Lions Gate Entertainment Stock

Lions Gate Entertainment Corp. (Lionsgate) engages in film, television, subscription, and location-based entertainment businesses in Canada, the United States, and internationally.

The company encompasses motion picture and television studio operations aligned with the STARZ premium global subscription platform to bring a unique and varied portfolio of entertainment to consumers around the world. The company’s film, television, subscription and location-based entertainment businesses are backed by an 18,000-title library and a valuable collection of iconic film and television franchises.

Segments

The company operates through three segments: Motion Picture, Television Production, and Media Networks.

Studio Business

Motion Picture: The company’s Motion Picture segment includes revenues derived from the following:

Theatrical: The domestic theatrical release of motion pictures licensed to theatrical exhibitors on a picture-by-picture basis (distributed by the company directly in the U.S. and through a sub-distributor in Canada). The revenues from Canada are reported net of distribution fees and release expenses of the Canadian sub-distributor. The financial terms that the company negotiates with its theatrical exhibitors in the U.S. generally provide that it receives a percentage of the box office results.

Home Entertainment: The sale or rental of the company’s film productions and acquired or licensed films and certain television programs (including theatrical and direct-to-video releases) on packaged media and through digital media platforms (including pay-per-view and video-on-demand platforms, electronic sell through, and digital rental). In addition, the company has revenue sharing arrangements with certain digital media platforms which generally provide that, in exchange for a nominal or no upfront sales price, it shares in the rental or sales revenues generated by the platform on a title-by-title basis.

Television: The licensing of the company’s theatrical productions and acquired films to the linear pay, basic cable and free television markets. In addition, when a license in the company’s traditional pay television window is made to a subscription video-on-demand (SVOD) or other digital platform, the revenues are included here.

International: The licensing of the company’s productions, acquired films, its catalog product and libraries of acquired titles to international distributors, on a territory-by-territory basis, and the direct distribution of its productions, acquired films, and its catalog product and libraries of acquired titles in the United Kingdom.

Other: Among others, the licensing of the company’s film and television and related content (e.g., games, music, location-based entertainment royalties, etc.) to other ancillary markets.

Television Production: The company’s Television Production segment includes revenues derived from the following:

Television: The licensing to domestic markets (linear pay, basic cable, free television and syndication) of scripted and unscripted series, television movies, mini-series and non-fiction programming. Television revenues include fixed fee arrangements as well as arrangements in which the company earns advertising revenue from the exploitation of certain content on television networks. Television revenues also include revenue from licenses to SVOD platforms in which the initial license of a television series is to an SVOD platform.

International: The licensing and syndication to international markets of scripted and unscripted series, television movies, mini-series and non-fiction programming.

Home Entertainment: The sale or rental of television production movies or series on packaged media and through digital media platforms.

Other: Among others, the licensing of the company’s television programs to other ancillary markets, the sales and licensing of music from the television broadcasts of its productions, and from commissions and executive producer fees earned related to talent management.

Media Networks

The company’s Media Networks segment includes revenues derived from the following:

Starz Networks: The domestic distribution of the company’s STARZ branded premium subscription video services through over-the top (OTT) streaming platforms and distributors, on a direct-to-consumer basis through the Starz app, and through U.S. multichannel video programming distributors (MVPDs) including cable operators, satellite television providers and telecommunications companies (collectively, Distributors) (and in the aggregate, the Starz Domestic Platform).

LIONSGATE+: The OTT distribution of the company's STARZ branded premium subscription video services outside of the U.S.

The Starz Domestic Platform together with the LIONSGATE+ platforms are referred to as the Starz Platforms.

Segment Revenue

For the year ended March 31, 2023, contributions to the company’s consolidated revenues from its reporting segments included Motion Picture 34.3%, Television Production 45.7% and Media Networks 40.1%, and intersegment revenue eliminations represented (20.1)% of consolidated revenues.

Within the Motion Picture segment, revenues were generated from theatrical, 9.1%; home entertainment, 45.1%; television, 16.5%; international, 27.6%; and motion picture-other, 1.7%.

Within the Television Production segment, revenues were generated from television, 65.0%; international, 15.8%; home entertainment, 13.9%; and television production-other, 5.3%.

Within the Media Networks segment, revenues were generated Starz Networks, 90.3%; and LIONSGATE+, 9.7%.

