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 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.
On September 29, 2020, Rachel Bendavid was appointed Head of Scripted Programming for the Lionsgate and BBC Studios partnership in Los Angeles. This collaboration aims to co-develop and co-fund scripted formats for the U.S. market. Bendavid, who previously oversaw popular series at ABC and FOX, will lead content initiatives for the partnership. Within a year of its inception, the partnership has secured pilot orders for U.S. adaptations of BBC hits such as 'This Country' and 'Ghosts'. Lionsgate aims to enhance its programming pipeline through this strategic move.
Lionsgate (NYSE: LGF.A, LGF.B) announced that the highly anticipated film Antebellum, starring Janelle Monáe, will premiere as a Premium On-Demand release on September 18, 2020. The film will also be released in select international theaters. Chairman Joe Drake highlighted the film's timely themes and the studio's adaptability in distribution strategies during current events. The filmmakers aim to reach a broad audience while addressing systemic racism. The movie's premise revolves around an author confronting a horrifying reality.
Lionsgate (NYSE: LGF.A, LGF.B) will release its financial results for Q1 of fiscal year 2021, ending June 30, 2020, after market close on August 6, 2020. Senior management will host an analyst and investor conference call at 5:00 PM ET to discuss the results. Interested parties can access the live webcast on the Lionsgate corporate website. The company is recognized as a global content leader, with a diverse portfolio of film, television, and digital products supported by a vast library of nearly 17,000 titles.