Lionsgate has picked a lane in the global rush into streaming — premium, in between mass and niche — and it sees a path to reach nearly 60 million global subscribers by 2025.In its fiscal fourth-quarter report, the company said it had reached 29.5 million total subscribers, 16.7 million of those streaming.Updating its guidance, the company said during a conference call with analysts that it would be at the high end of a range it had previously provided of 50 million to 60 million subscribers.
About 80% of those will be streaming subscribers, the company said.Invoking Michelle Obama’s famous “low-high” line at the 2016 Democratic National Convention, CEO John Feltheimer said of media rivals, “When they go broad, we go premium.” Elaborating
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