![]() ![]() Studio – motion picture and television production – sales rose 25% to $894 million, and profit jumped more than 70% to $148 million. Profit grew from $28 million in the prior year quarter to nearly $50 million, driven by lower domestic marketing costs and an improved international cost structure. Media networks segment revenue was down $380 million from $389 million in the prior year, as domestic streaming revenue and LIONSGATE+ (formerly STARZPLAY International) were offset by lower domestic linear revenue as that side of the business continued to decline. The executive said that domestic OTT subscriptions have already increased in the current quarter. ![]() ![]() Starz home streaming subscriptions were a soft 11.6 million, down from 12.3 million last quarter on lower originals. The total number of subscribers is 35 million – 10.2 million linear and 25.9 million OTT. Last quarter saw a whopping $1.8 billion in restructuring charges and write-downs for Starz. “We are entering our fourth quarter with encouraging signs across all of our businesses: domestic box office booming as we bring our biggest slate in years to theaters renewals of six major Lionsgate television series during or shortly after the end of the quarter And Starz economics have improved because of its international restructuring. “We reported a strong financial quarter with record 12-month library revenue, reaffirming the value of our intellectual properties,” Feltheimer said. ![]()
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