The company manages a large and diversified portfolio of film and television content that it licenses to theatrical exhibitors, streaming, broadcast, pay cable and other platform partners worldwide. The company maintains a disciplined, targeted and approach to the acquisition, production, marketing and distribution of that content. The company’s strategic focus on content makes it a preferred supplier to third-party buyers, as well as its own STARZ platform. The extension of the company’s portfolio of brands and franchises, creation of new intellectual properties and rigorous focus on retaining key rights to its content is designed to create incremental long-term value for its shareholders through a combination of current releases and one of the most valuable film and television libraries in the world.

Studio Business: Motion Picture

Motion Picture - Theatrical

Production and Acquisition

The company’s approach to acquiring films complements its theatrical production strategy - it typically seeks to limit its financial exposure while adding films with high potential for commercial box office success, critical recognition and successful monetization across a broad array of platforms.

Distribution

The company generally distributes motion pictures directly to movie theaters in the U.S. whereby the exhibitor retains a portion of the gross box office receipts and the balance is remitted to the distributor. Concurrent with their release in the U.S., films are generally released in Canada and may also be released in one or more foreign countries. The company constructs release schedules taking into account moviegoer attendance patterns and competition from other studios' scheduled theatrical releases. After the initial theatrical release, distributors seek to maximize revenues by releasing films in sequential release date windows, which may be exclusive against other non-theatrical distribution platforms. In certain circumstances, the company’s distribution strategy has and may continue to change, and certain films intended for theatrical release may be licensed to other platforms.

Producing, marketing and distributing films can involve significant risks and costs, and can cause the company’s financial results to vary depending on the timing of a film’s release. For instance, marketing costs are generally incurred before and throughout the theatrical release of a film and, to a lesser extent, other distribution windows, and are expensed as incurred. Therefore, the company typically incurs losses with respect to a particular film prior to and during the film’s theatrical exhibition, and profitability for the film may not be realized until after its theatrical release window.

Theatrical Releases

For the fiscal year ended March 31, 2023, the company released twenty (20) films theatrically in the U.S. across its labels (including partnership with Roadside Attractions). The company also made changes to release dates, as well as release strategies of several of its films by releasing solely and/or earlier on streaming platforms, initially releasing on premium video-on-demand (PVOD), premium electronic sell-through, or by licensing directly to streaming platforms.

Nominations and Awards

Lionsgate and affiliated companies (including its wholly-owned subsidiaries, Artisan Pictures, Mandate Pictures and Summit Entertainment, and Roadside Attractions, of which Lionsgate owns a 43% equity interest) have distributed films that have earned 134 Academy Award nominations and 32 wins, as well as numerous Golden Globe Awards, Producers Guild Awards, Screen Actors Guild Awards, Directors Guild Awards, BAFTA Awards and Independent Spirit Awards nominations and wins.

Motion Picture - Home Entertainment

The company’s the U.S. home entertainment distribution operation exploits its film and television content library of 18,000 motion picture titles and television episodes and programs, consisting of titles from, among others, Lionsgate, its subsidiaries, affiliates and joint ventures (such as STARZ, Summit Entertainment, Anchor Bay Entertainment, Artisan Entertainment, Grindstone Entertainment Group, Roadside Attractions, Trimark and Vestron), as well as titles from third parties such as A24, A&E, AMC, Entertainment Studios, Saban Entertainment, StudioCanal, Zoetrope, Gravitas, and Tyler Perry Studios. Home entertainment revenue consists of packaged media and digital revenue.

Packaged Media

Packaged media distribution involves the marketing, promotion, sale and/or lease of DVDs/Blu-ray/4K Ultra HD discs to wholesalers and retailers in the U.S. and Canada who then sell or rent such discs to consumers for private viewing. Fulfillment of physical distribution services are substantially licensed to Sony Pictures Home Entertainment. The company distributes or sells content directly to retailers, such as Wal-Mart, Best Buy, Target, Amazon and others who buy large volumes of its discs to sell directly to consumers. The company also directly distribute content to the rental market through Redbox, Netflix and others.

