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.
The LGF news page on Stock Titan aggregates company communications and related coverage for Lions Gate Entertainment Corp., whose shares trade as LGF.A and LGF.B on the New York Stock Exchange. Recent press releases link Lionsgate to Lionsgate Studios Corp., a standalone, pure play, publicly traded content company focused on motion picture and television production and distribution, and to the STARZ-branded premium subscription platform.
News items for the LGF symbols include consolidated financial results for Lions Gate Entertainment Corp., where revenue, operating income or loss, net income or loss attributable to shareholders, adjusted net income and adjusted OIBDA are reported. These releases often highlight trailing 12‑month library revenue associated with a large film and television library, and discuss performance drivers such as episodic television deliveries, licensing of library content, and the performance of motion picture releases.
Another key category of news concerns corporate transactions and governance. Press releases describe the proposed and completed separation of the Studio Business from the Starz Business into two independent, publicly traded companies through a plan of arrangement under the Business Corporations Act (British Columbia). Coverage includes announcements of shareholder meeting dates, proxy materials, court approvals, and the commencement of trading of the studio-focused company under the ticker symbol LION.
Investors following LGF-related news can also see updates about analyst and investor conference calls, where Lionsgate and Lionsgate Studios senior management discuss quarterly and annual results, as well as supplemental information on segment performance for Motion Picture, Television Production and Media Networks. By reviewing this news flow in one place, users can monitor how Lionsgate’s ownership of Lionsgate Studios Corp. and the STARZ premium subscription platform is reflected in its communications, financial reporting and corporate actions.
Lionsgate (NYSE: LGF.A, LGF.B) announced it will release its fourth quarter and full year financial results for fiscal 2022, which ended on March 31, 2022, after market close on May 26, 2022. Following this, senior management will host an analyst and investor conference call on the same day at 5:00 P.M. ET. Investors can access the live webcast on Lionsgate's corporate website or through a provided link for replay access. The company emphasizes its diverse entertainment portfolio, backed by a significant content library.
Lionsgate (NYSE: LGF.A, LGF.B) is set to release its third quarter fiscal year 2022 financial results on February 3, 2022, after market close. The announcement follows the quarter ending December 31, 2021. Senior management will host an analyst and investor conference call at 5:00 PM ET on the same day to discuss the results. Investors can access the live webcast through the company’s corporate website. This financial update is crucial for stakeholders looking to assess the company's performance amid evolving market conditions.
Lionsgate (NYSE: LGF.A, LGF.B) will report its financial results for Q2 FY2022, ending September 30, 2021, on November 4, 2021, after market close. The management will discuss the earnings in a conference call at 5:00 PM ET. Investors can access the live webcast on the company's investor relations website. Lionsgate combines STARZ's premium subscription services with its film and television studio operations, boasting a library of over 17,000 titles and a strong portfolio in independent media.
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.
