Dave McNary Film ReporterLionsgate earnings have topped Wall Street estimates with adjusted operating income of $156 million — 56% above consensus — and 33 cents earnings per share — 94% above estimates — for its second quarter that ended Sept.
30.Several hours earlier, Lionsgate told employees it was laying off 15% of its motion picture group, citing the impact of the COVID-19 pandemic.
Lionsgate has about 450 employees.Revenues were $745 million, narrowly missing estimates by 2%. Its Starz network reported a surge in domestic OTT subscribers from 7.4 million to 9.2 million, and global OTT subscriptions jumped by 2.3 million in the quarter to 13.7 million.
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.