Starz was the subject of buyout speculation this spring with CBS rumored to have made a $5 billion offer that was spurned. Starz was acquired by Lionsgate in 2016 for $4.4 billion.
Our Television Group had its best development season ever, 'John Wick: Chapter 3' reaffirmed our thesis that mid-priced action films have a valuable place in the market, and Starz achieved strong growth in its domestic OTT business while continuing to expand its premium SVOD platform around the world." "We're pleased to report strong financial results in the quarter and a great start to the fiscal year," said Lionsgate chief executive officer Jon Feltheimer. "All of our businesses are performing well.
Motion picture segment revenues increased by 8.9% to $397.8 million in the quarter due to the strong theatrical performance of "John Wick: Chapter 3." Segment profits declined from the prior year quarter to $7.6 million due an increase in P&A spending associated with a greater number of theatrical releases during the quarter.
Television production segment revenues of $279.8 million were largely in line with the prior year quarter while segment profits increased 60.3% to $25 million driven by the timing of episodic deliveries.” />
"John Wick: Chapter 3 — Parabellum" opened on May 17 and represents the studio's first hit since 2017's "Wonder" with $170 million in box office in North America and another $150 million internationally. Lionsgate has already green-lit "John Wick 4" for release in 2021.
Lionsgate has posted revenues and operating income above Wall Street projections for its first fiscal quarter of 2019, amid growth from premium cabler Starz and a strong performance from "John Wick: Chapter 3."
Starz ended the quarter with 26.5 million total global subscribers, up 2.6 million from the prior year quarter, and 24.4 million total domestic subscribers. Starz domestic over-the-top subscribers grew 400,000 sequentially to 4.4 million, its third best subscriber growth quarter ever.
Lionsgate reported revenue of $963.6 million — $1 million above consensus estimates — and operating income before depreciation and amortization of $67.3 million, topping estimates by $3.7 million, for the quarter that ended June 30. Net loss per share was 2 cents, half of what had been forecast.
Segment profits for domestic Starz Networks business increased by 3.4% to $103.7 million. Media networks segment revenues increased by 4.9% to $372.4 million driven by strong over-the-top subscriber growth.

That haul marks the fifth-highest grossing global debut for Universal behind "The Fate of the Furious," "Jurassic World," "Furious 7" and "Fifty Shades of Grey." The high-octane standalone vehicle, starring Dwayne Johnson and Jason Statham, kicked off in North America with $60 million for a global start of $180 million.
Outside of the States, "Hobbs & Shaw" had the strongest opening in Russia with $8.1 million, followed by the United Kingdom and Ireland with $7.8 million and Indonesia with $7.6 million. It launches in China on Aug. 23. Other top territories include India ($7.4 million), Mexico ($6.9 million), Japan ($6.5 million) and Taiwan ($6.2 million).
The third installment in the Keanu Reeves-led series has now earned $320 million worldwide, making it the most successful iteration yet.” /> In other box office benchmarks, Lionsgate's "John Wick: Chapter 3 – Parabellum" hit $150 million overseas.
Universal's "Fast & Furious" spinoff "Hobbs & Shaw" was firing on all cylinders this weekend, generating $120 million at the international box office.
The animated sequel pocketed $10 million this weekend, boosting revenues to $549 million at the international box office and $959 million worldwide. Fellow Disney release "Toy Story 4" is nearing a box office milestone of its own as ticket sales inch closer to the $1 billion mark.
Jon Favreau's remake is now the second-biggest movie of the year globally with $1.195 billion. Among holdovers, Disney's "The Lion King" had another mighty weekend, collecting $72 million for an international bounty of $764 million.
1 in 52 of those territories. The good news is the "Fast & Furious" franchise has a massive overseas following. "Hobbs & Shaw" carries a hefty $200 million price tag, meaning the film needs to become a global hit to turn a profit. It debuted in 63 international markets, placing No. The eighth films in the action series have grossed over $5 billion worldwide.
Helen Mirren and Vanessa Kirby also star. David Leitch directed "Hobbs & Shaw," the first spinoff in the "Fast & Furious" universe. The movie teams up Johnson and Statham's hulking characters Luke Hobbs and Deckard Shaw to defeat a genetically enhanced anarchist, played by Idris Elba.

