Lionsgate Studios Corp. (Lionsgate) operates as a standalone, pure play, publicly-traded content company.
The company brings together diversified motion picture and television production and distribution businesses, a world-class portfolio of valuable brands and franchises, a talent management and production powerhouse, and a more than 20,000-title film and television library, all driven by Lionsgate's bold and entrepreneurial culture.
Starz Separation
On May 6, 2025, Old Lionsgate, through a...
Lionsgate Studios Corp. (Lionsgate) operates as a standalone, pure play, publicly-traded content company.
The company brings together diversified motion picture and television production and distribution businesses, a world-class portfolio of valuable brands and franchises, a talent management and production powerhouse, and a more than 20,000-title film and television library, all driven by Lionsgate's bold and entrepreneurial culture.
Starz Separation
On May 6, 2025, Old Lionsgate, through a series of transactions contemplated by a certain arrangement agreement, dated as of January 29, 2025, as amended by an amending agreement, dated as of March 12, 2025 (collectively, the 'Arrangement Agreement'), completed the separation of the businesses of Legacy Lionsgate Studios from its STARZ-branded premium subscription platform business (the 'Starz Separation').
Segments
The company manages and reports its operating results through two reportable business segments: Motion Picture and Television Production.
Motion Picture: The company's Motion Picture segment includes revenues derived from the following:
Theatrical: The domestic theatrical release of motion pictures licensed to theatrical exhibitors on a picture-by-picture basis (distributed by it directly in the U.S. and through a sub-distributor in Canada). The revenues from Canada are reported net of distribution fees and release expenses of the Canadian sub-distributor. The financial terms that the company negotiates with its theatrical exhibitors in the U.S. provide that it receives a percentage of the box office results. Theatrical revenues also include revenues from licenses to direct-to-platform customers where the initial license of a motion picture is to a direct-to-platform customer.
Home Entertainment: The sale or rental of the company's film productions and acquired or licensed films, and certain television programs (including theatrical and direct-to-video releases) on packaged media and through digital media platforms (including pay-per-view and video-on-demand platforms, electronic sell-through, and digital rental). In addition, the company has revenue sharing arrangements with certain digital media platforms, which generally provide that, in exchange for a nominal or no upfront sales price, it shares in the rental or sales revenues generated by the platform on a title-by-title basis.
Television: The licensing of the company's theatrical productions and acquired films to the linear pay, basic cable, and free television markets. In addition, when a license in its traditional pay television window is made to a subscription video-on-demand or other digital platform, the revenues are included here.
International: The licensing of the company's productions, acquired films, its catalog product, and libraries of acquired titles to international distributors, on a territory-by-territory basis, and the direct distribution of its productions, acquired films, and its catalog product and libraries of acquired titles in the United Kingdom.
Other: Among others, the licensing of the company's film and television and related content (e.g., games, music, location-based entertainment royalties, etc.) to other ancillary markets.
Television Production: The company's Television Production segment includes revenues derived from the following:
Television: The licensing to domestic markets (linear pay, basic cable, free television, and syndication) of scripted and unscripted series, television movies, mini-series, and non-fiction programming. Television revenues also include revenue from licenses to subscription video-on-demand platforms in which the initial license of a television series is to a subscription video-on-demand platform. Television revenues include fixed fee arrangements, as well as arrangements in which it earns advertising revenue from the exploitation of certain content on television networks.
International: The licensing and syndication to international markets of scripted and unscripted series, television movies, mini-series, and non-fiction programming.
Home Entertainment: The sale or rental of television production movies or series on packaged media and through digital media platforms.
Other: Among others, the licensing of the company's television programs to other ancillary markets, the sales and licensing of music from the television broadcasts of its productions, and from commissions and executive producer fees earned related to talent management.
Strategy
The company manages a large and diversified portfolio of film and television content that it licenses to theatrical exhibitors, streaming, broadcast, pay cable, and other platform partners worldwide, maintaining a disciplined, targeted, and cost-effective approach to the acquisition, production, marketing, and distribution of that content. The extension of the company's deep portfolio of brands and franchises, creation of new intellectual properties, and rigorous focus on retaining key rights to its content is designed to create incremental long-term value for its shareholders through a combination of current releases and one of the most valuable film and television libraries in the world.