Digital Media

The company considers alternative distribution strategies for its films and releases several titles solely and/ or in an accelerated post-theatrical window on various digital platforms (including multi-platform distribution). The company directly distributes this and other content (including certain titles not distributed theatrically or on physical media) across a wide range of global distribution platforms and networks on an on-demand basis (whereby the viewer controls the timing of playback) through dozens of transactional (transactional video-on-demand and electronic-sell-through), subscription, ad-supported and free video-on-demand platforms. The company also directly distributes content on a linear distribution basis (i.e., whereby the programmer controls the timing of playback) through various linear pay, basic cable, and free, over-the-air television platforms worldwide. SVOD services to which it licenses the company’s content include, among others, Netflix, Hulu, Amazon’s Prime Video, Peacock, Paramount+ and Max; ad-supported video-on-demand services to which it licenses its content include, among others, The Roku Channel, Tubi TV, YouTube, Freevee, Samsung and Pluto; and linear networks to which it distributes content include, among others, pay television networks, such as STARZ, EPIX, HBO and Showtime, and basic cable network groups, such as NBCUniversal Cable Entertainment, Paramount Global Domestic Media Networks, Disney Media & Entertainment Distribution Networks, Warner Media Entertainment Networks, A+E Networks and AMC Networks, as well as Bounce, Telemundo and UniMás.

Motion Picture - Television

The company licenses its theatrical productions and acquired films to the domestic linear pay, basic cable and free television markets.

Motion Picture - International

The company’s international sales operations are headquartered at its offices in London, England. The primary components of the company’s international business are, on a territory-by-territory basis through third parties or directly through its international divisions:

The licensing of rights in all media of the company’s in-house feature film product and third party acquisitions on an output basis;

The licensing of rights in all media of the company’s in-house product and third party acquisitions on a sales basis for non-output territories;

The licensing of third party feature films on an agency basis; and

Direct distribution of theatrical and/or ancillary rights licensing.

The company licenses rights in all media on a territory-by-territory basis (other than the territories where the company self-distributes) of its in-house Lionsgate and Summit Entertainment feature film product, and films produced by third parties, such as Silver Reel, Buzzfeed, Ace Entertainment and other independent producers. Films licensed and/or released by the company internationally in fiscal 2023 included such in-house productions as John Wick: Chapter Four, Unbearable Weight of Massive Talent, Prey For the Devil, Bagman, Dirty Dancing, Mindcage, Motherland, Alice Darling, Ballad of Songbirds and Snakes, One Ranger, Untitled Saw, Float, Puppy Love, Love in Taipei, The Blackening, Imaginary and Miller’s Girl. Third party films for which the company was engaged as exclusive sales agent and/or released by it internationally in fiscal 2023 included Paradise Highway.

Through its territory-by-territory sales and output arrangements, the company generally covers a substantial portion of the production budget or acquisition cost of new theatrical releases which it licenses and distributes internationally. The company’s output agreements for Lionsgate and Summit feature films cover Scandinavia and France. These output agreements generally include all rights for all media (including home entertainment and television rights). The company also distributes theatrical titles in Latin America through its partnership with International Distribution Company, as well as theatrical rights in Canada through its prior partnership with Mongrel Media and its new distribution arrangement with Cineplex.

The company also self-distributes motion pictures in the United Kingdom and Ireland through Lions Gate International UK (Lionsgate UK). Lionsgate UK has established a reputation in the United Kingdom as a leading producer, distributor and acquirer of commercially successful and critically acclaimed product.

Additionally, the company’s office in India manages operations and growth opportunities in the South Asian/Indian sub-continent. Through its local office in Mumbai, the company manages the following activities:

License the company’s feature films, television series, library content to local linear and digital platforms;

Appoint and work closely with theatrical distribution partners to maximize box office for the company’s films;

Partner with local production companies, as well as develop in-house, Indian local language television series and feature films for distribution across other media platforms;

Continue to expand the company’s STARZ’s offering in the region and across emerging Asian markets (branded as Lionsgate Play), through its direct-to-consumer launch and in collaboration with telco and broadband partners, Amazon and Apple TV; and

Explore investment opportunities throughout the South Asian and South East Asian media market.

Motion Picture - Other

Global Products and Experiences

The company’s Global Products and Experiences division drives incremental revenue and builds consumer engagement across its entire portfolio of properties via licensing and launching live shows and experiences, location-based entertainment destinations, games, physical and digital merchandise, and through select strategic partnerships and investments.

Within the division, the company’s Global Live Entertainment business focuses on licensing, developing, and producing live stage shows, concerts, and live immersive experiences and events based on its theatrical and television content. The company has announced multiple live entertainment projects, including Wonder, Nashville and La La Land for Broadway, as well as a live dance show inspired by its Step Up film franchise in partnership with Channing Tatum and Free Association.