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Comscore senior media analyst Paul Dergarabedian said the 2019 slate — held down by a slow start in January and February — could still top last year's record-setting total of $11.9 billion.
Universal's second session of "A Dog's Journey" was seventh with $5.5 million at 3,279 sites, lifting its 11-day total to $16.4 million. United Artists' third weekend of "The Hustle" followed in eighth with $4.8 million at 2,377 locations to pass $30 million in 18 days.
Disney's ninth weekend of "Dumbo" made $1.3 million at 346 locations to give the reboot $113 million after 60 days — just ahead of what "Aladdin" grossed in its first four days. Sony's fourth weekend of "The Intruder" pulled in $2.9 million at 1,612 venues to finish ninth, followed by Lionsgate's fourth frame of "Long Shot" with $2.1 million at 1,354 sites to round out the top 10.
"It's going to take patience and time to erase more of the current deficit as a series of upcoming blockbusters will take a strong stand against last year's comps and with the massive slate on tap, including Disney's own 'The Lion King,' the opportunity to pull ahead of last year is certainly not an impossible task," he added.
Sony's launch of horror-thriller "Brightburn" came in fifth with $9.5 million at 2,607 venues, and United Artists-Annapurna's opening of teen comedy "Booksmart" followed with $8.7 million at 2,505 locations. Both debuted slightly below pre-release forecasts.
Disney's live-action "Aladdin" soared far above the competition in North America, with an estimated $112.7 million at 4,476 sites over four days.
Disney holds the record for the holiday, with 2007's "Pirates of the Caribbean: At World's End" at $139 million. It's the fifth-highest Memorial Day weekend total ever, topping "X-Men: Days of Future Past's" 2014 mark of $110.4 million.
"Aladdin" easily outperformed Disney's pre-opening domestic projections, which were in the $75 million to $85 million range for the four days — and underlined the validity of the studio's strategy of rebooting its animated classics such as "Beauty and the Beast" and "The Jungle Book." In this case, it remade the original 1992 animated movie with Mena Massoud as Aladdin, Will Smith as the Genie, Naomi Scott as Jasmine and Marwan Kenzari as Jafar. Guy Ritchie directed.
Overall 2019 domestic box office reached $4.34 billion as of Sunday, 10% behind last year's total, despite "Avengers: Endgame's" massive haul. Upcoming releases during the next month include "Godzilla: King of the Monsters," "The Secret Life of Pets 2," "Men in Black: International" and "Toy Story 4." Disney's live-action reboot of "The Lion King" opens on July 19 — 25 years after the original animated blockbuster dazzled audiences with $422 million domestically.
It's also the second-biggest worldwide performer ever with $2.68 billion, or about $100 million short of "Avatar." Disney's fifth weekend of "Avengers: Endgame" followed with $22.3 million at 3,810 locations, increasing its domestic take to $803.3 million. "Endgame" is the second-highest North American grosser of all time, following Disney's "Star Wars: The Force Awakens" at $936 million.
Lionsgate's second weekend of "John Wick: Chapter 3" finished a distant second with $31 million, giving the Keanu Reeves actioner about $107.6 million domestically in its first 11 days. The studio announced a week ago that it had already greenlit "John Wick 4" for 2021.
The family adventure will finish the frame at the $120 million mark. Warner Bros.' third weekend of "Pokemon Detective Pikachu" followed in fourth place over the holiday weekend with $17 million at 3,824 sites.

Disney distribution chief Cathleen Taff told Variety that she's particularly pleased that "Aladdin" has racked up a 93% audience score on Rotten Tomatoes and an "A" Cinemascore. The site recently revised its scoring in that measurement to limit responses to verified ticket buyers.
"Aladdin" has outperformed Disney's pre-opening domestic projections, which were in the $75 million to $85 million range, taking in $86.1 million in its first three days. Guy Ritchie directed "Aladdin," produced by Dan Lin and Jonathan Eirich. The reboot of the original 1992 animated movie — which generated $502 million in worldwide box office — stars Mena Massoud as Aladdin, Will Smith as the Genie, Naomi Scott as Jasmine and Marwan Kenzari as Jafar.
"'Aladdin' is performing exactly the way we were hoping," Taff added. "We should see strong performance in the coming weeks as we get into the summer season."
The family adventure will finish the weekend at the $120 million mark in North America. Warner Bros.' third weekend of "Pokemon Detective Pikachu" will follow in fourth with about $17 million.
Comscore estimated that total domestic business for the four-day weekend was $226 million. That was about $1.8 million shy of the total for the same frame last year, when "Solo: A Star Wars Story" launched with $103 million. The top Memorial Day weekend took place in 2013 when "Fast and Furious 6" launched and North American moviegoing totaled $314 million for the four days.
"Aladdin" is the third biggest launch of 2019, following the record-setting $357 million for "Avengers: Endgame" and $153 million for "Captain Marvel."
"Aladdin" is also dominating moviegoing internationally with $121 million in 56 markets. It's the sixth-highest Memorial Day weekend total ever, topping the 2011 mark of $103.4 million for "The Hangover Part II." The top total came in 2007, when "Pirates of the Caribbean: At World's End" took in $139 million in its first four days.
The lag is due to a dismal performance during the first two months of this year. Overall moviegoing for 2019 has hit $4.34 billion as of Sunday, down 10% from the same point last year.
"A very solid Memorial Day weekend was led by the bigger-than-expected performance of Disney's 'Aladdin' conjured up huge numbers of moviegoers looking for the perfect family-friendly treat over the extended holiday weekend," he said.
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"A very strong 22% said they would see the film again in theatres — much higher than the norm of 14%," noted Paul Dergarabedian, Comscore's senior media analyst.
Notably, 39% said their affection for the original was their primary reason for seeing the film, a high percentage that reflects moviegoers' love for the "Aladdin" brand and the characters in the film. Comscore’s PostTrak general audience survey found that 67% of patrons said they would "definitely recommend" the film to their friends.
The actioner will wind up the holiday weekend with $107 million domestically. Lionsgate's second session of "John Wick: Chapter 3" should be runner-up with $30.5 million following its surprisingly strong opening of $56.8 million.
Disney's live-action "Aladdin" is flying high with an estimated $105 million in North America during the four-day Memorial Day holiday weekend.
Both were positioned as counter-programmers to "Aladdin" and finished slightly below forecasts. Sony's launch of horror-thriller "Brightburn" should pull in about $9 million for the holiday weekend to finish fifth and United Artists-Annapurna's teen comedy "Booksmart" will open in sixth at around $8 million.
Disney's fifth frame of "Avengers: Endgame" will finish third in the $22 million range, increasing its haul to about $803 million domestically by the end of Memorial Day. "Endgame" trails only "Star Wars: The Force Awakens" in domestic gross, with the space saga having grossed $936 million.