Motion Picture - Theatrical
Production and Acquisition
The company takes a disciplined approach to theatrical production, with the goal of producing content that can be distributed through various domestic and international platforms.
Distribution
The economic life of a motion picture may consist of its exploitation in theaters, on packaged media, and on various digital and television platforms in territories around the world. The company generally distributes motion pictures directly to movie theaters in the U.S., whereby the exhibitor retains a portion of the gross box office receipts, and the balance is remitted to the distributor. Concurrent with their release in the U.S., films are generally released in Canada and may also be released in one or more other foreign countries. The company constructs release schedules taking into account moviegoer attendance patterns and competition from other studios' scheduled theatrical releases. After initial theatrical release, distributors seek to maximize revenues by releasing films in sequential release date windows, which may be exclusive against other non-theatrical distribution platforms. In certain circumstances, the company's distribution strategy has and may continue to change, and certain films intended for theatrical release may be licensed to other platforms.
Producing, marketing, and distributing films can involve significant risks and costs, and can cause the company's financial results to vary depending on the timing of a film's release. For instance, marketing costs are generally incurred before and throughout the theatrical release of a film and, to a lesser extent, other distribution windows, and are expensed as incurred. Therefore, the company typically incurs losses with respect to a particular film prior to and during the film's theatrical exhibition, and profitability for the film may not be realized until after its theatrical release window.
Theatrical Releases
For the fiscal year ended March 31, 2025, the company released twenty-seven (27) films theatrically in the U.S. across its labels (including the company's partnership with Roadside Attractions).
Nominations and Awards
Lionsgate and affiliated companies (including its wholly-owned subsidiaries, Artisan Pictures, eOne Entertainment, Mandate Pictures, and Summit Entertainment, as well as Roadside Attractions) have distributed films that have earned numerous Academy Award, Golden Globe Awards, Producers Guild Awards, Screen Actors Guild Awards, Directors Guild Awards, BAFTA Awards, and Independent Spirit Awards nominations and wins.
Motion Picture - Home Entertainment
The company's U.S. home entertainment distribution operation exploits its film and television content library of more than 20,000 motion picture titles and television episodes and programs, consisting of titles from, among others, Lionsgate, its subsidiaries, affiliates, and joint ventures (such as Anchor Bay Entertainment, Artisan Entertainment, eOne, Grindstone Entertainment Group, Roadside Attractions, Summit Entertainment, Trimark, and Vestron), as well as titles from third parties, such as A24, AMC, Entertainment Studios, EuropaCorp, Showbiz Direct, Angel Studios, Gravitas, Saban Entertainment, StudioCanal, STARZ, STX Entertainment, Tyler Perry Studios, Visiona Romantica, and Zoetrope. Home entertainment revenue consists of packaged media and digital revenue.
Packaged Media
Packaged media distribution involves the marketing, promotion, and/or sale of DVDs/Blu-ray/4K Ultra HD discs to wholesalers and retailers in the U.S. and Canada. Fulfillment of physical distribution services is substantially licensed to Sony Pictures Home Entertainment. The company distributes or sells content directly to retailers, such as Amazon, which buy large volumes of the company's packaged media to sell directly to consumers, as well as exclusive content through its direct-to-consumer site, Lionsgate Limited.
Digital Media
The company considers alternative distribution strategies for its films and releases several titles solely and/or in an accelerated post-theatrical window on various digital platforms (including multi-platform distribution). It directly distributes this and other content (including certain titles not distributed theatrically or on physical media) across a wide range of global distribution platforms and networks on an on-demand basis (whereby the viewer controls the timing of playback) through dozens of transactional (transactional video-on-demand and electronic-sell-through), subscription, ad-supported, and free video-on-demand platforms. The company also directly distributes content on a linear distribution basis (i.e., whereby the programmer controls the timing of playback) through various linear pay, basic cable, and free, over-the-air television platforms worldwide.
