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Lions Gate Entertainment Corp. (LGF-B)

NYSE - NYSE Delayed Price. Currency in USD
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16.73+0.03 (+0.18%)
At close: 04:00PM EST
16.73 -0.02 (-0.12%)
After hours: 04:01PM EST
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  • j
    joseph
    John Malone of Liberty Broadband and Sirius sniffing around again.
  • 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
    Julia Borsten of CNBC just said an analyst said Viacom looking at buying all of Lionsgate
  • 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.
  • 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.
  • 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.
  • 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
    Well known SPAC guy Harry Sloan has just been named to Lionsgate BOD
  • 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. :)
  • 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.
  • 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.)
  • m
    meanrevers
    Many Hollywood insiders also have marveled at the price Endeavor Content was able to command. The studio has dozens of films and series in varying stages of production — management will stay in place and the unit will get a $120 million capital injection as part of the CJ ENM deal to further fuel that pipeline — but the company was only established in 2017, and the South Korean firm will be acquiring a relatively shallow pool of established IP with that $775 million sticker price (Endeavor co-produced hits include BBC America’s Killing Eve, AMC’s The Night Manager and Hulu’s Normal People, among others).

    Following Amazon’s $8.45 billion deal for MGM and Reese Witherspoon’s majority sale of her Hello Sunshine production banner to former Disney executives Kevin Mayer and Tom Staggs at a valuation of some $900 million, the Endeavor-CJ deal clearly underscores what a sellers’ market high-end content producers continue to enjoy in an entertainment landscape dominated by the “streaming wars.”
  • S
    Sandman
    Looks like VIAC is not in the bidding for any part of LGF after Redstone's comments "ViacomCBS Inc Chair Shari Redstone, who in the past has hinted at more deals to bulk up the media empire, said on Wednesday the company will focus on organic growth and seek global expansion opportunities.

    In an interview during the Reuters Next conference, she said the company remained open to “always look at opportunities out there,” but had no immediate urge to merge."
  • m
    meanrevers
    Wow....LGF outperforming its peer group today (VIAC, DISCA, AMCX & others). I mean we got that going for us, right? Best management team in media those LGF guys. And speaking of guys....how come there isn't one woman or person of color in LGF management? Lack of diversity. Maybe that is their problem. Cue the activist shareholder.
  • S
    Sandman
    you mean like SPCE, AUR, and

    $ 13.00 | CND - Concord Acquisition Corp (Announced)
    $ 10.92 | IVAN - Ivanhoe Capital Acquisition Corp (Announced)
    $ 11.55 | TPGY - TPG Pace Beneficial Finance Corp (Announced)
    $ 12.87 | MEKA - MELI Kaszek Pioneer Corp (Pre-Deal)
    $ 12.95 | DCRC - Decarbonization Plus Acquisition Corporation III
  • b
    blackjack!
    I finally sold all of my A class shares this morning at 18.25. Getting tired of holding onto this stock. Still have plenty of B class shares. Don’t know if I’ll sell those
  • J
    Jonathan
    This a stock you buy and then forget about it for a while. Something will happen.
    Bullish
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