Welcome to our dedicated page for Lions Gate Entertainment news (Ticker: LGF.A), a resource for investors and traders seeking the latest updates and insights on Lions Gate Entertainment stock.
Lions Gate Entertainment Corp (LGF.A) drives global entertainment through iconic film franchises and award-winning television programming. This news hub provides investors and industry professionals with official updates directly from the studio behind The Hunger Games and Mad Men.
Track comprehensive coverage of corporate developments including film slate announcements, television production deals, and strategic business moves. Our curated feed features earnings reports, acquisition updates like the recent eOne purchase, and insights into Lions Gate's expanding digital distribution network.
Discover timely information about the company's planned separation into two publicly traded entities and monitor its leadership in home entertainment markets. Bookmark this page for verified updates on Lions Gate's partnerships, content licensing agreements, and box office performance across international markets.
Hard Rock International has partnered with Lionsgate to promote John Wick: Chapter 4 through exclusive experiences from March 15 to April 30. Guests at Hard Rock Hotels and Cafes will enjoy themed culinary innovations, custom-tailored suit giveaways, and immersive events that celebrate the franchise. Notable offerings include luxury cocktails, a gamified experience at the Continental Hotel, and Canine Concierge services in honor of the series' beloved dog characters. This partnership aligns with Hard Rock's strategy to enhance guest experiences, leveraging the popularity of the John Wick franchise.
The third quarter results for Lionsgate (NYSE: LGF.A, LGF.B) showcased significant financial performance, with revenue hitting $1.0 billion and a net income of $16.6 million or $0.07 diluted EPS. Adjusted net income reached $59.3 million or $0.26 adjusted diluted EPS, while adjusted OIBDA stood at $167.8 million. The company's film and television library revenue soared to a record $845 million for the trailing 12 months. Despite strong performance, the Media Networks segment faced a slight revenue drop to $380.3 million due to lower domestic linear revenue, yet profits increased significantly. Cash available at quarter-end was $425 million. Management remains optimistic about future performance.
Lionsgate (NYSE: LGF.A, LGF.B) is set to release its fiscal 2023 third-quarter financial results on February 9, 2023, after market close. The conference call will occur at 5:00 P.M. ET, allowing analysts and investors to discuss the results. Lionsgate delivers a diverse range of entertainment through its motion picture and television studio operations, alongside its STARZ subscription platform, backed by a library of 17,000 titles.
Lionsgate (NYSE: LGF.A, LGF.B) has chosen Ateliere Creative Technologies' Ateliere Connect™ platform to manage its extensive library of over 17,000 film and TV titles. This partnership aims to enhance Lionsgate's digital supply chain management and streamline content onboarding and licensing, crucial for meeting increasing consumer demands in the streaming market. The integration with Amazon Web Services (AWS) will provide a scalable infrastructure to support efficient media management. Both executives from Ateliere and Lionsgate emphasized the critical role of this technology in adapting to the evolving media landscape and maximizing budgetary efficiencies.
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