Transactional video-on-demand services to which Lionsgate licenses its content include, among others, Amazon's Prime Video, Apple TV, Comcast Xfinity, Fandango at Home, Google TV, Microsoft Movies & TV, and YouTube; subscription video-on-demand services to which it licenses its content include, among others, Amazon's Prime Video, Hulu, Max, Netflix, Peacock, and Paramount+; ad-supported video-on-demand services to which it licenses its content include, among others, Pluto, The Roku Channel, Samsung, Tubi TV, and YouTube; and linear networks to which it distributes its content include, among others, pay television networks, such as MGM+, HBO, Showtime, and STARZ, and basic cable network groups, such as AMC Networks, Disney Media & Entertainment Distribution Networks, NBCUniversal's SpinCo, Paramount Global Domestic Media Networks, and Warner Media Entertainment Networks, as well as Bounce, Telemundo, and UniMás.
Additionally, the company owns and operates a suite of 16 multi-content and single series free, ad-supported streaming linear channels (also known as FAST channels) carried by various platforms, including, among others, Tubi TV, Samsung, The Roku Channel, and Pluto.
Motion Picture - Television
The company licenses its theatrical productions and acquired films to the domestic linear pay, basic cable, and free television markets.
Motion Picture - International
The company's international sales operations are headquartered at its offices in London, England. The primary components of its international business are, on a territory-by-territory basis through third parties or directly through its international divisions:
The licensing of rights in all media of the company's in-house feature film product and third-party acquisitions on an output basis;
The licensing of rights in all media of the company's in-house product and third-party acquisitions on a sales basis for non-output territories;
The licensing of third-party feature films on an agency basis; and
Direct distribution of theatrical and/or ancillary rights licensing.
The company licenses rights in all media on a territory-by-territory basis (other than the territories where it self-distributes) of its in-house feature film product, and films produced by third parties, such as Ace Entertainment, Buzzfeed, Fifth Season, Asbury Park Pictures, and Endurance Media.
Films licensed and/or released by the company internationally in fiscal 2025 included such in-house productions as The Long Walk, Good Fortune, Highlander, Now You See Me 3, Michael, Never Let Go (f/k/a Motherland), Borderlands, Day Drinker, and Housemaid, as well as films produced by third parties, such as Hurry Up Tomorrow, Above The Below, The Killer's Game, Flight Risk, Anniversary, Unsung Hero, The Strangers Trilogy, Arthur The King, Dust Bunny, F Marry Kill, and Freaky Tales. Third-party films for which the company was engaged as exclusive sales agent and/or released internationally in fiscal 2025 included Bone Yard, Rich Flu, Orphan 3, and The Fabulous Four.
Through territory-by-territory sales arrangements, the company generally covers a substantial portion of the production budget or acquisition cost of new theatrical releases that it licenses and distributes internationally. It also has an output arrangement in France (for all rights for all media, including home entertainment and television rights), and distributes theatrical titles in Latin America through International Distribution Company, as well as theatrical rights in Canada through Cineplex.
The company also self-distributes motion pictures in the United Kingdom and Ireland through its subsidiary, Lions Gate International (UK) Limited ('Lionsgate UK').
Other
Global Products and Experiences
The company's Global Products and Experiences division drives incremental revenue and builds consumer engagement across its entire portfolio of properties via live shows and experiences, location-based entertainment destinations, games, physical and digital merchandise, and select strategic partnerships and investments.
Within the division, the company's Global Live Entertainment business focuses on licensing, developing, and producing live stage shows, concerts, and live immersive experiences and events based on its theatrical and television content. It has announced multiple live entertainment projects, including Dirty Dancing, Wonder, and La La Land for Broadway, The Hunger Games for London, as well as a live dance show inspired by the company's Step-Up film franchise. Live-to-film concerts currently touring globally include Dirty Dancing, La La Land, and Twilight.
The company's Interactive Entertainment business focuses on growing a slate that includes games across PC/console, mobile, virtual reality, and more, both through stand-alone games based solely on its content and the integration of its properties with marquee games, such as Call of Duty, Dead By Daylight, Fortnite, and Roblox. Stand-alone game titles include Blair Witch, Power Rangers: Battle for the Grid, Power Rangers: Legacy Wars, and RetroRealms: Ash vs Evil Dead. A John Wick AAA video game is currently in development.
