Lionsgate’s Film and TV Library Revenue Helps Shrink Quarterly Loss

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As a devoted admirer, I’m sharing some exciting news about our beloved Lionsgate! They’ve just unveiled their third-quarter financial outcomes following the separation of their studio business – once part of the media titan – into an independently traded stock.

Under Jon Feltheimer’s leadership, the company recorded a significantly reduced shareholder net loss of $21.9 million this year, contrasting with a loss of $107.4 million last year. This was due to the effects of the previous Hollywood writers and actors strikes on Lionsgate’s content production and release schedule, which were reported in last year’s financial statement.

Or, more concisely:

Under Jon Feltheimer’s leadership, this year’s shareholder net loss narrowed significantly to $21.9 million, compared to a loss of $107.4 million last year due to the impact of Hollywood writers and actors strikes on Lionsgate’s content production and release pipeline.

In the fourth quarter ending December 31, 2024, Lionsgate, which is known for producing movies like John Wick and The Hunger Games, reported a slight decrease in overall revenue, going from $975.1 million last year to $970.5 million this year.

(The original sentence uses the term “quarter” but it could be more clearly understood by using “fourth quarter” instead of assuming the reader is familiar with the term.)

Jon Feltheimer, CEO of Lionsgate and Lionsgate Studios, stated that we had an impressive quarter where our businesses thrived despite facing a difficult situation.

The studio announced an unprecedented increase of 22% in their trailing 12-month library revenue for the quarter, bringing it to a total of $954 million. Meanwhile, Lionsgate’s studio operations, which encompass both film and television sectors, experienced a modest growth of 3%, generating $713.8 million in revenue during the same period.

TV production earnings experienced a significant jump of 63%, reaching $404.6 million, due to an increase in episodic deliveries. This surge followed a period where earnings were $285.4 million the previous year, which was affected by Hollywood labor conflicts and related industry suspensions.

Additionally, during the last quarter, the Media Networks division (primarily Starz) experienced a decrease in segment revenue amounting to $341.9 million, contrasted with $417.2 million from the same period the previous year.

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2025-02-07 00:24