Jill Goldsmith Co-Business EditorLionsgate posted soft quarterly earnings with revenue of $745 million down 20% from $938 million the year earlier and below Wall Street expectations.The motion picture producer and distributor, which just announced it’s laying off 15% of its global motion pictures group, said it swung to a net loss of $18.4 million from a $1.8 million profit the year before.OTT subscribers — a major focus — rose by 2.3 million to end the quarter at 13.7 million.Motion picture revenues fell to $257 million from $405 million due to theatre closings associated with the global pandemic, partially offset by the performance of titles in the premium video-on-demand market and digital home entertainment.
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