Netflix & Paramount+ UK To Profile ‘Strip Search Caller’
04.11.2022 - 00:11 / deadline.com
Lionsgate total global subscribers rose to 37.8 million for the fiscal second quarter ended in September, driven by international and domestic streaming, where subs were up 52% year-on-year to 27.3 million. Rebranded Lionsgate+ subscribers grew 97% to 14.8 million.
The company reported a few one-time charges, including a $1.48 billion non-cash hit related to goodwill from the Starz acquisition that reflects changes to future free cash flow projections and underlying valuations.
It also posted $219 million in restructuring charges from exiting seven Lionsgate+ (formerly called Starzplay International) territories — France, Germany, Italy, Spain, Benelux, the Nordics and Japan as it to streamlines that business. These were content impairment write-downs in the territories.
The release didn’t discussion upcoming strategic plans for either the studio or Starz but execs are likely to on a call skedded for 6 pm ET.
Media Networks segment revenue of $396 million was up from $385 million as lower domestic linear revenue was offset by growth in streaming. Profit jumped to $21 million from $5.5 million on lower marketing costs.
The film and TV studio biz saw sales of $655 million compared with $667. Profit dropped to $69 million from $130 million. Motion pictures revenue fell, television rose. Profits fell at both.
Revenue from Lionsgate’s 17,000-title film and television library was $747 million for the trailing 12 months and $210 million in the quarter.
“We reported another strong library performance and continued growth in Lionsgate Television series deliveries as our studio businesses continued to perform in line with expectations in the quarter,” said CEO Jon Feltheimer.
“Economic and industry headwinds are having the
Netflix & Paramount+ UK To Profile ‘Strip Search Caller’
Three young children who were 'abducted' by their father three months ago have been taken to Libya, a High Court judge has said.
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Not a big deal. Howie Mandel doesn’t understand the big fuss being made around Meghan Markle’s comments about her experience on Deal or No Deal.
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Turns out Whoopi Goldberg isn’t the only one fed up with Meghan Markle right now!
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