Dade Hayes Finance EditorNo movie theaters? No problem.Lionsgate shrugged off a 16% downturn in revenue in its fiscal first quarter to beat Wall Street estimates during the first quarter entirely affected by COVID-19, which has shuttered theaters, production and much else.
The financial performance was driven by lower expenses, stronger home entertainment demand and a record haul for its library, mainly via a licensing deal for Mad Men.Total revenue of $813.7 — more than one-quarter of which was library-derived — fell from $963.6 million in the same period a year ago.
Read more on deadline.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.