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Lionsgate Studios, Starz Split Now Looking Like April At The Earliest – Update
Lionsgate TV production and library sales drove the latest quarter as the company beat Wall Street forecasts.
It reversed the trend in the current quarter with two top January openings in Den of Thieves: Pantera and Flight Risk. “I’m pleased to report a strong quarter in which our businesses performed well in a challenging environment,” said CEO Jon Feltheimer. “We approach the separation of the studio and STARZ with a record performance from our library, our Motion Picture Group converting a number of midbudget films to profitability, our Television Group shepherding an extensive portfolio of premium properties and STARZ returning to domestic OTT subscriber growth on a sequential basis.”
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