Sunday, June 17, 2018
Home / Top Stories / Q4 Profits Up at Lionsgate

Q4 Profits Up at Lionsgate


ADVERTISEMENT

Net income for the fourth quarter at Lionsgate rose to $91.3 million on revenues of $1.04 billion, while for the full fiscal year profit was up to $473.6 million on revenues of $4.1 billion.

“Our strong quarter capped a successful year in which we exceeded our internal and consensus financial expectations with significant contributions across our film, television and Starz platforms,” said CEO Jon Feltheimer. “We enter fiscal 2019 well positioned to continue growing our worldwide content platform, deepening our key talent relationships, and rolling out Starz as a truly global consumer brand. Today I’m pleased to announce that we’ve taken a major step forward in this initiative by launching STARZPLAY branded channels in the U.K. and Germany on Amazon Prime Video.”

For the financial year, media networks (including Starz) delivered revenues of $1.53 billion, boosted by OTT gains with an increase in subscribers and gains in the studio’s worldwide digital media licensing arrangements. Segment profits increased by 5 percent in the year to $469 million. Television production revenues slipped slightly to $805 million, but profit rose to $67 million. Motion picture revenues fell by 11 percent to $1.82 billion as a result of a smaller theatrical slate, but profits rose to $179 million.



About Mansha Daswani

Mansha Daswani is the editor and associate publisher of World Screen. She can be reached on mdaswani@worldscreen.com.

ALSO READ

AT&T Completes Time Warner Deal

Warner Bros., HBO and Turner are now officially part of AT&T following the telco giant's completion of its acquisition of Time Warner.