{"id":5331,"date":"2013-11-08T00:00:00","date_gmt":"2013-11-08T00:00:00","guid":{"rendered":"http:\/\/worldscreen.com\/tvusa\/2013\/11\/08\/lionsgate-reports-weaker-q2-revenues\/"},"modified":"2013-11-08T00:00:00","modified_gmt":"2013-11-08T00:00:00","slug":"lionsgate-reports-weaker-q2-revenues","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvusa\/lionsgate-reports-weaker-q2-revenues\/","title":{"rendered":"Lionsgate Reports Weaker Q2 Revenues"},"content":{"rendered":"<p>\n\tSANTA MONICA: Revenue of $498.7 million for the second quarter at Lionsgate declined by 29 percent from the same period a year ago, mainly due to a tough comparison that included the home-entertainment release of <em>The Hunger Games <\/em>as well as timing of TV deliveries.<\/p>\n<p>\n\tAdjusted EBITDA of $56.5 million in Q2 2013 compares to the adjusted EBITDA of $109.7 million in the prior year quarter.<\/p>\n<p>\n\tNet income was $500,000, which is far less than last year&#039;s Q2 results of $75.5 million.<\/p>\n<p>\n\tWithin the motion picture segment, revenue for the quarter was $434.4 million, a decline of 29 percent, due to a theatrical slate that only included two wide releases: <em>Red 2 <\/em>and <em>You&#039;re Next<\/em>. Lionsgate&#039;s home entertainment revenue from both motion pictures and television was $209.9 million, compared to $277.8 million for the prior year quarter. Television revenue included in the motion picture segment was $34.6 million, compared to the $35.5 million in Q2 2012. International motion picture revenue&mdash;excluding Lionsgate U.K.&mdash;declined to $88.7 million from $108 million. Lionsgate U.K. revenue was $27.1 million, a decline from the previously reported $48.4 million.<\/p>\n<p>\n\tRevenue in the TV production segment was $64.3 million, compared to $99 million. Declines were due to the timing of domestic television deliveries, which were offset by gains in international revenue from hit series such as <em>Orange Is the New Black <\/em>and <em>Anger Management<\/em>.<\/p>\n<p>\n\t&quot;We completed a strong first six months of the year with a solid second quarter in which we generated robust free cash flow, continued to delever our balance sheet and lowered our interest expense,&quot; said Jon Feltheimer, Lionsgate&#039;s CEO. &quot;We&#039;re on track for another very good year and, with the worldwide launch of the next installment of our <em>Hunger Games<\/em> franchise on November 22, the ongoing diversification of our television business and a strong and growing presence on digital platforms, we are positioned to deliver growth for many years to come.&quot;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SANTA MONICA: Revenue of $498.7 million for the second quarter at Lionsgate declined by 29 percent from the same period a year ago, mainly due to a tough comparison that included the home-entertainment release of The Hunger Games as well as timing of TV deliveries. Adjusted EBITDA of $56.5 million in Q2 2013 compares to &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-5331","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lionsgate Reports Weaker Q2 Revenues<\/title>\n<meta name=\"description\" content=\"Lionsgate Reports Weaker Q2 Revenues. SANTA MONICA, November 8: Revenue of $498.7 million for the second quarter at Lionsgate declined by 29 percent from the same period a year ago, mainly due to a tough comparison that included the home-entertainment release of The Hunger Games as well as timing of TV deliveries. . 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