Lionsgate on Thursday posted a smaller third-quarter loss on lower overall revenue as the Hollywood studio continues to drive into the streaming space with Starz.
The studio saw its global streaming subscriber base for Starz, Starzplay Arabia and Pantaya grow to 14.6 million, up another 900,000 subscribers compared to the end of its second quarter. "With 28 million global subscribers at quarter’s end, we are well on our way to our goal of 50 to 60 million global subscribers by 2025, the vast majority of which will be high-value streaming subs," Lionsgate CEO Jon Feltheimer told analysts about Starz during a conference call on Thursday.
Read more on hollywoodreporter.com
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