Coronavirus stars pandemic reports

Lionsgate Swings to Quarterly Profit Amid Pandemic

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hollywoodreporter.com

Lionsgate has swung to a first quarter profit for fiscal year 2021, as the studio's Starz premium TV platform hit 11.4 million global streaming subscribers.

For the three months to June 30, Lionsgate swung to a quarterly profit attributable to shareholders at $51.1 million, against a year-earlier loss of $54 million.

The COVID-19 crisis started near the end of Lionsgate's fiscal fourth quarter, so the latest first quarter earnings represent the first snapshot of the full impact on the Hollywood studio from the coronavirus pandemic.

For the first quarter, Lionsgate reported earnings of 23 cents per share, against a year-earlier loss of 25 cents per-share.

Read more on hollywoodreporter.com
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