![]() While the motion picture business was up 5% to US$288.8 million, TV production was up 38% to US$605.4 million. The studio business, comprising motion picture and television production activities, posted revenue of US$894.2 million, up 25% year-on-year, driven primarily by library sales and timing of scripted content. Every director working in TV or film needs to have one of these as they won’t always be right by the camera man’s side more importantly, they need to oversee everything that’s happening in order to guide the actors and crew. In its most recent fiscal Q3 results to the end of December, Lionsgate’s media networks business posted revenue of US$380.3 million, down from US$388.9 million for the prior year, with growth in streaming revenue from Lionsgate+ offset by declines in domestic linear channel revenue. Lionsgate CEO Jon Feltheimer had originally stated an intention of spinning off the Starz business from the studio but last year reversed this formula with a plan to spin off the studio and rename streaming offering Starzplay as Lionsgate+. Lionsgate executives have said that a separation of the two businesses makes sense, with Starz CEO Jeffrey Hirsch arguing that a separate valuation of that business would enable it to grow or merge with another entity more easily. The studio has been on a high of late thanks to the success of the latest film in the John Wick franchise. ![]() ![]() It said that it “expects the spin-off to be completed on previously communicated timelines, subject to market and other conditions”. ![]()
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