The company’s Interactive Entertainment business focuses on growing a slate that includes games across PC/console, mobile, virtual reality and more, both through stand-alone games based solely on its content and the integration of its properties with marquee games, such as Call of Duty, Dead By Daylight and Evil Dead: The Game, as well as Web3 projects, including the SANDBOX.

The company’s Location Based Entertainment business licenses and produces its Lionsgate, theatrical, and television brands for theme parks, destinations, and stand-alone attractions and experiences. In January 2022, the company opened an expansion of the Lionsgate zone at Motiongate Dubai featuring new John Wick and Now You See Me attractions, and in February 2023, it opened Saw: The Experience in London.

The company’s Consumer Products business licenses and develops products around its leading film and television properties, including John Wick, The Hunger Games, Twilight, Saw and Mad Men. In July 2022, the company signed an agreement with IMG for global consumer products representation. The company’s merchandise is available in the Lionsgate Store, its official ecommerce shop, and at many well- known retail outlets, such as Hot Topic and Target. The company is developing new offerings across a broad range of categories with best in class licensees, including American Classics, Ripple Junction, Goodie Two-Sleeves, Hot Toys, Funko and more.

Music

The company manages music for its theatrical and television slates, including overseeing songs, scores and soundtracks for all of its theatrical productions, co-productions and acquisitions, as well as music staffing, scores and soundtracks for all of its television productions. Music revenues are derived from the sales and licensing of music from the company’s films, television, and other productions, and the theatrical exhibition of its films and the broadcast and webcast of its productions.

Ancillary Revenues

Ancillary revenues are derived from the licensing of films and television content at non-theatrical venues including educational and institutional facilities, U.S. military bases, oil rigs, hospitals, hotels, prisons, and on all forms of common carrier transportation, including airlines and ships.

Studio Business: Television Production

The company’s television business consists of the development, production, syndication and distribution of television programming. The company principally generates revenue from the licensing and distribution of such programming to broadcast television networks, pay and basic cable networks, digital platforms and syndicators of first-run programming, which license programs on a station-by-station basis and pay in cash or via barter (i.e., trade of programming for airtime). Each of these platforms may acquire a mix of original and library programming.

After initial exhibition, the company distributes programming to subsequent buyers, both domestically and internationally, including basic cable network, premium subscription services or digital platforms (known as off-network syndicated programming). Off-network syndicated programming can be sold in successive cycles of sales which may occur on an exclusive or non-exclusive basis. In addition, television programming is sold on home entertainment (packaged media and via digital delivery) and across all other applicable ancillary revenue streams, including music publishing, touring and integration.

As with film production, the company uses tax credits, subsidies, and other incentive programs for television production in order to maximize its returns and ensure fiscally responsible production models.

Television Production - Television

Lionsgate Television

The company produces, syndicates and distributes nearly 80 television shows on more than 35 networks (including programming produced by Pilgrim Media Group, of which it owns a majority interest).

For the fiscal year ended March 31, 2023, scripted and unscripted programming produced, co-produced or distributed by the company and its affiliated entities, as well as programming syndicated by its wholly-owned subsidiary, Debmar-Mercury.

Television Production- International

The company continues to expand its television business through international sales and distribution of original Lionsgate television series, Starz original programming, third party television programming and format acquisitions via packaged media and various digital platforms. Lionsgate UK also continues to build a robust television business alongside its premier film brand through its various joint ventures and investments.

Television Production - Other

Other revenues are derived from, among others, the licensing of the company’s television programs to other ancillary distributors, the sales and licensing of music from the television broadcasts of its productions, and from its interest in 3 Arts Entertainment, a talent management company. 3 Arts Entertainment receives commission revenue from talent representation and are producers on a number of television shows and films where they receive an executive producer fee and back-end participations.

Media Networks

Media Networks - Starz Networks - United States

Starz Networks is a leading provider of premium subscription video programming to consumers in the U.S. The company sells its services on a direct-to-consumer basis and through various distributors, including OTT providers (such as Amazon, Apple, Google and Hulu) and MVPDs (such as Comcast, Charter, DIRECTV and DISH Network).

The company’s flagship premium service STARZ had 20.3 million subscribers as of March 31, 2023. STARZ offers premium original series and recently released and library movies without advertisements. The company’s other services, STARZ ENCORE and MOVIEPLEX, offer theatrical and independent library movies, as well as original and classic television series also without advertisements. The company’s services include a stand-alone, direct-to-consumer app, 17 linear networks, and on-demand and online viewing platforms. The company’s app and online viewing platforms offer thousands of monthly movies and series episodes from studio partners, including first-run content, along with a growing line-up of successful original programming. The company’s services are offered directly to consumers via the STARZ app and via its website at www.starz.com as well as through its retail partners (such as Apple and Google) for a recurring fee, or by its distributors to their subscribers either at a recurring price as part of a programming tier, package or bundle with other products or services, or on an a la carte basis.

