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LGF - LGF STOCK NEWS

Welcome to our dedicated news page for LGF (Ticker: LGF), a resource for investors and traders seeking the latest updates and insights on LGF.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect LGF's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of LGF's position in the market.

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Lionsgate reported third quarter revenue of $975.1 million, with an operating loss of $43.5 million and a net loss of $106.6 million. Adjusted net income was $65.0 million. The company gained 700K North American OTT subscribers sequentially and added 340K net overall North American subscribers. The Studio Business saw a decrease in revenue and segment profit, while Media Networks segment revenue was up 10% year-over-year.
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Lionsgate (NYSE: LGF.A, LGF.B) is set to release its financial results for the fiscal 2024 third quarter on February 8, 2024, after market close. The senior management will hold an analyst and investor conference call to discuss the results at 5:00 P.M. ET/2:00 P.M. PT on the same day. Interested parties can listen to the live webcast on the Lionsgate corporate website or via the provided link. A full replay will be available starting Thursday evening, February 8.
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Lionsgate (NYSE: LGF.A, LGF.B) acquires eOne from Hasbro for $375 million in cash, adding 6,500 film and television titles to its library. The acquisition strengthens its scripted and unscripted television businesses, diversifies its portfolio of brands and franchises, and expands its presence in Canada and the UK.
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Lionsgate (NYSE: LGF.A, LGF.B) announced the establishment of Lionsgate Studios Corp., one of the largest publicly traded pure play content companies with an enterprise value of approximately $4.6 billion. The deal is expected to raise approximately $350 million in total gross proceeds, with an upsized $175 million in committed PIPE financing. The transaction will enable the combination of Lionsgate's Studio Business with Screaming Eagle Acquisition Corp., with common shares of Lionsgate Studios trading as a single class of stock separately from Lionsgate Class A and Class B shares.
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Neuberger Berman's proposal to eliminate Lions Gate Entertainment Corp.'s dual-class share structure received 62% support from shareholders at the 2023 Annual General and Special Meeting of Shareholders. This vote urges the Board to modify the plan of arrangement in connection with the company's planned business separation, aligning voting and economic interests to improve accountability and long-term value creation. Neuberger Berman's Managing Director and Senior Portfolio Manager, Benjamin Nahum, emphasized the importance of governance principles and called for the Board to act proactively in response to the overwhelming shareholder support.
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Lionsgate (NYSE: LGF.A, LGF.B) reported Q2 revenue of $1.0 billion, an operating loss of $817.5 million, and a net loss of $886.2 million. Adjusted net income was $48.6 million. STARZ gained 200K domestic OTT subscribers, and the company will exit the U.K. market by March 31, 2024. Trailing 12-month library revenue increased by 17% year-over-year.
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Olivia Rodrigo has written and recorded the official song for Lionsgate's The Hunger Games: The Ballad of Songbirds & Snakes. Tickets for the film are now on sale. The film will be released in theaters on November 17. The announcement was made during a special event in Times Square and streamed live on TikTok.
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Lionsgate to release financial results for fiscal 2024 Q2 on November 9
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Neuberger Berman calls on Lions Gate Entertainment Corp. to eliminate dual-class share structure
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Six Flags launches 30th season of Fright Fest with new haunted houses inspired by horror movies. Affordable for season pass holders. Family-friendly events during the day. Spooky experiences and scary rides at night. Food and beverage offerings. Fright Fest is free with park admission. Some premium haunts require additional passes. Six Flags Entertainment (NYSE: SIX) is the world's largest regional theme park company.
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