{"id":6024,"date":"2014-11-07T00:00:00","date_gmt":"2014-11-07T00:00:00","guid":{"rendered":"http:\/\/worldscreen.com\/tvusa\/2014\/11\/07\/lionsgate-earnings-rise-on-strength-of-tv-production\/"},"modified":"2014-11-07T00:00:00","modified_gmt":"2014-11-07T00:00:00","slug":"lionsgate-earnings-rise-on-strength-of-tv-production","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvusa\/lionsgate-earnings-rise-on-strength-of-tv-production\/","title":{"rendered":"Lionsgate Earnings Rise on Strength of TV Production"},"content":{"rendered":"<p>\n\tSANTA MONICA: Revenue was up 11 percent at Lionsgate for the second quarter to $552.9 million, with a particularly strong performance from its television operations.<\/p>\n<p>\n\tAdjusted EBITDA was $59 million, adjusted net income $33 million and net income $20.8 million.<\/p>\n<p>\n\tRevenue for the Television Production segment rose to $154.9 million in the quarter, an increase of more than 140 percent compared to the prior-year quarter, with strong gains in both U.S. and international television as well as home entertainment revenue from television production. Fifty-five episodes and 38.5 hours of U.S. TV series were delivered in the quarter, including episodes of <em>Manhattan<\/em>, <em>Anger Management<\/em>, <em>Orange Is the New Black<\/em>, <em>Houdini<\/em>, <em>Nashville<\/em> and <em>Mad Men<\/em>, compared to 20 episodes and 11 hours in the prior-year quarter. Strong international sales of <em>Orange Is the New Black<\/em>, <em>Nashville<\/em> and <em>Anger Management<\/em> were also reported in the quarter.<\/p>\n<p>\n\tOverall Motion Picture segment revenue for the quarter was $398 million compared to $434.4 million in the prior year quarter. Within the Motion Picture segment, theatrical revenue declined to $44.9 million with only two wide theatrical releases in the quarter, <em>The Expendables 3<\/em> and <em>Step Up All In. <\/em><\/p>\n<p>\n\tHome entertainment revenue&nbsp;for the quarter was $164.4 million compared to $209.9 million in the prior year quarter due to strong performances from Managed Brands and <em>Now You See Me<\/em> in the prior year quarter partially offset by the strong home entertainment performance of <em>Divergent<\/em> in the current quarter. Home entertainment revenue from TV production increased in the quarter due to gains in digital media revenue.<\/p>\n<p>\n\tTelevision revenue included in the Motion&nbsp;Picture segment more than doubled to $69.4 million in the quarter compared to $34.6 million in the prior year quarter, thanks to the pay-TV window opening for <em>The Hunger Games: Catching Fire<\/em> and the free-TV window opening for <em>The Twilight Saga: Breaking Dawn &ndash; Part 1<\/em>.<\/p>\n<p>\n\tInternational&nbsp;Motion Picture segment revenue (excluding Lionsgate U.K.) for the quarter was $75.6 million compared to $88.7 million in the prior year quarter with three wide-release titles in worldwide release compared to five in the prior year quarter. Lionsgate U.K. revenue of $37.3 million in the quarter increased 38 percent compared to the prior year quarter.<\/p>\n<p>\n\t&quot;We&#039;re pleased that our entire portfolio of businesses contributed to our solid results in the quarter, driven by a particularly strong performance from our television operations,&quot; said <a href=\"http:\/\/worldscreen.com\/articles\/display\/44539\">Jon Feltheimer<\/a>, Lionsgate&#039;s CEO. &quot;It was a quarter in which we extended our franchises into new lines of business, continued to assemble a strong pipeline of new properties with great commercial potential and developed online platforms that will enhance our ability to deliver our content directly to the consumer.&quot;<\/p>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SANTA MONICA: Revenue was up 11 percent at Lionsgate for the second quarter to $552.9 million, with a particularly strong performance from its television operations. Adjusted EBITDA was $59 million, adjusted net income $33 million and net income $20.8 million. Revenue for the Television Production segment rose to $154.9 million in the quarter, an increase &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-6024","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 Earnings Rise on Strength of TV Production<\/title>\n<meta name=\"description\" content=\"Lionsgate Earnings Rise on Strength of TV Production. SANTA MONICA, November 7: Revenue was up 11 percent at Lionsgate for the second quarter to $552.9 million, with a particularly strong performance from its television operations.. 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