Demographics and Strategy

Designed to complement any television offering for general audiences across both wholesale and retail OTT, as well as traditional MVPD distribution platforms, STARZ is a best-in-class subscription service delivering premium original series and hit movies with appeal to women and diverse audiences worldwide.

The company focuses on developing and distributing authentic and engaging programming that resonates with women, African American, Latinx and LGBTQIA audiences, all of which have been traditionally underserved in the premium television space.

Across its digital platforms, the STARZ app provides an alternative for subscribers looking for a competitively priced option. Subscribers have access to a vast library of quality content and a top-rated user experience, along with the ability to download and watch STARZ original series, blockbuster theatricals and favorite classic TV series and movies without an internet connection.

Affiliation Agreements

The company’s services are distributed pursuant to affiliation agreements with its distributors. The company earns revenue under these agreements either based on amounts or rates tied to the total number of subscribers who receive its services or based on amounts or rates which are not tied solely to the total number of subscribers who receive its services. The company’s affiliation agreements expire at various dates into 2027.

The company works with its distributors to increase the number of subscribers to its services. To accomplish this, the company may help fund the distributors’ efforts to market its services or may permit distributors to offer limited promotional periods with discounted or no payment of subscriber fees.

Distributors report the number of subscribers to the company’s services and pay for services, generally, on a monthly basis. The agreements are generally structured to be multi-year agreements with staggered expiration dates and certain of the agreements provide for annual contractual rate increases.

STARZ App

The STARZ app is the single destination for both direct OTT subscribers and distributor authenticated subscribers to stream or download its original series and movie content. The STARZ app:

Is available for purchase as a standalone OTT service for a recurring monthly fee;

Is available on a wide array of platforms and devices, including Amazon Fire, iOS, Android and Roku, among others;

Includes on-demand streaming and downloadable access for internet-free viewing;

Offers instant access to thousands of selections each month (including STARZ original series and commercial free movies); and

Is available as an additional benefit to paying MVPD subscribers of the Starz Networks’ linear premium services.

Starz Original Programming

STARZ is a leader in high-quality, bold premium programming developed for women and underrepresented audiences. Its slate is driven by critically-acclaimed and award-winning scripted original series with highly-engaged audiences.

STARZ Original Series like Outlander and Power have become tentpole franchises with multiple spinoff and derivative series to meet audience demand. STARZ also has brought audiences groundbreaking new series including P-Valley, BMF, and The Serpent Queen, among many others.

STARZ is dedicated to bringing its audiences new content throughout the year with approximately 100 new episodes on its slate each year.

Starz Networks contracts with Lionsgate’s Television Production segment and other independent studios and production companies to produce original programming that appears on the company’s Starz services.

Output and Content License Agreements

The majority of acquired content on the company’s services consists of movies that have been released theatrically. Starz has an exclusive multiyear output licensing agreement with Lionsgate for Lionsgate label titles theatrically released in the U.S. starting January 1, 2022, and for Summit label titles theatrically released in the U.S. starting January 1, 2023. Starz also has an exclusive multiyear post pay-one output licensing agreement with Universal for live-action films theatrically released in the U.S. starting January 1, 2022. The Universal agreement provides Starz with rights to exhibit these films immediately following their pay-one windows. In addition, the company continues to exhibit films under its exclusive Sony output agreement, which covers qualifying movies released theatrically in the U.S. by certain Sony labels through December 31, 2021.

Under these agreements, Starz has valuable exclusive rights to air these new movies on linear television services, on-demand or online during two separate windows, with at least one year between the first and second windows. Generally, except on a VOD or pay-per-view basis, no other linear service, online streaming or other video service may air or stream these recent releases during Starz’s windows.

Starz also licenses first-run independent feature films acquired through U.S. and international film festivals and other sources as well as library content comprised of older, previously released theatrical movies from many of Hollywood’s major studios. In addition to theatrical movies, Starz licenses television series and other content from studios, production companies or other rights holders. The rights agreements for library content are of varying duration and generally permit Starz’s services to exhibit these movies, series and other programming during certain window periods.

