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Lionsgate (NYSE: LGF.A, LGF.B) has launched the Shareholder Red Carpet Rewards program in collaboration with TiiCKER to enhance retail shareholder engagement. This innovative initiative offers verified shareholders collectible commemorative certificates, a 50% discount on STARZ streaming subscriptions, discounts on movie tickets, and exclusive giveaways for movie premieres. The program aims to foster loyalty among individual investors and provide direct communication with the company. This marks Lionsgate as the first major studio to utilize such a comprehensive rewards program for its retail shareholders.
Prime Video is set to launch The Continental, a prequel series to the successful John Wick franchise, in 2023, available exclusively to Prime Video members worldwide, excluding the U.S., Israel, and the Middle East. The series will follow a young Winston Scott, played by Colin Woodell, as he navigates the underworld of 1970s New York. Notable cast members include Mel Gibson and Ayomide Adegun. The John Wick films have collectively grossed nearly $600 million worldwide, underscoring the franchise's popularity. Lionsgate aims to expand its streaming offerings with this significant partnership.
Lionsgate reported Q2 revenue of $875.2 million and an operating loss of $1.75 billion for the quarter ended September 30, 2022. The net loss attributable to shareholders was $1.81 billion, or $7.95 diluted loss per share. Adjusted net loss was $28 million, with adjusted OIBDA at $47.4 million. The company incurred a $218.9 million restructuring charge due to the exit from seven LIONSGATE+ international territories. Despite these challenges, the film and television library generated $747 million in revenue over the past year and streaming subscribers increased by 52%.
Lionsgate (NYSE: LGF.A, LGF.B) has partnered with Autograph and Internet Game to launch immersive SAW-themed gaming experiences. Starting October 31, players can buy SAW Games Passes on GameStop NFT, Magic Eden, and Internet Game, granting access to three mini-games and the chance to win exclusive NFT prizes. Top rewards include on-set film tours and blue chip NFTs. The collaboration aligns with the upcoming release of the latest SAW film on October 27, 2023, aiming to engage a broader audience while expanding the franchise into interactive gaming.
Lionsgate (NYSE: LGF.A, LGF.B) will announce its fiscal 2023 second-quarter financial results on November 3, 2022, after market close. The company will hold an investor conference call at 6:00 PM ET to discuss these results. The earnings report will cover key metrics such as revenue and earnings per share (EPS) for the quarter ending September 30, 2022. Investors can access the live webcast on the company's corporate website, with a replay available shortly after the call.
STARZ is rebranding its international streaming service, STARZPLAY, to LIONSGATE+ in 35 countries as of September 29. This change includes a new brand look and graphics package, enhancing the service's identity internationally. The rebrand aims to strengthen the brand equity of Lionsgate amid a competitive market. LIONSGATE+ subscribers will have access to premium content, including exclusive original series. The service now operates in 63 countries since its 2018 launch and aims to continue providing bold, curated storytelling as LIONSGATE+.
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.
VIZIO (NYSE: VZIO) has announced the availability of the STARZ app on its Smart TVs, expanding entertainment options for millions of users. This addition allows access to a vast library of content, including original series like Power and P-Valley, and popular films such as Spider-Man: No Way Home. VIZIO continues to enhance its platform with leading streaming services, promoting a user-friendly experience.
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.
Lionsgate (NYSE: LGF.A, LGF.B) will release its financial results for the first quarter of fiscal 2023, ending June 30, 2022, after market close on August 4, 2022. An analyst and investor conference call to discuss these results will be held at 6:00 PM ET on the same day. Interested parties can join the live webcast or access the full replay through Lionsgate's corporate website. The company is known for its diverse portfolio in film and television, driven by a commitment to innovation and original content.