TV Lifts Lionsgate Revenues in Q4

SANTA MONICA: The strong performance of its television segment helped to boost Lionsgate’s fourth-quarter revenues to $791.2 million.

For fiscal 2016, meanwhile, the independent studio delivered revenues of $2.35 billion (down from $2.4 billion) and net income attributable to Lionsgate shareholders of $50.2 million (down from $181.8 million).

Television production revenues reached a record $669.9 million, up from $579.5 million. Domestic TV revenues were stable, while international revenues rose to $190.2 million from $112.4 million. The results were boosted by a new global deal for Orange Is the New Black and the acquisition of Pilgrim Studios.

Film revenues, meanwhile, fell to $1.68 billion from $1.82 billion, with declines in both theatrical and home-entertainment revenues. International motion picture revenues were up, thanks to an increased number of titles.

“Our television business had a record year with all categories contributing great results, and we expect its strong growth to continue this year,” said CEO Jon Feltheimer. “Although last year’s film slate didn’t match the performance of previous years, this year’s slate is bigger, more balanced and is expected to generate greater profitability. We also expect to continue creating long-term value by deepening our portfolio of brands and franchises and solidifying our status as a preferred partner to owners of intellectual property, third-party distributors and digital platforms worldwide.”