The company’s output agreements generally require it to pay for movies at rates calculated on a pricing grid that is based on each film’s domestic box office performance (subject to maximum amounts payable per movie and a cap on the number of movies that can be put to Starz each year). The amounts Starz pays for library content vary based on each specific agreement, but generally reflect an amount per movie, series or other programming commensurate with the quality (e.g., utility and perceived popularity) of the content being licensed.

Transmission

The company uplinks its programming for its linear services to non-pre-emptible, protected transponders on two satellites positioned in geo-synchronous orbit. These satellites feed the company’s signals to various swaths of the Americas. The company leases these transponders under recently renewed multi-year agreements. The company transmits to these satellites from its uplink center in Englewood, Colorado, but will be moving its primary uplink facilities from the Englewood location and outsourcing them to a third party starting in the fall of 2023.

Regulatory Matters

In the U.S., the Federal Communications Commission (the FCC) regulates several aspects of the company’s and its distribution ecosystem’s operations and programming. This includes FCC oversight in connection with communications satellites and related uplink/downlink equipment and transmissions, content-specific requirements, such as closed captioning, messaging during children’s programming, loudness of commercials, and program access requirements in connection with certain distributors and programmer services with shared attributable interests.

Regulation

Media Networks - LIONSGATE+ - International

Starz is available in nearly 50 countries outside the U.S. through the company’s four (4) international branded services: LIONSGATE+ in the UK, Ireland, Latin America and Australia; STARZ in Canada; LIONSGATE PLAY in India; and through its STARZPLAY Arabia joint venture in the Middle East and North Africa. The company offers its branded services on a direct-to-consumer basis and through various distributors, including OTT providers (such as Amazon and Claro) as well as local internet protocol television (“IPTV”), cable and satellite companies (such as Airtel, Izzi, DISH Mexico and Sky Brasil). Across these services, Starz had 10.0 million subscribers as of March 31, 2023 (including OTT subscribers totaling 0.6 million in the international territories still to be exited). The remainder of this section addresses the offerings operated by LIONSGATE+ in the U.K., Ireland, Latin America and Australia.

International Strategy

LIONSGATE+ is quickly growing its distribution by strategically positioning itself as a complementary pure-play premium content service offered at a competitive subscription price, made available through a diverse ecosystem of wholesale and retail distribution partners. Premium content that targets all adults is the foundation of the company’s international content strategy.

The company’s distribution strategy is led with a wholesale model and supplemented through direct OTT retail sales.

Affiliation Agreements

The company’s services are distributed pursuant to affiliation agreements with its distributors under a wholesale license, where LIONSGATE+ is sold as an a la carte channel or bundled within its distributors’ platforms, including Amazon and Apple, as well as local IPTV, cable, satellite and telco partners. The company’s wholesale distributors manage the technology and infrastructure associated with the exhibition of LIONSGATE+ in exchange for recurring license fees. The company’s affiliation agreements expire at various dates through 2026.

LIONSGATE+ App

To enhance its subscriber reach, the company modified its domestic (U.S.) STARZ retail app for deployment internationally to include, among other new features, full European Union General Data Protection Regulation compliance, support for local languages, multiple audio/closed captioning options and a variety of potential carrier/billing integrations.

The LIONSGATE+ app is the single destination for direct OTT subscribers to stream on-demand or download its original series and movie content. The LIONSGATE+ app:

Is available in twenty-one (21) countries across Europe and Latin America, including the U.K., Mexico, Brazil, and Argentina;

Is offered directly via the LIONSGATE+ website or via retail storefronts, such as the Apple Store, Play Store, Roku Channels, LG, Samsung and Amazon Fire;

Includes a language toggle allowing users to select their preferred language for viewing;

Offers instant access to approximately 1,000 selections each month (including original series and commercial free movies); and

Is available for purchase as a standalone OTT service for a recurring monthly fee.

LIONSGATE+ Programming

LIONSGATE+ programming is driven by the slate of STARZ Original Series and is supplemented with high-quality, bold premium original series that have proven success in the U.S. on other platforms, such as Dr. Death and The Great. Additionally, LIONSGATE+ delivers local language scripted original series to its audiences in Latin America, including Brazil.

LIONSGATE+’s fiscal 2023 first-run original programming included:

Significant multi-country library programming agreements include those with Paramount, Sony, Universal and Lionsgate.

History

Lions Gate Entertainment Corp. was founded in 1986. The company was incorporated in 1986.