Lions Gate Entertainment Corp. Stock Price, News & Analysis

MOTIONGATE™ Dubai will start 2021 with major launches in the Lionsgate Zone, featuring two unique rides based on popular franchises: John Wick and Now You See Me. The John Wick: Open Contract coaster is the first of its kind in a theme park and delivers a thrilling 2.8 G-force, while the Now You See Me: High Roller is the world's fastest single-car spinning coaster. This expansion will establish the park as the Middle East leader in roller coasters, aiming to attract more visitors and enhance guest experiences.

Lionsgate (NYSE: LGF.A, LGF.B) announced it will release its financial results for the second quarter of fiscal year 2021 on November 5, 2020, after market close. An analyst and investor conference call will take place the same day at 5:00 PM ET to discuss these results. This upcoming earnings report is crucial for investors to assess Lionsgate's performance amidst its expansive entertainment ventures, including a vast library of 17,000 titles and the STARZ subscription platform.

On September 29, 2020, Rachel Bendavid was appointed Head of Scripted Programming for the Lionsgate and BBC Studios partnership in Los Angeles. This collaboration aims to co-develop and co-fund scripted formats for the U.S. market. Bendavid, who previously oversaw popular series at ABC and FOX, will lead content initiatives for the partnership. Within a year of its inception, the partnership has secured pilot orders for U.S. adaptations of BBC hits such as 'This Country' and 'Ghosts'. Lionsgate aims to enhance its programming pipeline through this strategic move.

Starz, a Lionsgate company (NYSE: LGF.A, LGF.B), announced a record-breaking performance following the premiere of "Power Book II: Ghost." The STARZ App saw a 91% increase in minutes watched and a 31% rise in subscribers viewing. The launch led to a 42% increase in new sign-ups and surpassed previous viewership metrics, achieving 36% higher engagement than the original "Power" series. The series topped ratings in multiple markets, including the UK and Germany. As of the last quarter, Starz had 7.4 million OTT subscribers domestically.

Lionsgate (NYSE: LGF.A, LGF.B) announced that the highly anticipated film Antebellum, starring Janelle Monáe, will premiere as a Premium On-Demand release on September 18, 2020. The film will also be released in select international theaters. Chairman Joe Drake highlighted the film's timely themes and the studio's adaptability in distribution strategies during current events. The filmmakers aim to reach a broad audience while addressing systemic racism. The movie's premise revolves around an author confronting a horrifying reality.

Lionsgate reported revenue of $813.7 million and net income of $51.1 million for Q1 FY2021. Fully diluted EPS stood at $0.23. Adjusted net income was $86.1 million, with adjusted EPS of $0.39. Library revenue reached a record $219.0 million, fueled by demand and syndication of Mad Men. Media Networks segment profit rose 18.5% to $71.8 million, while Motion Picture segment revenue fell 29.4% to $280.7 million due to COVID-19 impacts. Starz OTT subscribers grew to 7.4 million, increasing total global OTT subscribers to 11.4 million.

Lionsgate (NYSE: LGF.A, LGF.B) will release its financial results for Q1 of fiscal year 2021, ending June 30, 2020, after market close on August 6, 2020. Senior management will host an analyst and investor conference call at 5:00 PM ET to discuss the results. Interested parties can access the live webcast on the Lionsgate corporate website. The company is recognized as a global content leader, with a diverse portfolio of film, television, and digital products supported by a vast library of nearly 17,000 titles.