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entertainment27m ago
Lionsgate Shrinks Quarterly Loss After Starz Spin Off
Hollywoodreporter.com and 1 more
- Lionsgate posts a smaller quarterly loss of $113.5 million as it spins off Starz and appetite for growth remains intact.
- Motion Picture revenue drops to $276.4 million but profit climbs to $30.5 million as two wide releases contrasted with five year-ago.
- TV production revenue falls to $198.7 million due to timing of episodic deliveries, some pushed to H2.
- CEO Feltheimer says Lionsgate is primed for growth with a replenished film slate and renewed TV pipelines.
- Lionsgate notes $1 billion in trailing 12-month library revenue, a company record.
- Michael biopic production progress highlighted as potential two-film expansion is discussed by execs.
- Analysts note the post-earnings stock movement and the strategic spin-off path as key context.
- Lionsgate signals continued production on The Hunger Games and Resurrection titles.
- Lionsgate confirms after-spinoff strategy aims to leverage a large IP library for growth.
- Two-part release strategy consideration for Michael is discussed by executives.
- Lionsgate's overall quarterly results reflect a transition period post-Starz spin-off and strategy shift.
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