The mega-tentpole has hit $2.68 billion in worldwide box office as of Sunday, leaving it about $110 million behind the final $2.79 billion for the current champion "Avatar." "Avengers: Endgame" took in $32 million globally over the weekend, including $16.8 million in North America through Sunday.
Mexico generated the top opening in Latin America with an estimated $9.2 million for three days, 121% ahead of "Cinderella" with a 65% market share. Aladdin is the top release this year in Indonesia as well as the second highest in India and Vietnam. It also scored the third highest opening weekend to date in 2019 in Australia, New Zealand and the Philippines.
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Disney's "Aladdin" is showing plenty of worldwide drawing power with $121 million overseas for the weekend, opening in first place in nearly all international markets.
The U.K. The "Pets" sequel opened with $4.1 million. Disney said that in Europe, "Aladdin" is tracking ahead of "Maleficent" and "Cinderella" for the same markets. is the top European market with $8.4 million ahead of openings of both "Rocketman" and "The Secret Life of Pets 2," which both debuted ahead of their US launches.
The reboot stars Mena Massoud as Aladdin, Will Smith as the Genie, Naomi Scott as Jasmine and Marwan Kenzari as Jafar. Guy Ritchie directed “Aladdin,” produced by Dan Lin and Jonathan Eirich. The original 1992 animated movie generated $502 million at the worldwide box office.
Italy generated $6.6 million for "Aladdin" in its second highest opening weekend to date in 2019, behind only "Avengers: Endgame" with a 52% market share. "Aladdin" also posted the second highest opening weekend to date in 2019 in Spain, 37% ahead of "Maleficent" with a 60% market share.
"John Wick: Chapter 3" grossed $24.8 million from 74 markets this weekend, pushing the international total to $74.4 million. China led the way with $7.2 million for an $84 million total after three weeks. Warner Bros.' "Pokemon: Detective Pikachu" pulled in $24.3 million this weekend on 17,225 screens in 72 markets, lifting the overseas total to $236.8 million and the total worldwide gross to $352.9 million.
China leads the way with an estimated $18.7 million for its three days for a first-place finish. The reboot of the 1992 animated classic has received strong family attendance with a significant gain on Saturday and Sunday.
Disney-Marvel's "Avengers: Endgame" took in $15 million internationally over the weekend to lift its total to $1.88 billion. China is the top international market by far with $629 million as the final gross, making it the third highest film in that market behind only "Wolf Warrior 2" and "The Wandering Earth." "Avengers: Endgame" has crossed $110 million in the UK, where it is all-time highest grossing movie.

