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Lionsgate Revenue Drops 8% in June Quarter, Starz Loses 500,000 Subscribers
Lionsgate, still feeling ripple effects from last year's twin Hollywood strikes, reported a decline in sales and a higher net loss.
“Our Motion Picture Group, Starz and our library performed well, though financial results in our television segment reflected a heavily backloaded year. Importantly, we generated great momentum during and after the quarter by taking a number of steps toward full separation by calendar year-end, subject to the timing of normal regulatory approvals.” In June, Lionsgate said it would release the film adaptation of the next book from “Hunger Games” scribe Suzanne Collins, “Sunrise on the Reaping,” in November 2026.
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