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Lions Gate Entertainment Corporation stock price
Lions Gate Entertainment Corporation latest news:
Starz channels return to Optimum, Suddenlink after new multi-year carriage deal
Starz, owned by Lions Gate Entertainment Corp. (LGF/A), said on Tuesday that it agreed to a new multi-year carriage deal with Altice USA Inc. (ATUS). Lions Gate shares were up more than 5% during intraday trade on Tuesday. The deal gives Altice's Optimum and Suddenlink cable systems access to Starz and Starz Encore full suite of linear channels, as well as on-demand and online services.
Lionsgate swings to quarterly profit, revenue comes in above expectations
Shares of Lionsgate Entertainment Corp. rose 1% late Thursday after the entertainment company reported fiscal 2018 third-quarter adjusted earnings and revenue above expectations. Lionsgate said it earned $193 million, or 87 cents a share, in the quarter, versus a net loss of $31 million, or 19 cents a share, in the year-ago period. Adjusted for one-time items, the company earned $107 million, or 48 cents a share, in the quarter, compared with 20 cents a share a year ago. Revenue reached $1.14 billion, from $752 million a year ago. The company also said it resumed its quarterly cash dividend of 9 cents a share, payable May 1 to shareholders of record March 31. Analysts polled by FactSet had expected adjusted earnings of 41 cents on sales of $1.08 billion.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Lionsgate Reports Q3 Earnings Per Share $0.92
Lions Gate Entertainment Corp(LGF/A): * LIONSGATE REPORTS RESULTS FOR THIRD QUARTER 2018. * Q3 REVENUE ROSE 52 PERCENT TO $1.14 BILLION.
Lions Gate shares gain 10% on report of merger talks with Amazon, CBS-Viacom, others
Lions Gate Entertainment Corp. shares rose nearly 10% on Thursday after a Deadline report, citing one unnamed source, that the company is in active merger talks with Amazon.com Inc. , Verizon Communications Inc. and a potentially recombined Viacom Inc. and CBS Corp. . Lions Gate declined to comment. The report comes after multiple media reports that Shari Redstone, vice chair of Viacom and CBS, is pushing for the two companies to merge. Shares of Viacom rose roughly 8% on Thursday, while CBS shares rose almost 5%. Walt Disney Co. is also in the midst of trying to acquire TV and film entertainment assets from 21st Century Fox Inc. . Shares of Lions Gate Entertainment have gained more than 24% in the last 12 months, while the S&P 500 index is up more than 23% and the Dow Jones Industrial Average is up almost 32%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Lions Gate Entertainment Entered Amendment No. 1 To Certain Credit & Guarantee Agreement
* LIONS GATE ENTERTAINMENT SAYS ENTERED AMENDMENT NO. 1 TO
CREDIT & GUARANTEE AGREEMENT DATED DEC 8, 2016 - SEC FILING
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