We live right in the sweet spot of global consumer demand — bold, original, high-end premium scripted television and film. For the first quarter, Lionsgate reported adjusted earnings of 18 cents per share, against a year-earlier profit of 23 cents per-share. That beat a Wall Street estimate for 9 cents in an adjusted per-share profit for the latest financial quarter. The total media networks global subscribers rose to Lionsgate on Thursday posted a smaller fourth quarter loss on lower overall revenue as the Hollywood studio continues to drive into the streaming space with Starz.
The studio saw its global streaming subscriber base for Starz grow year-over-year to With Starz global subscribers standing at That comes as market speculation after Amazon picked up MGM grows that the Hollywood studio could get snapped up by other Big Tech players looking for franchise content like The Hunger Games , Twilight , Saw and John Wick series, or add to their streaming offerings for consumers via Starz.
On the analyst call, Lionsgate execs pitched Starz as a premium pay TV service with grown-up content that can sit on top of other platforms, not a broad general entertainment platform like Netflix or Amazon Prime. Many TV networks have used the surge in streaming viewership since March to build up the streaming sides of their businesses.
But Starz is taking this streaming uptick even further by making streaming the center of its business. As of June 30, Starz had Managing a streaming business can be trickier than managing a linear TV business, however.
As a result, retaining subscribers becomes as important, if not more important, as acquiring subscribers in the first place. One way that Starz has managed retention is by not lowering the barrier to acquisition too far. During the Aug. The company has seen that the more original shows a customer watches, the higher the retention rate, Hoffman said.
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