The company's Location-Based Entertainment business licenses and produces its Lionsgate, theatrical, and television brands for theme parks, destinations, and stand-alone attractions and experiences. Attractions based on The Hunger Games, John Wick, Now You See Me, SAW, and other intellectual property can be found at theme parks and destinations in China, the United States, the United Kingdom, and the Middle East. The John Wick Experience in Las Vegas, which opened in March 2025, is the company's newest standalone attraction. It has also partnered with Six Flags to open SAW-themed haunted houses across multiple Six Flags theme parks during the Halloween season.
The company's Consumer Products business licenses and develops products around its leading film and television properties, including John Wick, The Hunger Games, Twilight, Dirty Dancing, and SAW. The company's merchandise is available in the Lionsgate Shop, its official e-commerce shop, and at many well-known retail outlets, such as Hot Topic, Walmart, and Target. It is developing new offerings across a broad range of categories with best-in-class licensees, including LEGO, American Classics, Ripple Junction, Goodie Two-Sleeves, Hot Toys, Funko, ColourPop, and more.
Music
The company manages music for its theatrical and television slates, including overseeing songs, scores, and soundtracks for all of its theatrical productions, co-productions, and acquisitions, as well as music staffing, scores, and soundtracks for all of its television productions. Music revenues are derived from the sales and licensing of music from its films, television, and other productions, and the theatrical exhibition of its films and the broadcast and webcast of its productions.
Ancillary Revenues
Ancillary revenues are derived from the licensing of films and television content at non-theatrical venues, including educational and institutional facilities, U.S. military bases, oil rigs, hospitals, hotels, prisons, and on all forms of common carrier transportation, including airlines and ships.
Television Production
The company's television business consists of the development, production, syndication, and distribution of television programming. It principally generates revenue from the licensing and distribution of such programming to broadcast television networks, pay and basic cable networks, digital platforms, and syndicators of first-run programming, which license programs on a station-by-station basis and pay in cash or via barter (i.e., trade of programming for airtime). Each of these platforms may acquire a mix of original and library programming.
After initial exhibition, the company distributes programming to subsequent buyers, both domestically and internationally, including basic cable networks, premium subscription services, or digital platforms (known as 'off-network syndicated programming'). Off-network syndicated programming can be sold in successive cycles of sales which may occur on an exclusive or non-exclusive basis. In addition, television programming is sold on home entertainment (packaged media and via digital delivery) and across all other applicable ancillary revenue streams, including music publishing, touring, and integration.
Similar to the company's film production practices, it leverages tax credits, subsidies, and other incentive programs to optimize its returns and maintain financially prudent production models for television content.
Lionsgate Television
The company produces, syndicates, and distributes more than 75 television shows on more than 40 networks.
For the fiscal year ended March 31, 2025, scripted and unscripted programming produced, co-produced, or distributed by the company and its affiliated entities, as well as programming syndicated by its wholly-owned subsidiary, Debmar-Mercury.
Television Production - International
The company licenses, sells, and distributes original Lionsgate television series (including Lionsgate UK television programming), third-party television programming, and format acquisitions to international markets via packaged media and various digital platforms. For the fiscal year ended March 31, 2025, Lionsgate UK television programming that was acquired, began production, was produced, or was broadcast.
Other
Other revenues are derived from, among others, the licensing of the company's television programs to other ancillary distributors, the sales and licensing of music from the television broadcasts of its productions, and from its interest in 3 Arts Entertainment, a talent management company. 3 Arts Entertainment is one of the world's leading talent management and production companies, representing an A-list client roster of directors, writers, showrunners, and actors, producing long-running hit series (The Office, Parks & Recreation, Brooklyn Nine-Nine) and partnering with Lionsgate on a slate of premium scripted series. 3 Arts Entertainment receives commission revenue from talent representation and is a producer on a number of television shows and films where it receives an executive producer fee and back-end participations.
History
Lionsgate Studios Corp. was founded in 1986. The company was incorporated in 1986.
