Lionsgate Studios Corp.

Lionsgate Studios Corp. is a U.S.-based film and television studio company formed around Lionsgate’s studio operations after the Starz separation. It develops, produces, finances, distributes, and licenses motion pictures and television programming, supported by a large film and TV library and talent management capabilities through 3 Arts Entertainment.

4,4 %

−7,5 %

+1,8 %

0.49

0.49

— Lionsgate Studios Corp.
%
Motion Picture55% Includes film production, financing, theatrical distribution, home entertainment and library exploitation.
Television Production35% Includes scripted and unscripted TV production, international licensing and format sales.
Library and Ancillary Licensing7% Includes monetization of the film and television library, music rights and other ancillary revenues.
Talent Management and Production3% Includes 3 Arts Entertainment commissions, packaging and producer fees tied to talent representation.

The company sells content and rights to studios, broadcasters, streaming platforms, pay TV services, and digital...

  • Streaming platforms and digital media servicesprimary

    Buy film and television rights, especially for library titles and new series, to fill content pipelines and attract subscribers.

  • Broadcasters and television networksprimary

    License original scripted series, formats and international programming for scheduled programming and audience retention.

  • Home entertainment retailers and distributorsprimary

    Purchase physical and digital film releases; important for motion picture monetization and library sales.

  • International distributorssecondary

    Acquire Lionsgate and third-party TV programming for packaged media and digital platforms outside the U.S.

  • Talent and production partnerssecondary

    Work with 3 Arts and Lionsgate on development, packaging and production of films and premium scripted series.

Revenue is generated primarily in the U.S., with additional business in Canada, the United Kingdom and other foreign...

  • U.S. is the core revenue base and main operating market
  • Canada and the U.K. are meaningful production and licensing markets
  • Other foreign countries contribute diversified licensing revenue
  • No non-U.S. country individually exceeded 10% of revenue
  • International operations expose the company to local legal and currency risks

Lionsgate’s strategy is to operate as a standalone content company focused on owning and monetizing premium film and...

01
Maximize library monetizationmedium-term

The large catalog creates recurring revenue opportunities across home entertainment, licensing and digital windows.

02
Strengthen franchise and premium content pipelinemedium-term

Recognizable IP improves audience demand, distribution leverage and pricing power with buyers.

03
Increase standalone operating focusshort-term

The separation from Starz allows management to concentrate on studio economics and capital allocation.

The business is exposed to hit-driven content economics, where a small number of titles and distributors can materially...

high

Customer concentration in distribution and retail channels

A small number of retailers and distributors account for a material percentage of home entertainment revenue.

Scope
Amazon.com and Starz were specifically cited as major revenue sources
Materiality
high
high

Hit-driven content performance

Library and new-release economics depend on audience acceptance and the timing of competing releases.

Scope
Motion pictures and television series
Materiality
high
medium

Competition for creative talent and IP

The company competes with major studios, independents and platforms for scripts, talent and financing.

Scope
Production pipeline and franchise development
Materiality
high
medium

Cybersecurity and ransomware

Attacks can interrupt operations, damage data integrity and create reputational harm and recovery costs.

Scope
Partly remote workforce and third-party systems
Materiality
medium
medium

International regulatory and geopolitical exposure

Foreign licensing and production are subject to local laws, taxes, sanctions and market instability.

Scope
Canada, U.K. and other foreign countries
Materiality
medium
Film and television cost capitalization and amortization
Content asset valuation and expense timing
Impairment and recoverability of content assets
Potential earnings volatility
Reverse recapitalization and Starz separation accounting
Comparability across periods
Shared services and corporate allocation methodology
Segment margin presentation

: 28.4.2026