Lionsgate Eyes 15M-25M Global Starz Ott Subscribers By 2024; CEO Jon Feltheimer Responds To M&A Talk

Lionsgate CEO Jon Feltheimer honored the company’s policy of declining comment on M&A rumors during the company’s conference call today with Wall Street analysts to discuss its fourth-quarter financial results.

Nevertheless, Feltheimer and CFO Jimmy Barge emphasized the long-term plan to continue investing in Starz despite recent reports of talks with CBS about a potential sale of the premium network.

“We have a plan,” Feltheimer affirmed. “We’re super-confident about it. We’re executing on the plan. We felt that the window of opportunity [for expansion] was now. You can see the results already.”

Largely because of hefty investments in the international buildout of the Starz Play streaming offering, Lionsgate reported a lackluster quarter of results, which suffered further from ongoing softness on the film side.

Barge said the company envisions “compelling” return from its ongoing investment in boosting the formerly U.S.-centric network internationally. He said the spending
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