Welcome to our dedicated page for LGF news (Ticker: LGF), a resource for investors and traders seeking the latest updates and insights on LGF stock.
Lionsgate (LGF) maintains its position as a leading global entertainment company through strategic content creation and distribution across film, television, and media networks. This news hub provides investors and industry observers with essential updates on corporate developments, financial performance, and market positioning.
Access real-time updates on earnings reports, content licensing agreements, production milestones, and leadership announcements. Our curated collection features official press releases alongside verified third-party analysis, offering complete visibility into Lionsgate's operational and financial trajectory.
Key coverage areas include theatrical release schedules, streaming platform partnerships, television production updates, and media network expansions. Track strategic moves within the competitive entertainment landscape through comprehensive reporting on mergers, intellectual property developments, and content library growth.
For consistent monitoring of Lionsgate's market activities, bookmark this page or set up alerts through your Stock Titan account. Verify publication dates for chronological tracking of corporate announcements and industry developments.
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.
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.
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.
Lionsgate (NYSE: LGF.A, LGF.B) and STARZ have signed a multiyear exclusive first window output deal for all theatrically released Lionsgate and Summit films, effective when current agreements expire at the end of 2021 and 2022. The deal includes major franchises such as JOHN WICK, BORDERLANDS, and the Hunger Games prequel. This partnership aims to enhance STARZ's premium content offering and support its growth, with a focus on attracting leading storytellers and delivering diverse programming.
Lionsgate has entered a multi-year agreement with Sony Pictures Home Entertainment (SPHE) for the distribution of its physical home entertainment releases in the United States and Canada. This collaboration, effective from July 2021, allows Lionsgate to maintain its independent sales while benefiting from SPHE's advanced distribution services. Both companies express enthusiasm for this partnership, aiming to enhance their efficiency and service to retailers and consumers. This agreement is expected to strengthen their business operations and provide better content delivery.
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.
