{"id":549989,"date":"2023-02-10T00:27:32","date_gmt":"2023-02-09T21:27:32","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/lionsgate-takes-80m-content-write-down-as-tv-film-library-makes-revenue-gains\/"},"modified":"2023-02-10T00:27:32","modified_gmt":"2023-02-09T21:27:32","slug":"lionsgate-takes-80m-content-write-down-as-tv-film-library-makes-revenue-gains","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/lionsgate-takes-80m-content-write-down-as-tv-film-library-makes-revenue-gains\/","title":{"rendered":"#Lionsgate Takes $80M Content Write-Down As TV, Film Library Makes Revenue Gains"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a408850856ab\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a408850856ab\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/lionsgate-takes-80m-content-write-down-as-tv-film-library-makes-revenue-gains\/#Lionsgate_Takes_80M_Content_Write-Down_As_TV_Film_Library_Makes_Revenue_Gains\" >Lionsgate Takes $80M Content Write-Down As TV, Film Library Makes Revenue Gains<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Lionsgate_Takes_80M_Content_Write-Down_As_TV_Film_Library_Makes_Revenue_Gains\"><\/span>Lionsgate Takes $80M Content Write-Down As TV, Film Library Makes Revenue Gains<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Lionsgate has released its third quarter financial results while exploring a possible sale or spinoff of the premium cable and streaming platform Starz or its studio business.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    The studio swung to a third quarter net income at $16.6 million, against a year-earlier loss of $45.6 million, on overall revenue rising to $1 billion for the three months to Dec. 31, 2022, compared to a year-earlier $885.4 million. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Lionsgate posted an adjusted earnings per-share at 26 cents, compared to a year-earlier per-share loss of 12 cents, which in the latest financial quarter beat an analyst estimate by 38 cents. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    \u201cWe reported a strong financial quarter with record trailing 12-month library revenues affirming the value of our intellectual properties. We enter our fourth quarter with encouraging signs across all of our businesses: a rebounding domestic box office just as we bring our biggest slate in years to theaters; renewals of six key Lionsgate Television <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> during or im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely after the close of the quarter; and improved STARZ economics due to its international reorganization,\u201d Lionsgate CEO Jon Feltheimer said in a statement. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Lionsgate gave little away as explores its options for Starz, including a possible separation of the pay TV and streaming business and its studio operations. The goal <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears to be creating two standalone companies so investors can value the Starz and studio assets separately.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    But its latest financial results did include an $80.8 million content write-down as it restructures its Lionsgate+ business, or formerly the STARZPLAY International division, after removing certain TV series from its service.  That\u2019s in line with content writedowns taken by rival media players across the industry. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Also during the latest quarter, the media networks division, which is mainly Starz, saw segment revenue of $380.3 million, compared to a year-earlier $388.9 million. Starz during the latest quarter added 400,000 international subscribers, to offset a loss of 1.1 million domestic subscribers in the sequential quarter. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Starz subscribers are up 2.8 percent year-over-year, when factoring seven international markets that the premium platform is exiting. Lionsgate will exit Lionsgate+ markets in France, Germany, Italy, Spain, Benelux, the Nordic regions and in Japan. The studio will remain with\u00a0Starz\u00a0internationally in the UK, Latin America and Canada.\u00a0<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    The studio business, made up of the film and TV production divisions, saw revenue rise 25 percent to $894.2 million. And the motion picture segment revenue rose 5 percent to $288.8 million. <\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    While some potential suitors appear to see Starz as a streaming platform, others are looking at Lionsgate and its programming library as a possible indie studio acquisition as digital titans like Apple and Amazon muscle into Hollywood.<\/p>\n<p class=\"paragraph larva \/\/  a-font-body-m     \">\n    Lionsgate is touting its 17,000-strong programming library as difficult to replicate and an appealing target for a bigger media player looking to bolt on an indie studio. And despite volatile financial markets, the entertainment industry has seen a recent spate of mergers and acquisitions as major players dive into the streaming space and indie studios get bought up for scale and content.<\/p>\n<\/p><\/div>\n<p><script type=\"text\/plain\" class=\"optanon-category-C0004\">\n!function(f, b, e, v, n, t, s) {\nif (f.fbq) return;\nn = f.fbq = function() {n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);};\nif (!f._fbq) f._fbq = n;\nn.push = n;\nn.loaded = !0;\nn.version = '2.0';\nn.queue = [];\nt = b.createElement(e);\nt.async = !0;\nt.src = v;\ns = b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t, s);\n}(window, document, 'script', 'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\nfbq('init', '352999048212581');\nfbq('track', 'PageView');\n<\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more Like this articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/social-media\/\" target=\"_blank\" rel=\"noopener\">Social Media category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.hollywoodreporter.com\/business\/business-news\/lionsgate-takes-80m-content-write-down-1235321723\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lionsgate Takes $80M Content Write-Down As TV, Film Library Makes Revenue Gains Lionsgate has released its third quarter financial results while exploring a possible sale or spinoff of the premium cable and streaming platform Starz or its studio business. The studio swung to a third quarter net income at $16.6 million, against a year-earlier loss&#8230;<\/p>\n","protected":false},"author":1,"featured_media":549990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.hollywoodreporter.com\/wp-content\/uploads\/2023\/02\/Jon-Feltheimer-SeriesFest-Talks-GettyImages-1395831644-H-2023.jpg?w=1024","fifu_image_alt":"","footnotes":""},"categories":[17],"tags":[87557],"class_list":["post-549989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social-mediaa","tag-lionsgate"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/549989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=549989"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/549989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/549990"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=549989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=549989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=549989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}