Lionsgate posts $24 million loss, comes in under Wall Street projections this quarter - Blu-ray Forum

JEDGAR1000 · 05-25-2019, 05:56 AM

https://variety.com/2019/film/news/l...ns-1203224797/

Quote:

Lionsgate has posted a quarterly loss and its revenues and operating income have come in under Wall Street projections, despite growth from its premium cable channel, Starz.

The studio reported a net loss of $24 million, or 11 cents a share, with adjusted operating income of $103 million for its fourth fiscal quarter ended March 31. The earnings per share of 11 cents came in well short of the consensus outlook for 19 cents.

Revenues totaled $914 million, or $22 million under the consensus estimate. Starz reported 24.7 million overall domestic subscribers in the quarter, up 1.2 million from the year-ago quarter, driven by strong over-the-top to more than 4 million subscribers. Starz CEO Chris Albrecht left the company in February.

Starz has been the subject of recent speculation with CBS rumored to have made a $5 billion offer that was spurned. Starz was acquired by Lionsgate in 2016 for $4.4 billion.

During the conference call with Wall Street analysts following the earnings report, Lionsgate CEO Jon Feltheimer said the company does not comment on mergers and acquisitions rumors. Instead, he touted the growth plans for Starzplay streaming service outside the United States with plans for operations in 51 countries by July, achieving profitability by fiscal 2023 with as many as 25 million subscribers. He added that Starzplay Arabia has been particularly successful.

The results did not include the unexpectedly strong box office performance by “John Wick: Chapter 3 — Parabellum,” which opened on May 17 and represents the studio’s first hit since 2017’s “Wonder.” Lionsgate has already green-lit “John Wick 4” for release in 2021.

Things are not looking bright for Lionsgate. They've already done 2 rounds of layoffs, 46 people total, this year alone.

https://variety.com/2019/film/news/l...fs-1203158297/

Hopefully we don't see a buyout, I for one don't want to see their 4k catalog releases end, and have consistently enjoyed many of their theatrical films. Plus of course more studio choice is always nice. What're your guys thoughts? Think they can save themselves or doomed to fail? Imo focusing more on Starz is probably their best bet, as it's had growth.

BluBonnet · 05-25-2019, 06:24 AM

Even JW3 won't make up for these results!

Chaotic · 05-25-2019, 02:43 PM

Quote:

Originally Posted by BluBonnet

Even JW3 won't make up for these results!

Only franchise that has worked in their favor since Hinger Games ended.

BluBonnet · 05-25-2019, 02:44 PM

Quote:

Originally Posted by Chaotic

Only franchise that has worked in their favor since Hinger Games ended.

Yes, exactly.

JustinB13 · 05-25-2019, 02:51 PM

They better not make any Hunger Games prequels. Would I watch them? Yes. Would they be any good? Probably not.

BluBonnet · 05-25-2019, 03:04 PM

Quote:

Originally Posted by JustinB13

They better not make any Hunger Games prequels. Would I watch them? Yes. Would they be any good? Probably not.

It would probably be like Fantastic Beasts, but worse.

LordoftheRings · 05-25-2019, 06:33 AM

Disney's gonna buy Lionsgate; all will be just fine.

Foggy · 05-25-2019, 06:36 AM

This is a shame, Lionsgate is one of the few riskier studios taking punts on original mid-teir productions.

mwynn · 05-25-2019, 11:12 AM

Quote:

Originally Posted by LordoftheRings

Disney's gonna buy Lionsgate; all will be just fine.

If they go up for sale it will be Verizon, Apple, or Amazon.

Poya · 05-25-2019, 11:42 AM

Quote:

Originally Posted by mwynn

If they go up for sale it will be Verizon, Apple, or Amazon.

They’ve been more interested in being bought by Viacom once they’ve re-merged with CBS.

Underworld54 · 05-25-2019, 11:37 AM

They only have themselves to blame, taking a bath on that new Hellboy movie was a key factor.

