secwatch.observer — SEC 8-K summary
======================================

Issuer:     STARZ ENTERTAINMENT CORP /CN/ (STRZ)
CIK:        0000929351
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0000929351-24-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lionsgate Q3 fiscal 2024 revenue $975M, net loss $106.6M; STARZ adds 700K OTT subs
--------------------------------------------------------------------------------

- Net loss attributable to shareholders $106.6M ($0.45 diluted loss per share); adjusted net income $65.0M ($0.27 adjusted EPS).
- Studio Business revenue down 23% to $691.6M; Motion Picture revenue up 53% to $443.2M on Hunger Games and Saw X.
- Television Production revenue plunged 59% to $248.4M due to strikes and tough compare to Schitt's Creek licensing.
- Media Networks segment revenue up 10% to $417.2M, profit up 73%; STARZ added 700K North American OTT subs sequentially.
- Adjusted OIBDA $150.9M; cash $283M; studio backlog $1.6B; CEO cites eOne acquisition and planned Lionsgate Studios spin-off.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/929351/000092935124000005/0000929351-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/929351/000092935124000005/lgfa-20240208.htm
  HTML page:      https://secwatch.observer/filing/0000929351-24-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer