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Lions Gate Entertainment Corp (LGF) is a Canadian-American entertainment company with a focus on film and television production and distribution. The company operates through several segments, including Motion Picture, Television Production, and Media Networks.
In terms of financials, for the fiscal year 2020 (ended March 31, 2020) LGF reported revenues of $3.7 billion, a decrease of 8% compared to the previous fiscal year. The company reported a net loss of $266.5 million, compared to a net income of $23 million in the previous fiscal year. The loss was primarily due to a write-down of the company's investment in Starz, a media and television company.
In terms of earnings, for the quarter ended September 30, 2020, LGF reported a net loss of $133.1 million, compared to a net loss of $11.8 million in the same quarter of the previous year. The company attributed the loss to the impact of the COVID-19 pandemic on its operations and the closure of movie theaters.
As for growth, LGF has been focusing on expanding its streaming services, including Starzplay and the Lionsgate+ platform. The company has also been investing in the production of original content for these platforms. Additionally, LGF has been active in the acquisition of other media companies, such as the acquisition of a majority stake in Pilgrim Media Group in 2019.
It's worth noting that, On Feb 16, 2021, it has been announced that ViacomCBS will acquire a 49% stake in Lionsgate's Starz for $3.8 billion in cash, in a deal that values Starz at $5.8 billion.
In summary, LGF has been facing some challenges, particularly due to the COVID-19 pandemic, which has had a significant impact on its operations and financial performance. However, the company is making efforts to grow its streaming services and expand its content offerings through acquisitions and original productions.
As of Feb 2021, the company has been trading around $15.17 per share, with a market cap of $2.5 billion, which is considered low compared to its past market capitalization. It may be an opportunity for investors looking for undervalued stocks in the entertainment industry.
Please note that this information is subject to change and it's always recommended to consult with a financial advisor before making any investment decisions.