InuYashaCrusade · 05-25-2019, 12:49 PM

Guess that Power Rangers sequel isn't happening then

starsteam · 05-25-2019, 12:58 PM

Quote:

Originally Posted by InuYashaCrusade

Guess that Power Rangers sequel isn't happening then

Its under development with Paramount and Hasbro now.

InuYashaCrusade · 05-25-2019, 01:03 PM

Quote:

Originally Posted by starsteam

Its under development with Paramount and Hasbro now.

Oh yeah I forgot all about that

brooks101189 · 05-26-2019, 09:55 PM

Quote:

Originally Posted by starsteam

Its under development with Paramount and Hasbro now.

That's likely going to end up being a reboot.

Chaotic · 05-25-2019, 03:24 PM

Quote:

Originally Posted by InuYashaCrusade

Guess that Power Rangers sequel isn't happening then

Or Hellboy

CelluloidPal · 05-25-2019, 03:29 PM

Quote:

Originally Posted by Chaotic

Or Hellboy

To be fair, Hellboy was bankrolled by Millennium Films. Lionsgate just promoted and released it.

InuYashaCrusade · 05-25-2019, 04:21 PM

Quote:

Originally Posted by Chaotic

Or Hellboy

Yeah talk about a disaster of a film, sheesh.

Chaotic · 05-25-2019, 09:48 PM

Quote:

Originally Posted by InuYashaCrusade

Yeah talk about a disaster of a film, sheesh.

Couldn't even make back its fairly low $50M budget WW.

xbs2034 · 05-25-2019, 12:56 PM

I think in general Lionsgate seems to be underperforming a lot except for John Wick, but is a $24 million loss that big of a deal (I actually would have guessed it would be higher, and I’m sure they lost a lot on Hellboy alone). Back in 2017, Sony’s film division once lost $920 million for a quarter and I recall many other studios with quarterly losses over $50 million at times.

https://deadline.com/2017/02/sony-th...ss-1201900718/

05-25-2019, 06:24 AM	#2
BluBonnet Blu-ray King Top contributor Member since:Oct 2009 Trading Score:1	Even JW3 won't make up for these results!

05-25-2019, 02:51 PM	#5
JustinB13 Blu-ray Guru Member since:Mar 2015	They better not make any Hunger Games prequels. Would I watch them? Yes. Would they be any good? Probably not.

05-25-2019, 06:33 AM	#7
LordoftheRings Special Member Top contributor Member since:Mar 2010 Location:Portishead ♫	Disney's gonna buy Lionsgate; all will be just fine.

05-25-2019, 06:36 AM	#8
Foggy Blu-ray Grand Duke Top contributor Member since:Dec 2008 Location:UK 4K collection:29 Blu-ray collection:3594 DVD collection:47	This is a shame, Lionsgate is one of the few riskier studios taking punts on original mid-teir productions.

05-25-2019, 11:37 AM	#11
Underworld54 Blu-ray Count Member since:Dec 2008 Location:Albany NY Blu-ray collection:163 Blu-ray reviews:4 Trading Score:15	They only have themselves to blame, taking a bath on that new Hellboy movie was a key factor.

05-25-2019, 12:49 PM	#12
InuYashaCrusade Blu-ray Prince Member since:Jun 2013 Blu-ray collection:- DVD collection:- Trading Score:17	Guess that Power Rangers sequel isn't happening then

05-25-2019, 12:56 PM	#20
xbs2034 Blu-ray Knight Member since:Feb 2012	I think in general Lionsgate seems to be underperforming a lot except for John Wick, but is a $24 million loss that big of a deal (I actually would have guessed it would be higher, and I’m sure they lost a lot on Hellboy alone). Back in 2017, Sony’s film division once lost $920 million for a quarter and I recall many other studios with quarterly losses over $50 million at times. https://deadline.com/2017/02/sony-th...ss-1201900718/

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