Oscar Inundated La-La Land proved to be a big boost to Lionsgate’s film profits.
May 25, 2017
‘Lionsgate first full-quarter results since acquiring Starz for $4.4B late last year show its revenue and earnings beating Wall Street forecasts.
The mini-major’s earnings for Q4, ending March 31, were $62M, or 30 cents per share; forecasts has pegged the EPS at 22 cents. It also posted revenue of $1.26B, above analyst estimates of $1.19B. The results included $89M in restructuring and other costs primarily associated with Lionsgate’s December 8 acquisition and subsequent integration of Starz.’