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Lions Gate Entertainment Corp. (LGF-A)

NYSE - Nasdaq Real Time Price. Currency in USD
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15.74-0.91 (-5.47%)
At close: 04:00PM EST
15.74 -0.03 (-0.19%)
After hours: 04:00PM EST
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  • j
    justin
    “Lionsgate looking to acquire STX Entertainment.” —Deadline Hollywood.
  • S
    Sandman
    See comments from NFLX below. I would think this is positive news for LGF as the need to add original content accelerates. More to come after earnings.

    "consumers have always had many choices when it comes to their entertainment time - competition that has only intensified over the last 24 months as entertainment companies all around the world develop their own streaming offering.

    “While this added competition may be affecting our marginal growth some, we continue to grow in every country and region in which these new streaming alternatives have launched.”
  • J
    Jubilee
    Last earnings conference call.

    Jon Feltheimer: "In closing, we've been consistent and creating value across our businesses quarter after quarter. "

    What he didn't mentioned was: "and for myself and ONLY myself".
  • R
    Ron
    I guess no ones is knocking down the door to buy Starz….
  • S
    Sandman
    Well the price has not collapsed in a down market so we have that going for us. Volume is nothing to write home about though. It would seem investors are waiting to hear 4Q sub info and an update on the sale (or lack thereof). I have been asking about the Yonkers studio status for some time and they finally put out an update which included news on an expansion. Not bad timing as these assets are hot in the event they wanted to sell it.
  • R
    Ron
    Lionsgate should buy AMC Networks (NOT THE MOVIE CHAIN). It is super cheap, great cash flow, synergies and get to expand the business - that is if LGF wants to stay independent.
  • j
    joseph
    John Malone of Liberty Broadband and Sirius sniffing around again.
  • S
    Sandman
    A new year, a new LGF? Price action on the upswing hitting its highest point since mid Nov. Volume looks to be on average. No news so it could be just funds rotating back in after selling off last year and hoping for a pop if a sale occurs. I would expect no news on Starz until they release 4Q numbers. Omicron could provide a boost to subs as many workers are being sent back to work from home, consumers cutting back on restaurants and bars, travel has become a disaster, etc.
  • R
    Ron
    Julia Borsten of CNBC just said an analyst said Viacom looking at buying all of Lionsgate
  • J
    Jubilee
    This morning Wells Fargo analyst Steven Cahall upgraded LGF from “equal weight” to “overweight” with a price target of $25, up from $15.

    “We think the content side of the house will see increasing values due to the insatiable appetite of streamers. Holding Lionsgate back is concerns on Starz’s ability to compete, but we see the company’s recent announcement on corporate action as creating value even with a challenged multiple at Starz assuming a de-merger.”

    “One thing we learned on our recent ‘LA Bus Tour’ is that the demand for content continues to increase,” Cahall wrote. “Independent studios like Sony Pictures, Lionsgate, Skydance, A24, Hello Sunshine, and various others are in a great position to sell the pickaxes during this gold rush.”

    Specifically, Cahall contends Lionsgate can piggyback on the combined $100 billion content production frenzy media giants such as Netflix, Disney, WarnerMedia, ViacomCBS, Apple and Amazon Studios will spend this year producing shows and movies.

    The analyst cites Lionsgate’s licensing of the “Mad Men” franchise across multiple streaming platforms as an “all-time [industry] high” within the syndicated content market.

    “We foresee Lionsgate’s content studios making more shows and more movies,” Cahall wrote. “We think ‘profit ultimates’ are being written up as downstream movie rights can be pre-sold, while PVOD lowers the cost structure for middle-budget film releases.”

    Cahall putting the company’s de-merged sum of its parts at $25 per share.
  • S
    Sandman
    No color on Starz but here is some other info on competitors from BOA.

    For December “Paramount+ registered 2.5mn downloads (+256% Y/Y and +276% 4Q21/4Q20), as it likely benefited from the launch of 1883 (SI) and South Park: The Return of COVID,” Ehrlich said.
    BofA reported ViacomCBS downloads were up 48% year-over-year in the fourth quarter, compared to a 6% decline in downloads for Netflix and a 38% drop in Disney service downloads. Overall, Netflix had 18.3 million downloads in December, Disney had 14.7 million downloads and ViacomCBS’s streaming services recorded just 7.4 million downloads.
  • d
    demetrios
    Lionsgate is a easy double from here. It will not be independent next year
  • m
    meanrevers
    DISCA getting a nice pop today on the back of a ML upgrade. Disca is one of those companies where the management team actually cares about managing the business and creating shareholder value.

    "The competitive landscape in streaming has intensified in the past year. It remains to
    be seen how many services consumers will ultimately subscribe to and how sub-scale
    providers will compete against behemoths, such as NFLX, DIS, AMZN and AAPL that are
    all accelerating content spending. Ultimately, the magnitude of success will be
    predicated on the success of the combined entity’s global direct-to-consumer (DTC)
    strategy. It is our view WBD will eventually combine to one service (vs. bundle) which
    enhances the depth and breadth of content offerings, reduces churn, increases LTV
    (Lifetime Value) and improves GTM (Go-to-market) efficiencies. The merger also
    provides WBD enough financial capacity to invest in content globally."
  • J
    Jubilee
    From CNBC: "10 media execs, under the cloak of anonymity, predict 2022′s industry-shaking events"

    Executive No.1: Roku buys Lionsgate’s studio 🤣

    Not sure if they indeed interviewed some executives or they just made that up themselves. But I think we all get tired hearing this kind of stuff.
  • J
    Jubilee
    The management is watching this message board (I'm 100% sure about this) so please voice your opinion freely.
  • J
    Jubilee
    Well known SPAC guy Harry Sloan has just been named to Lionsgate BOD
  • m
    meanrevers
    I hope that this isn't their big plan to "unlock value at Starz". Appointing one of their buddies who is a SPAC guy to the Board who will fall in line and do whatever they want.
  • J
    Jubilee
    Roku got a downgrade. Atlantics initiated its coverage of Roku at a price target of $136, about 39% below Tuesday’s closing price.

    Atlantic Equities said growth prospects are dimming in the face of heightened competition, especially as the company attempts to expand overseas.

    "We believe the company is now nearing saturation in the US unless it can win over additional major OEMs, and we believe this is unlikely, certainly in the near term.” Atlantic predicts that Roku’s U.S. market share will be capped at around 40%. In addition to Amazon and Google, Faber sees Samsung as a stiff competitor, because it’s building out its own smart TV platform. LG, another large TV manufacturer, is doing the same.

    Roku’s long-term growth requires new user accounts. While the company sells hardware and licenses software to TV makers, a big part of its business comes from advertising within streaming content delivered through Roku. The more active accounts it has, the more it can act as a gatekeeper and take a larger share of TV advertising.

    More active accounts? A shot in the arm is available. :)
  • S
    Sandman
    Arthur must be lapping up VIAC as it hits another 52 low today. I will take it around 24-25. Dec 52 lows also include DISCA, DIS, CMCSA, ROKU which is not a good sign.
  • J
    Jubilee
    From The Hollywood Reporter:

    One source familiar with the talks said Lionsgate has been approached by at least one SPAC seeking to spin off Starz as its own public company. (Lionsgate declined comment.)
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