A Great Quarter for Lionsgate (Finally)
It’s been choppy waters for Lionsgate since its split from Starz and the expenses that come with such a move. However, they’re back in quarterly profit according to their latest financials, as Brandon Blake, Entertainment Lawyer Los Angeles at Blake & Wang P.A. breaks down. Brandon Blake Quarterly Profit With both The Housemaid and Michael to bulk up its finances, it’s not that surprising that this would be its best quarter since the split. They’re also back in the black for what is the fourth quarter of their financial year, taking $70.2M (as opposed to last year’s loss of $117.4M). Overall revenue hit the $906.5M mark ($865.6B last year), if the $206.2M in intersegment elimination of the Starz split is considered. Lion...