secwatch.observer — SEC 8-K summary
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Issuer:     STARZ ENTERTAINMENT CORP /CN/ (STRZ)
CIK:        0000929351
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000929351-24-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lionsgate posts Q2 operating loss $88.6M; Borderlands underperformance; STARZ subs down 2.6%
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- Net loss attributable to Lionsgate shareholders $163.3M ($0.68 diluted loss); adjusted net loss $102.5M ($0.43).
- Studio Business revenue $823.7M (+4% YoY) but operating loss $34.8M; Adjusted OIBDA loss $6.3M.
- Motion Picture profit down due to Borderlands theatrical underperformance; TV segment profit impacted by strikes.
- STARZ OTT subscribers down 2.6% to 12.4M; expects sequential growth in Dec quarter after price increase.
- Trailing 12-month library revenue $892M (+3%); separation of Studio/STARZ on track by year-end subject to approvals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/929351/000092935124000020/0000929351-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/929351/000092935124000020/lgfa-20241107.htm
  HTML page:      https://secwatch.observer/filing/0000929351-24-000020

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