Lionsgate Posts $1.8B Loss As It Exits Seven Former Starz Markets
The studio will remain with Starz internationally in the UK, Latin America and Canada. Lionsgate’s base of streaming subscribers for Starz slowed its growth during the second quarter, as the studio reported its number of global streaming subscribers for Starz rose to 27.3 million for the three months to Sept. 31, 2022 in an increasingly competitive global streaming arena.
Lionsgate recorded a $218.9 million restructuring charge around the streamlined Lionsgate+ reach, and another $1.48 billion non-cash impairment charge related to its acquisition of Starz in 2016 to take account of changes in future free cash flow projections.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
An inside look into multi-family housing and the real estate market today - CEO SpotlightShakti C'Ganti, CEO, Ashland Greene Capital joins KRLD's David Johnson for this episode of CEO Spotlight.
Read more »
LAPD captain helped former CBS CEO cover up harassment claims: ProsecutorsNew York prosecutors said an LAPD captain shared an unredacted copy of a police report detailing a sexual assault complaint against former CBS CEO Les Moonves with the network, and helped the network cover up claims for months.
Read more »
‘DeFi will replace institutions entirely,’ says BitGo CEO Mike BelsheCointelegraph sat down with Mike Belshe, CEO and co-founder of BitGo, to learn more about DeFi’s impact on traditional financial institutions.
Read more »
How a joke about axe-throwing turned into a business - CEO SpotlightMike Roberts, the founder of the Horse's Axe, tells KRLD's David Johnson how an idea that started as a joke turned into his retirement plan with two locations -- one in Denton and one in Denison. A third location will open soon in downtown McKinney.
Read more »
Twitter CEO Elon Musk details election integrity, content moderation on platform ahead of 2022 midtermsNewly minted Twitter CEO Elon Musk detailed how the platform will handle content moderation, as well as de-platforming, ahead of the 2022 midterm elections.
Read more »