Lionsgate Hit By $50 Million In COVID-19 Related Costs Last Quarter, Expects More And Is Seeking Insurance To Cover

  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

Lionsgate Thursday reported $50 million in costs last quater due to COVID-19, said it anticipates more are coming and that it’s seeking insurance to cover what it can

Thursday reported $50 million in costs last quater due to COVID-19, said it anticipates more are coming and that it’s seeking insurance to cover what it can.

Hitting the main points ahead of a conference call scheduled for 5 pm ET, the mini-major said over-the-top paid subscribers increased to 10.6 million, driven by strong sequential gains atHalle Berry Joins Roland Emmerich's 'Moonfall' Sci-Fi At Lionsgate Motion Picture sales increased by 10% to $393 million compared to the prior year quarter due to the strong home entertainment performance of, was in theatres for only four days before they closed, but the studio pivoted quickly to launch the title in an exclusive premium video-on-demand window to mitigate lost theatrical revenue. Segment profit was $101 million.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 109. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lionsgate Discloses $50 Million Hit Over COVID-19 Production ShutdownLionsgate saw its global subscriber base for Starz and Starzplay Arabia grow to 10.6 million, with the domestic paid subscriber base standing at 6.8 million
Source: THR - 🏆 411. / 53 Read more »

Lionsgate Takes $50.5 Million COVID-19 Charge in Q4Lionsgate has reported a charge of $50.5 million in the fourth fiscal quarter that ended on March 31 due to the COVID-19 pandemic and related economic disruption — with $46 million reflected …
Source: Variety - 🏆 108. / 63 Read more »

Lionsgate Discloses $50 Million Hit Over COVID-19 Production ShutdownLionsgate saw its global subscriber base for Starz and Starzplay Arabia grow to 10.6 million, with the domestic paid subscriber base standing at 6.8 million
Source: THR - 🏆 411. / 53 Read more »

New Jersey abandons internet voting, for nowNew Jersey won’t rely on internet voting during its presidential primary, but also won’t rule it out for the general election Yes what a perfect way to get hacked on election day Digitizing voting is the stupidest fucking idea. And this comes from a very online squirrel.
Source: politico - 🏆 381. / 59 Read more »

Global COVID-19 cases top 5 millionTop scientist warns not to bank on COVID-19 vaccine as global cases top 5 million. tump acts like we have beaten this thing. far from it. tump rails against mail in voting, yet he and his family just did it.
Source: YahooNews - 🏆 380. / 59 Read more »

Royal Caribbean warns of second-quarter loss on COVID-19 hitRoyal Caribbean Cruises Ltd forecast a loss in the second quarter on Wednesday as the cruise operator struggles with mounting debt amid trip cancellations due to travel curbs imposed to check the spread of the coronavirus. You don't say. I'm surprised that at least one of the big cruise lines hasn't folded. Even before coronavirus, the industry over built, and marketing will only cover so much of that problem Cruise ships are huge polluters. Hope they all go broke.
Source: Reuters - 🏆 2. / 97 Read more »