Friday, 31 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Entertainment > Film Flops Like ‘Borderlands’ Lead Lionsgate to Quarterly Losses
Entertainment

Film Flops Like ‘Borderlands’ Lead Lionsgate to Quarterly Losses

Last updated: November 7, 2024 4:03 pm
Share
Film Flops Like ‘Borderlands’ Lead Lionsgate to Quarterly Losses
SHARE

Lionsgate, a major player in the entertainment industry known for hits like “The Hunger Games” and “Twilight,” recently reported a significant loss of $163.3 million for the quarter. CEO Jon Feltheimer attributed this poor performance to a challenging year for the industry, marked by disruptions from strikes and other industry-wide issues.

Despite the loss, Lionsgate managed to exceed Wall Street estimates, with revenues reaching $948.6 million. However, this was a 7% decrease from the previous year. Feltheimer emphasized the importance of adhering to risk-mitigated business models and strict financial discipline in order to navigate these turbulent times successfully.

The company is currently undergoing a transition, separating its studio business from its Starz streaming service and TV network. This move will see the creation of Lionsgate Studios as a standalone entity, while Starz will become a separate company by the end of 2024.

In terms of revenue breakdown, Lionsgate’s motion picture arm saw a 3% increase to $407.1 million, but profits were down due to underperforming films. Television production revenue rose by 6% to $416.6 million, but profits also declined. The media networks unit, which includes Starz, saw flat revenue and a decrease in subscribers.

Feltheimer discussed the challenges facing the media landscape, highlighting the impact of labor unrest and changing audience habits. In response, Lionsgate plans to focus on producing two to three tentpole films annually, along with star-driven commercial projects. Upcoming projects like “The Housemaid” and a remake of “American Psycho” are indicative of this strategy.

Looking ahead, Feltheimer expressed optimism about the industry’s future. He believes that streaming platforms will once again become significant buyers of content, consumers will return to cinemas, and the industry will continue to adapt to new technologies to increase efficiency.

See also  'Ball Lightning' Caught on Film After Storm in Canada : ScienceAlert

Overall, Lionsgate is navigating a difficult period in the entertainment industry, but with a strategic focus on content production and financial discipline, the company is positioning itself for success in the evolving media landscape.

TAGGED:BorderlandsFilmFlopsleadLionsgatelossesquarterly
Share This Article
Twitter Email Copy Link Print
Previous Article 43 Monkeys Escape From Medical Lab In South Carolina 43 Monkeys Escape From Medical Lab In South Carolina
Next Article Sophie Turner ‘Happy’ to Have Escaped LA For Home in UK After Divorce Sophie Turner ‘Happy’ to Have Escaped LA For Home in UK After Divorce
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

California developers target 340B drug discounts, AIDS Healthcare Foundation

Apartment builders in California are spearheading a push to reform the 340B Drug Discount Program,…

October 18, 2024

Trump Administration’s Multi-Front Counter-China Campaign | The Gateway Pundit | by Antonio Graceffo

  Upon reentering the political limelight in 2025, Republicans have zealously committed themselves to countering…

October 7, 2025

How to Tame the Turbulent Mind in Uncertain Times

Managing Your Emotions During Market Volatility Uncertainty has become a common theme in recent years,…

September 25, 2024

Miran defends low-rate view as colleagues caution on further cuts

By Howard Schneider and Michael S. Derby WASHINGTON (Reuters) - Newly appointed Federal Reserve Governor…

September 24, 2025

Chuck E. Cheese mascot arrested in front of horrified kids in Florida

A Chuck E. Cheese mascot in Tallahassee, Florida found himself in hot water when he…

July 25, 2025

You Might Also Like

Netflix Exploring Warner Bros. Discovery Bid, Hires Bank for M&A Offer
Entertainment

Netflix Exploring Warner Bros. Discovery Bid, Hires Bank for M&A Offer

October 31, 2025
10 Best Halloween Horror Movies to Stream on Netflix, Prime Video and More
Entertainment

10 Best Halloween Horror Movies to Stream on Netflix, Prime Video and More

October 31, 2025
Sydney Sweeney | Amanda Seyfried: The Housemaid cast & characters: Meet the stars behind the film and the roles they play
Sports

Sydney Sweeney | Amanda Seyfried: The Housemaid cast & characters: Meet the stars behind the film and the roles they play

October 31, 2025
Janelle Monae Dresses as ‘Nightmare Before Christmas’ at Children’s Hospital
Entertainment

Janelle Monae Dresses as ‘Nightmare Before Christmas’ at Children’s Hospital

October 31, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?