian McShane, an original score by Charlie Benante, and artwork by Randy Martinez. to 1,000 games globally, the highly collectible Edition model offers a unique gaming experience with integrated lighting systems, mirrored backglass, high-definition cabinet decals, and exclusive pinball armor. The John Wick pinball games are available in Pro, Premium, and Edition models with pricing starting from $6,999.
Lionsgate announced an Exchange Agreement worth approximately $383 million in aggregate principal amount of 5.500% Senior Notes due 2029. The agreement aims to bolster the balance sheets of Lionsgate's Studio and STARZ Businesses in preparation for a full separation. The New Notes issued under the agreement will bear interest at a rate of 5.500% per year until the separation, following which they will be part of the Studio Business capital structure with an interest rate of 6.000% and maturity extended to 2030. The completion of the Exchange Agreement transactions is subject to certain closing conditions.
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