Get the latest gossip
Lionsgate Posts Better-Than-Expected Profit In ‘Hunger Games’-Enhanced Quarter, But Strikes Hammer TV Production
Lionsgate posted better-than-expected earnings in its fiscal third quarter, even as the dual strikes of 2023 took a bite out of its television business.
The company, which is poised to split into two separate publicly traded entities in the coming months, reported adjusted earnings per share of 27 cents. The key driver in the film division was The Hunger Games: The Ballad of Songbirds & Snakes, which has taken in nearly $340 million at the box office since its release last November. Media Networks, the division that houses Starz, added 700,000 North American streaming subscribers over the previous quarter, helping segment revenue climb 10% year-over-year to $417.2 million.
Or read this on Deadline