Television production segment revenues decreased by 11% to $921 million in the year due to timing of certain titles. Segment profits decreased by 41% to $66 million.
The report did not include the unexpectedly strong box office performance by "John Wick: Chapter 3 — Parabellum." Lionsgate has already green-lit "John Wick 4" for release in 2021.
Shares of Lionsgate declined slightly in after-hours trading by 4 cents to $15.99. The stock has declined by 50% in the last 16 months.” /> Lionsgate made the earnings announcement on Thursday at the close of trading on the New York Stock Exchange.
Motion Picture segment revenues decreased by 20% to $1.46 billion in the year due to a smaller film slate over the prior year. Segment profits decreased by 28% to $129 million. The studio's top domestic performer during the fiscal year was the final "Madea" movie, "Tyler Perry's A Madea Family Funeral."
“We’ve refilled our film and television content pipelines, refocused on extracting maximum value from our franchise properties and are capitalizing on an extraordinary opportunity to continue Starz’s global expansion and cement its stature as one of the leading international pure play subscription video-on-demand services.” “We’ve completed a very active and productive fiscal 2019 in which we set in place all the elements for strong growth and continued value creation in the year ahead,” said Lionsgate CEO Jon Feltheimer.
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 CEO Chris Albrecht left the company in February. 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.
Lionsgate's media networks segment revenues increased by 4% to $1.46 billion in the fiscal year due to strong OTT subscriber growth. Segment profits increased by 2% to $436 million.
Starz was acquired by Lionsgate in 2016 for $4.4 billion. Starz has been the subject of recent speculation with CBS rumored to have made a $5 billion offer that was spurned.
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.

There is an electricity and camaraderie here that I have not felt since the days when I was a member of the start-up team that launched Fox Broadcasting. “I am tremendously excited and honored to be a part of the new marketing team Lionsgate is assembling," Whitney said in a statement. "I love the creative, entrepreneurial and innovative spirit of Lionsgate and more than anything, I love the group [president of worldwide marketing Damon Wolf] is putting in place, bringing so many unique voices to the table. This feels like something different and very unique.”
  Lionsgate announced Wednesday that Lynn Whitney will become head of worldwide paid media, partnerships, promotions and consumer products. Whitney was formerly the executive VP of worldwide media at Warner Bros.
Whitney will work on global marketing for the upcoming films: “John Wick: Chapter 3 – Parabellum,” “Angel Has Fallen,” “Rambo: Last Blood,” “Midway,” “Knives Out,” “The Hitman’s Bodyguard” sequel, and an untitled Charlize Theron, Nicole Kidman and Margot Robbie project.” />
Having this rock star join our group at this critical time is a kick ass coup and huge asset for Lionsgate as we reimagine this division and implement strategies that will challenge the norm. Being a true pioneer implementing data with media strategy, I can’t think of a more perfect person to boldly and aggressively lead Lionsgate’s data-first media initiatives. Wolf said, “Let’s face it, in our world, Lynn Whitney is the lead singer of the media rock band. Including partnerships, promotions and consumer products under her leadership, Lynn will be a strong voice of change developing innovative new ways to effectively and efficiently utilize media through this highly visible and crucial trio of marketing capabilities.” The only way to really do things differently, is to have a Wonder Woman like Lynn, who has seen every way it’s been done before.
In her new role, Whitney will build out media campaigns for movies like Seth Rogen and Charlize Theron's romantic comedy “Long Shot.”

The news about Starz comes two years after Lionsgate paid $4.1 billion to buy the premium cable service with the goal of competing effectively with the top-tier conglomerates.
and Germany. As part of the report, Lionsgate said Starz reported a sequential increase of 300,000 subscribers in the quarter and announced that it has entered agreements to launch Starzplay branded channels in France, Italy, and Spain in addition to the previous launches in the U.K. Lionsgate, which reported 8 cents a share and revenue of $1.01 billion in the year-ago quarter, made the earnings announcement Thursday at the close of trading on the New York Stock Exchange.
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Television production segment revenues increased by 7% to $279.4 million as gains in domestic license fees and international revenue offset the comparison to a prior year quarter, which included a digital media licensing agreement for Starz' "Power." Segment profits decreased by 64% to $15.6 million.
Shares of Lionsgate Class A stock were up 3.7%, gaining 86 cents to $24 in after-hours trading on Thursday.
Our initiatives in the quarter continued to strengthen Lionsgate's stature as a unique and essential part of the media ecosystem." "We're pleased to report a strong quarter with continued robust free cash flow and solid contributions from all of our businesses," said Lionsgate chief executive officer Jon Feltheimer. "Our global content machine is operating at full throttle, and we continue to invest in a programming and international rollout strategy at Starz that is working.
The more recent quarter included releases of "Overboard" and "Uncle Drew." Motion pictures segment revenues decreased by 23% in the quarter due to comparison to a prior year that included significant home entertainment revenue from "John Wick: Chapter 2" and the international "La La Land" revenues.
Segment profits were essentially flat from the prior year quarter due to costs associated with Starz's international rollout and a moderate increase in domestic marketing spending. Media networks segment revenues increased by 3% to $354.9 million due to over-the-top and traditional cable  subscription revenue growth for Starz after adding around 300,000 new customers to reach 23.8 million in total.
Lionsgate has topped Wall Street estimates by reporting a loss of $7.9 million, or 4 cents per share fully diluted, for its first fiscal quarter ended June 30 on revenues of $932.7 million — far ahead of the analyst estimate of $887 million.