Lionsgate said Thursday television production revenue jumped 20% to $228 million last quarter and swung to a profit of $29 million from a $5.7 million loss, driven by strong library sales and 3 Arts Entertainment.Motion Picture revenue of $250 million plunged from $474 million reflecting fewer theatrical releases due to ongoing cinema closures amidst Covid-19.
Segment profit of $50 million was about flat.At media networks global subscribers led by Starz hit 28 million last quarter, with global OTT subs, a focus of the company now, rising by 900,000 to 14.6 million.
Starzplay International OTT subscribers grew 26% in the quarter, domestic OTT subscribers gained 300,000.Lionsgate posted total revenue for its fiscal third quarter of $836
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