Lionsgate punched through Wall Street forecasts reporting a jump in revenue to top $1 billion last quarter on a record $845 million in sales from its 17,000 film and television library
. CEO Jon Feltheimer said today the separation process is on track.'Three Women': Starz In Negotiations For Series Starring Shailene Woodley Following Showtime ReleaseDuring the quarter, “as part of our global assessment and curation of our Media Networks cost structure and content strategy,” the company said, it took an $80.8 million restructuring charge for removing series from Starz.
Media networks segment revenue of $380 million was down from $389 million in the prior year as domestic streaming revenue and LIONSGATE+ was offset by lower domestic linear revenue as that side of the business continues to be in secular decline.
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