Brent Lang Executive Editor of Film and MediaRobust subscriber growth at Starz lifted Lionsgate’s earnings at a time when movie theaters are still struggling to reemerge from their COVID-era closures and the entertainment landscape is shifting rapidly.
The better-than-expected results come as Lionsgate is seen as a potential acquisition target for tech giants and media conglomerates looking to get bigger.
AT&T’s decision to spin off WarnerMedia and combine it with Discovery, as well as Amazon’s $8.45 billion purchase of Metro-Goldwyn-Mayer are expected to spark a new wave of mega-deals, which could enrich Lionsgate shareholders.
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