Lionsgate Earnings Beat Wall Street Projections Thanks to ‘Best Christmas Pageant Ever,’ Record Library Revenue
Reading now: 800
variety.comBrent Lang Executive Editor Losses at Lionsgate shrank during its third quarter, while revenue at the studio behind “Saw” and “The Hunger Games” dipped slightly.
The entertainment company cited the box office success of “The Best Christmas Pageant Ever,” as well as record earnings from licensing its library of movies and shows for the improved fiscal picture.
It also noted that it had started to recover from the Hollywood labor strikes of 2023 that brought production to a standstill.
For the three month period ending in December, revenue was roughly flat at $970.5 million, down from the $975.1 million that Lionsgate reported in the year-ago period.
Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
