Company Description
Lionsgate Studios Corp. (NYSE: LION) is described in its public communications as one of the world's leading standalone, pure play content companies. The company brings together diversified motion picture and television production and distribution businesses, a portfolio of valuable brands and franchises, a talent management and production platform at 3 Arts Entertainment, and a film and television library of more than 20,000 titles, all supported by what it characterizes as a bold and entrepreneurial culture.
Lionsgate Studios Corp. is incorporated in British Columbia, Canada and its principal offices are in Vancouver, British Columbia and Santa Monica, California, according to its SEC filings. Its common shares trade on the New York Stock Exchange under the ticker symbol LION.
Business segments and operations
According to the company’s financial disclosures and registration statement, Lionsgate Studios Corp. operates through two reportable segments: Motion Picture and Television Production. These segments encompass the studio business that was separated from the STARZ-branded premium subscription platform.
The Motion Picture segment includes the development and production of feature films and the acquisition of distribution rights. As described in company materials, this segment covers North American and worldwide distribution rights to motion pictures. Segment results reported in quarterly earnings releases highlight revenues and segment profit from theatrical releases and other distribution activities.
The Television Production segment focuses on the development, production and worldwide distribution of television programming. This includes television series, television movies and miniseries, and non-fiction programming. Company earnings releases describe revenue and segment profit in this segment as driven by episodic deliveries, renewals of key series and new shows.
Content library, brands and franchises
In its news releases, Lionsgate repeatedly emphasizes that it controls a more than 20,000-title film and television library. The company describes this library as generating record trailing 12‑month revenue in recent periods, and as a core element of its portfolio of intellectual property. Lionsgate also highlights a collection of brands and franchises, and it notes that these properties are used across motion picture, television and other businesses.
Lionsgate’s communications describe it as a standalone, pure play, publicly traded content company, with its motion picture and television studio operations aligned around this library and its brands and franchises. The company also points to a premier talent management and production powerhouse at 3 Arts Entertainment as part of its overall platform.
Corporate history and separation from Starz
According to its amended registration statement on Form S‑1 and related disclosures, Lionsgate Studios Corp. (formerly Lionsgate Studios Holding Corp.) was part of Lions Gate Entertainment Corp. prior to a separation transaction. On May 6, 2025, Lions Gate Entertainment Corp. completed the separation of the studio business, which encompasses motion picture and television studio operations, from the STARZ-branded premium subscription platform business (the Starz Business). Following these transactions, the studio business is held by Lionsgate Studios Corp., and the former parent was renamed Starz Entertainment Corp.
The registration statement explains that, as a result of the transactions described in the prospectus, new common shares of Lionsgate Studios Corp. trade on the New York Stock Exchange under the symbol LION. The filing also notes that the company is a large accelerated filer under SEC rules.
Financial profile and segment reporting
Lionsgate Studios Corp. reports its financial results in U.S. dollars and provides consolidated financial statements and segment information in its SEC filings and earnings press releases. Recent quarterly releases describe studio revenue, operating loss, net loss from continuing operations attributable to shareholders, adjusted net loss and adjusted OIBDA, along with segment revenues and segment profit for Motion Picture and Television Production.
The company’s disclosures also highlight trailing 12‑month library revenue, which it has reported as reaching record levels over multiple consecutive quarters, and a backlog measure representing contractual commitments for future revenues not yet recorded. These metrics are presented by Lionsgate as indicators of the performance and visibility of its intellectual property portfolio.
Capital structure and credit facilities
In an 8‑K filing, Lionsgate Studios Corp. describes a senior secured amortizing term credit facility (the LG IP Credit Facility) entered into by certain subsidiaries. This facility is secured by collateral that includes intellectual property rights primarily associated with certain library titles. The filing details a series of amendments that increased the maximum principal amount of the facility, subject to collateral valuation, and sets out its maturity date and interest rate formula.
The company’s balance sheet disclosures in quarterly financial statements show film related obligations, debt, participations and residuals, and other liabilities associated with its studio operations. The S‑1/A and other filings also describe material indebtedness and film-related obligations in more detail, as well as risk factors related to indebtedness and the studio business.
Strategic partnerships and distribution channels
Lionsgate’s news releases describe various commercial relationships that illustrate how it uses its content library and brands. For example, the company has announced an exclusive ad-serving partnership with FreeWheel for its portfolio of free ad-supported streaming television (FAST) channels in the United States. In that release, Lionsgate is described as a leader in curating IP‑driven FAST channels and as operating channels that draw on film franchises and television series from its library.
Other announcements describe licensing arrangements in which Lionsgate supplies titles from its library to third-party platforms, such as a YouTube comedy channel, and promotional partnerships tied to specific motion picture releases. These activities reflect the company’s stated focus on using its film and television library and franchises across multiple platforms and partners.
Global products and experiences
In a press release related to theme park attractions, a division called Lionsgate Global Products & Experiences is described as operating within Lionsgate Studios Corp. This division is said to drive incremental revenue and consumer engagement by leveraging the studio’s film and television brands and franchises through live shows and experiences, location-based entertainment destinations, games, physical and digital merchandise, and selected strategic partnerships and investments.
The same communication notes that attractions based on Lionsgate franchises such as The Hunger Games, John Wick and SAW can be found at theme parks and destinations in various regions, and that the division has announced multiple stage productions and collaborations with consumer products licensees and game integrations. These disclosures illustrate how Lionsgate extends its intellectual property beyond traditional screen-based distribution.
Shareholder matters and governance
In an 8‑K filed in January 2026, Lionsgate Studios Corp. announced that it will hold its initial annual general and special meeting of shareholders on March 17, 2026 at its head office in Canada. The filing outlines deadlines and procedures for shareholder proposals to be included in the proxy statement pursuant to Rule 14a‑8, as well as requirements and timelines for director nominations under the company’s articles.
The company’s S‑1/A registration statement includes extensive information about its capital stock, shareholder rights, corporate governance, board structure, and executive and director compensation. It also discusses risk factors related to the studio business, indebtedness, tax rules and the separation transactions.
Position within the entertainment sector
Across its press releases and filings, Lionsgate describes itself as a standalone, pure play, publicly traded content company focused on motion picture and television production and distribution, supported by a large film and television library and a portfolio of brands and franchises. Its operations span studio production, distribution, talent management through 3 Arts Entertainment, FAST channels and other distribution partnerships, and experiential and licensing initiatives through Lionsgate Global Products & Experiences.