Welcome to our dedicated page for Lions Gate Entertainment Class B Non-Voting Shares news (Ticker: LGF.B), a resource for investors and traders seeking the latest updates and insights on Lions Gate Entertainment Class B Non-Voting Shares stock.
Lions Gate Entertainment Corporation (LGF.B) remains a leader in global entertainment through its Motion Picture, Television Production, and Media Networks segments. This dedicated news hub provides investors with essential updates on the company's planned separation into distinct studio and streaming entities, strategic partnerships, and content development initiatives.
Access timely press releases regarding SEC filings, board decisions, and operational milestones across all business units. Our curated collection features official announcements about corporate restructuring progress, Starz platform developments, and financial performance updates. Key focus areas include regulatory approvals, shareholder communications, and leadership updates impacting both future independent entities.
Bookmark this page for verified information on Lionsgate's transformation journey, including details about the proposed Studio Business spinoff and ongoing Starz Business operations. Check regularly for new filings, partnership announcements, and strategic updates directly from corporate sources.
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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