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Lionsgate Hit By $50 Million In COVID-19 Related Costs Last Quarter, Expects More And Is Seeking Insurance To Cover

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deadline.com
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By Jill Goldsmith Lionsgate Thursday reported $50 million in costs last quater due to COVID-19, said it anticipates more are coming and that it’s seeking insurance to cover what it can.

The last media and entertainment company to report its March quarter as earnings season ends, Lionsgate posted revenue for the three months of $944 million, an operating loss of $12 million and net loss attributable to Lionsgate shareholders of $45 million, or a $0.20 diluted net loss per share.

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