- May 23, 2024
- Posted by: legaleseblogger
- Category: Related News
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### Lionsgate Financial Results Post-Spinoff
Lionsgate recently released its first quarterly financial results after the completion of a spinoff of its studio business into a separately traded stock. The studio posted a fourth-quarter net loss attributable to shareholders of $39.5 million, showing improvement from the previous year’s loss of $96.8 million. Overall revenue rose to $1.117 billion, up from $1.08 billion in the previous year.
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### Starz Subscriber Counts and Initiatives
Starz, continuing its expansion into the digital space, saw a slight dip in domestic subscribers in the fourth quarter. However, the premium platform is focusing on initiatives to attract and retain customers, with specific efforts towards streaming services and platform enhancements.
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### Lionsgate Studio Business Separation
Lionsgate Studios recently debuted as a standalone company following a merger with Screaming Eagle Acquisition Corp. The studio aims to fully separate its studio and Starz businesses by the end of 2024, streamlining its operations and enhancing strategic focus.
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