Lionsgate Cfo James Barge said today that the company is on the right path to close the separation of Lionsgate and Starz studios by mid -April.
During a question and answer at the Morgan Stanley Media Conference, he said that the division was working for a long time but was suspended by something or another.
“We did not know that there would be a pandemic, the writer's strikes, and then, somewhere along the way, we have made a great acquisition on the EONE. So there were a few things. But we are definitely there. We are on the right track of existence from mid to late April.
He said that the logical basis of the deal – opening the value of the shareholders of both sides of the work – is always strong.
“You see a lot of people in the industry began to separate their linear works. The good news is that we do not have a really written work. Our Starz, which is premium, is the first digital” with 70 % or revenues from digital this year. Strong studio library, along with the capabilities of television and movies and a royal share in the 3ATS Talent Management Company.
The chapter was “related to evaluation, which helps to pay the value of the shareholders, as we do not feel a combined company we get. We look like a media company in space competing with … Comicss and Disneys, while Starz is actually a completely unique work, completely understood.”
previously: Lionsgate Jon Feltheimer CEO of Lionsgate and Starz expect this spring, April as soon as possible.
“We are still in an organizational review of the statement of the agent/joint registration with SEC. Given this time, we will need to update the agent with the financial statements starting from December 31, 2024, which will take an additional few weeks. Waiting for more SEC review, we expect this to lead to a share of shareholders in the middle of April with separation shortly after that.”
“The industry has now reached a turning point, and the next stage of plays that flows to the strengths of Starz: more packages, the ability to provide digital services for written platforms and the opportunity to benefit from the changing environment and disable to expand its business.”
Lionsgate has unveiled division plans some time ago, but it takes longer than many expected to become official. In response to a question about this on the call, Financial Director James Baarge said that Lyongit has heard again from the Supreme Education Council this morning with some additional requests and the company responds, in addition to collecting it at the end of 2024 of the financial statements of the committee. He said that the division will be in effect immediately after the shareholders βmeeting, which must be summoned 30 days after the approval of the Supreme Council for Final Education.
Feltheimer also announced independent capital structures of the new Lionsgate and Starz studios, including banking obligations to facilitate paid credit worth $ 800 million in studios that are active when separating.
previouslyOn Thursday, he said on Thursday in reporting the profits of the third quarter of 2025 that the TV production of the passion for revenue and profit, is driven by an increase in the transcript, and the license of the library content and the continuous apostasy of last year's strikes, according to Thursday in reporting the profits of the third quarter of 2025.
The moving images continued to be softened even though this might have turned in the current quarter. The total revenue amounting to $ 970 million, a decrease of hair from 905 million dollars, was much higher than Wall Street's expectations. The net losses narrowed sharply to $ 18.5 million from 107.4 million dollars.
Television production has witnessed the increase in revenues by 63 % to $ 405 million in the past three months of 2024, which is Lyongit Financial Company, with a profit of a sector of $ 60.9 million, an increase of 9.1 million dollars.
Library revenues grew for 12 months, which is the company's main engine, by 22 % to 954 million dollars.
The mobile photos witnessed revenues and profit by the sector that decreased to 309 million dollars (from 443 million dollars) and 83.6 million dollars (from 100.4 million dollars), respectively, in difficult comparisons with theatrical publications last year The Hunger Games: The Ballad of Songbirds and Snakes and X saw. The studio was in the second difficult half from 2024 to The best Christmas queen contest ever It was struck in November. The trend was reflected in the current quarter with two holes in January in Thieves rain: Pantira and The risk of flying.
In general, studio revenues amounted to $ 713.8 million, or 3 % of the previous quarter of the previous year. Operating income of $ 112 million by $ 45 %.
Revenue and profit entered Stars. OTT subscribers in North America grew by 170,000. Revenue reached 344 million dollars from $ 417 million, and profits fell to $ 25 million from 85 million dollars.
Studios and Starz will soon be divided into two independent companies.
“I am pleased to report a strong quarter in which our work has done a good job in a difficult environment,” said CEO John Feltimer.
“We are dealing with the studio and Starz chapter through a record performance from our library, as our animated group has converted a number of Midbudget films into profitability, where our TV group sponsors a wide range of distinguished real estate and Starz's return to the growth of local subscribers on a serial basis.”
