Lions Gate Entertainment Corp. Class B Non-Voting Shares Stock Price, News & Analysis

Lionsgate (NYSE: LGF.A, LGF.B) reported Q1 revenue of $901.2 million with an operating income of $20.3 million and a net loss of $45.4 million or $0.20 diluted EPS. Adjusted net income was $42.4 million or $0.18 adjusted diluted EPS. The Media Networks segment generated $382.3 million in revenue, with a 23% profit increase. However, the Motion Picture segment saw profits decline to $44.3 million, attributed to higher P&A spending. Despite challenges from COVID-related delays, global OTT subscribers grew 58% year-over-year to 16.7 million.

Autograph, co-founded by Tom Brady, announces strategic partnerships with DraftKings (DKNG) and Lionsgate (LGF.A, LGF.B) to enhance its NFT platform. This collaboration features exclusive NFT deals with sports icons like Tiger Woods and Wayne Gretzky, aiming to establish Autograph as a leader in the NFT market. DraftKings Marketplace will host these collectibles, enabling users to buy, sell, and trade easily. Lionsgate will launch NFTs tied to popular franchises, expanding Autograph's entertainment offerings. The official NFT launch is set for later this summer.

Lionsgate (NYSE: LGF.A, LGF.B) will announce its first-quarter fiscal year 2022 financial results for the period ending June 30, 2021, after market close on August 5, 2021. The company's senior management will hold an analyst and investor conference call on the same day at 5:00 P.M. ET to discuss the results. Investors can access a live webcast on the company's corporate website. Lionsgate offers a diverse portfolio combining STARZ subscription services with film and television studio operations, backed by a library of 17,000 titles.

Lionsgate (NYSE: LGF.A, LGF.B) has acquired the majority of Spyglass Media Group's film library, encompassing around 200 titles, and formed a strategic partnership. This deal includes a 20% investment stake in Spyglass and a multiyear first-look television agreement. Notable titles acquired include Scream and The Upside, alongside classics like Fruitvale Station and Silver Linings Playbook. Lionsgate aims to enhance its content portfolio amid growing demand for premium content. CEO Jon Feltheimer emphasizes the deal's value for both companies.

Lionsgate (NYSE: LGF.A, LGF.B) reported its fourth quarter results for the period ending March 31, 2021, revealing revenue of $876.4 million, operating income of $14.3 million, and a net loss attributable to shareholders of $37.7 million ($0.17 per share). Fiscal 2021 revenue totaled $3.27 billion, with an annual net loss of $18.9 million ($0.09 per share) but adjusted net income was $205.6 million ($0.92 EPS). STARZ subscriber growth surged by 69% year-over-year, reaching 29.5 million, contributing to a record $780 million in library revenue.

Lionsgate and Twisted Pictures announced that Spiral: From The Book of Saw will debut on STARZ on October 8, 2021, exclusively in its first U.S. pay window. The horror film has topped the U.S. box office for two consecutive weeks and has contributed to the $1 billion global box office milestone of the Saw franchise. This rollout aligns with Lionsgate's new theatrical output agreement with STARZ, allowing the franchise to be available on the platform in time for Halloween.

Lionsgate (NYSE: LGF.A, LGF.B) will announce its fourth quarter and full year financial results for the fiscal year ending March 31, 2021, after market close on May 27, 2021. An analyst and investor conference call is scheduled for the same day at 5:00 PM ET to discuss these results. The company operates a diverse portfolio that includes the STARZ subscription platform and a substantial library of content, positioning itself as a leader in entertainment.

On April 15, 2021, Lionsgate (NYSE: LGF.A, LGF.B) announced a long-term agreement with Craig Piligian, who becomes President of Lionsgate's nonfiction television business and continues as CEO and Chair of Pilgrim Media Group. Piligian will oversee the company's unscripted television operations, building on Pilgrim's successful track record of nearly 20 series, including "The Ultimate Surfer" and "Street Outlaws." This move aims to streamline operations and enhance collaboration in developing premium nonfiction content. Lionsgate's diverse library of 17,000 titles supports this initiative.

Lionsgate has announced a collaboration with Hulu to produce a documentary series based on The New York Times Magazine's acclaimed 'The 1619 Project.' Directed by Roger Ross Williams, the series aims to explore the legacy of slavery in America. Williams, the first African American director to win an Academy Award, will oversee the project alongside a skilled team, including Shoshana Guy as showrunner. This partnership includes notable figures like Oprah Winfrey and aims to create impactful content addressing systemic racism in the U.S.