|Bid||9.12 x 900|
|Ask||9.13 x 800|
|Day's Range||9.00 - 9.21|
|52 Week Range||3.87 - 10.85|
|Beta (5Y Monthly)||1.66|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Sep 27, 2018|
|1y Target Est||10.43|
Starz, one of the leading premium global streaming platforms, has launched its independent direct to consumer OTT app 'Lionsgate Play' in India, the company announced today at a virtual press conference in the presence of Mr. Jeffrey A. Hirsch, President and Chief Executive Officer, Starz and Mr. Rohit Jain, Managing Director, Lionsgate South Asia. Building on its reputation for disruption, Lionsgate Play is committed to innovation in its content, technology, pricing, and accessibility by making premium Hollywood content available in multiple Indian languages.
Lions Gate Entertainment is a cheap stock in an expensive market
Moody's Investors Service ("Moody's") downgraded Lions Gate Entertainment Corp.'s ("Lions Gate") corporate family rating (CFR) to B1 from Ba3, its probability of default rating to B1-PD from Ba3-PD. Moody's also downgraded the senior unsecured notes to B3 from B2 issued under the company's subsidiary Lions Gate Capital Holdings LLC. Concurrently, Moody's confirmed the Ba2 rating on its 1st lien senior secured credit facilities issued by the company's subsidiary, consisting of a $1.5 billion revolving credit facility due 2023, a $750 million term loan due 2023, and a $1.25 billion term loan due 2025. The rating action was due to sustained high leverage with expectations that leverage will remain high during the next 18 months before improving in 2022 to a level consistent with the B1 CFR.