Starz, formerly known as Old Lionsgate, is a smaller entertainment content producer and distributor operating mainly in the US and Canada, with a focus on movies and TV programming.


# Company Overview Summary

The company, formerly known as Old Lionsgate, now operates under the brand **Starz**. It is a smaller, less diversified entity with a distinct financial profile, focused primarily on providing entertainment programming.

## Business Operations
- **Core Business**: The company produces and distributes entertainment content, including movies, television series, and other programming.
- **Distribution & Revenue**: It relies on distribution agreements with major cable and internet service providers, as well as third-party internet-connected devices and sales platforms to deliver its content directly to consumers.
- **Content & Programming**: Success depends heavily on acquiring and maintaining quality programming in a highly competitive marketplace, which also influences its ability to attract and retain subscribers.

## Key Risks & Business Environment
- The company faces challenges such as restructuring impacts, competition for programming, dependency on major distributors, technological disruptions, and regulatory compliance.
- It operates in multiple markets, including the United States and Canada, and is subject to economic and political risks therein.
- The company's infrastructure involves reliance on cloud computing services, and data security and protection are critical operational concerns.
- It may undertake acquisitions, dispositions, or joint ventures to support growth.

## Financial & Staffing Information
- **Number of Customers**: Not explicitly provided.
- **Employees**: Not explicitly provided.
- **Revenue**: Not explicitly provided.
- **Income**: Not explicitly provided.

*Note: The provided excerpt does not contain specific figures regarding the company's number of customers, employees, revenue, or income. The summary focuses solely on the detailed operational and strategic aspects as given.*


Lions Gate Entertainment Corp. is a Canadian-American entertainment company involved in film and television production, distribution, and ownership of premium subscription services.

# Lions Gate Entertainment Corp. Overview

Lions Gate Entertainment Corp. (often referred to as Lionsgate) is a Canadian-American entertainment company primarily engaged in film and television production and distribution, along with ownership of premium content subscription services.

## Business Segments

1. **Motion Picture Group**
   - **Description**: Produces and distributes feature films across various genres.
   - **Library**: Maintains a library with over **20,000 titles** including iconic franchises such as *The Hunger Games*, *John Wick*, and *Saw*.
   - **Revenue**: Generated approximately **$1.7 billion** at the global box office for the fiscal year 2024.
   - **Segment Profit**: Recorded segment profit of **$319 million** in fiscal 2024.

2. **Television Production Group**
   - **Description**: Produces and distributes scripted and unscripted television series.
   - **Key Projects**: Includes ongoing series such as *Ghosts*, *The Rookie*, and others across various platforms, including STARZ.
   - **Revenue**: Reported substantial growth post-strikes, with fourth quarter television revenue hitting **$469 million**, driven by strong library sales and post-strike content deliveries.
   - **Segment Profit**: Achieved **$146.8 million** in fiscal 2024.

3. **Media Networks**
   - **Description**: Operates the STARZ streaming service along with various pay television and domestic over-the-top (OTT) services.
   - **Customers**: As of fiscal 2024, the company transitioned **64%** of its revenue stream to digital, highlighting growth and adaptation to the changing media landscape.
   - **Segment Profit**: Reported **$206.1 million** in segment profit for fiscal 2024.

## Financial Highlights

- **Total Employees**: Approximately **1,723 employees** globally, with a substantial base in the U.S. and Canada.
- **Revenue**: Generated **$4 billion** in total revenue for fiscal 2024.
- **Income**: Despite filing losses in prior years, Lionsgate achieved **Adjusted OIBDA** of **$518 million** for fiscal 2024, marking significant recovery and financial health improvements.
- **Market Capitalization**: The market value of voting and non-voting stock held by non-affiliates was approximately **$1.47 billion** as of September 30, 2023.

## Business Strategy and Growth

- Lionsgate focuses on strategic initiatives to separate its studio and STARZ businesses, which is expected to enhance shareholder value.
- The acquisition of **eOne Entertainment** in December 2023 added thousands of titles to its library, diversifying its content catalog.
- The recent establishment of **Lionsgate Studios Corp.** symbolizes a strategic reorganization aimed at enhancing operational efficiency and market focus.

## Current Developments

- The company is continuously engaging with major investors, and during fiscal 2024, it raised **$350 million** to fund the separation of its Studio Business from STARZ.
- Its robust performance during fiscal 2024 despite external challenges like industry strikes signifies resiliency and adaptability in its business model.

Lionsgate stands as a leading independent entertainment company, maintaining a diverse portfolio and pursuing innovative strategies to secure its position in a competitive landscape.

STARZ ENTERTAINMENT CORP /CN/

10-K / June 26, 2025

10-K / July 29, 2024

10-K / June 26, 2025

Company Overview Summary

Business Operations

Key Risks & Business Environment

Financial & Staffing Information