I love this thing even more today now that the market hates it.
1.2B - 1.3B EBITDA over the next 3 years equates to 36% of LGF's total market cap and they've historically been conservative with their EBITDA estimates so I'll take it.
I continue to believe they're one of the best run companies in the space and better than anyone at hedging their bets. Case in point "Gods of Egypt" has a big budget at 140M but after incentives to film in Australia, licensing agreements, etc., LGF's exposure is only 10M. I think that's pretty phenomenal! I don't see how you lose on something like that which has the potential to be a huge hit. That's one heck of a risk/reward proposition.
6 new TV shows with 6 brand new customers.
A 15K+ title library that represents an annuity that will continue to grow.
EPIX is growing with great partners.
TVGN is starting to perform with CBS as a partner.
Divergent and Now You See me are both poised to become tent pole franchises and LGF just continues to create more and more revenue streams across the board. What a great time to be a pure play in the content business.