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Lionsgate Earnings Beat Wall Street Projections Thanks to ‘Best Christmas Pageant Ever,’ Record Library Revenue
Lionsgate released its quarterly earnings results as it finalizes its separation from Starz.
The entertainment company cited the box office success of “The Best Christmas Pageant Ever,” as well as record earnings from licensing its library of movies and shows for the improved fiscal picture. Lionsgate’s studio business, which includes both its film and television operations, reported revenue of $713.8 million, an increase of 3% from the prior year quarter. Lionsgate suffered through a string of film flops like “Borderlands” and “The Crow” for much of 2024, but started to rebound at the end of the year with “The Best Christmas Pageant Ever,” a family-friendly box office success.
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