Lionsgate Sees Gains at Starz


The media networks segment at Lionsgate, which includes Starz, saw revenues rise to $366.8 million in Q3, driven by strong OTT subscriber growth.

Media networks profits increased by 9.6 percent to $134.1 million from the prior-year quarter.

Television production segment revenues, meanwhile, fell to $216.5 million, while profit slipped to $21.2 million. In the motion pictures division, revenues fell to $362.6 million and profits decreased by 19.9 percent to $43.5 million.

Total revenues at the company fell to $933.2 million from $1.1 billion, with profit down to $22.9 million.

“We’re pleased to report a strong quarter with significant free cash flow and continued revenue and subscriber growth at Starz,” said Lionsgate CEO Jon Feltheimer. “As we refill our feature film and television pipelines at a robust pace and take our integration of Lionsgate and Starz to the next level, all signs are pointing to strong growth in the year ahead.”