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Lionsgate reported a smaller quarterly loss with increased TV revenue as the television business recovered from production halts in 2023. The company's Q4 net loss was $39.5M compared to $96.8M a year ago, with overall revenue reaching $1.117B. Starz recorded 12.59M streaming subscribers, slightly lower than the previous quarter.
Lionsgate is thinking about making “lower-budget” movies for Starz as the TV streaming and linear network is set to split with Lionsgate Studios by the end of the year https://t.co/v5BbDtXTb7
Lionsgate Q4: a net loss of $39.5M vs. a loss of $96.8M a year ago, overall revenue of $1.117B; Starz had 12.59M streaming subscribers, down from 12.63M in Q3 (@etanvlessing / The Hollywood Reporter) https://t.co/mJohSbrl3F https://t.co/qx6cLbO6Tw
Losses shrank at Lionsgate and revenues climbed as the company’s television business rebounded from the twin strikes that had shut down production for much of 2023. https://t.co/smE0zmNCHh
