Despite strong subscriber numbers for Starz, Lionsgate recorded a quarterly loss at $45.4 million, compared to a year-earlier profit of $51.1 million
“If the media consolidation of the past year has taught us anything, it’s that the global appetite for content is greater than ever,” Feltheimer said. “And to paraphrase Keanu Reeves in, we have that content, lots of content – in our world-class library, our deep film and television pipelines, and throughout our global streaming platform at Starz. We live right in the sweet spot of global consumer demand – bold, original, high-end premium scripted television and film.
That beat a Wall Street estimate for 9 cents in an adjusted per-share profit for the latest financial quarter. Fourth-quarter revenue came to $901.2 million, compared with a year-earlier $813.7 million. The Motion Picture segment revenue were $291.2 million, compared to a year-earlier $280.7 million. And the TV production revenue was $386.1 million, well up from a year-earlier $195.7 million when Lionsgate’s TV division was impacted by the pandemic.
“When you look at the theatrical market, even though it is not all back, big brands are working,” he added. “I think we have a ways before we can talk about what a normalized box office looks like, when you think about the variants and such.”
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