Lionsgate Narrows Quarterly Loss, Boosted by 'Michael' and 'The Housemaid'
Lionsgate reported a narrowed quarterly loss of $29 million, with revenue surging due to strong performances from films like 'Michael' and 'The Housemaid'. These titles significantly contributed to the studio's financial results.
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‘Michael’ Boosts Lionsgate Quarterly Results as Studio Narrows Loss to $29 Million
Shamone! Record-breaking biopic “Michael” helped Lionsgate’s movie division turn in a profit of $105 million — its best-ever result for a June quarter. Lionsgate’s Motion Picture segment revenue of $587.3 million more than doubled from the prior-year quarter. The segment profit was up from a nominal $2.4 million in the year-ago period. The company said […]
By Todd Spangler
Read full article →Lionsgate Sees Revenue Surge From ‘Michael’, ‘The Housemaid’ In June Quarter
Lionsgate Studios posted a strong June quarter as motion picture revenue of $587 million more than doubled from the prior year and profit hit a Q1 record $105 million driven by the billion-dollar worldwide box office of Michael and the strong ancillary performance of The Housemaid. The company said television production revenue and profit fell (to $189 million and […]
By Jillg366
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