Below are my key takeaways from the Lionsgate Q2 2016 (their First Quarter Fiscal 2017) Earnings Call on Aug 4:
Jon Feltherimer, CEO, said in his opening remarks, “During the quarter, we took significant steps to scale our content portfolio, and expand its access to world class distribution. Upon closing, our acquisition of Starz will be the largest and most transformative transaction in our history.”
Lionsgate agreed to buy premium channel Starz for $4,400MM and is expected to close by year end. The deal will have savings in production, manufacturing and marketing spend, with incremental tax savings of $150mm per year through 2021.
Revenue in the quarter was up 35% YoY to $553.6MM, due to strong gains in television production revenue.
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Below are my key takeaways from the Viacom Q3 2016 Earnings Call on Aug 4:
Philippe Dauman, CEO, said “Viacom continues to focus on making progress against our strategic plan.”
Revenue for the third quarter of fiscal 2016 was up 1.6% to $3,107MM, but Operating Income fell 29.1% to $769, due to programming costs and declines in ad revenues.
Signed long term carriage agreements with Cox and Dish , both with solid rate increases. The deal with Dish will see various Viacom channels, such as MTV, Comedy Central and BET, appear on Dish’s Sling TV streaming service.
Unveiled Viacom Vantage, a data-driven ad product that enables advertisers to reach their custom targets at the program level across the Viacom Media Networks portfolio. Will triple the number of Vantage deals to 35-40.
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Below are my key takeaways from the 21st Century Fox Q2 2016 Earnings Call on Aug 3:
Lachlan Murdoch, Co-Chairman, said “we have delivered a solid fiscal year performance driven by increases in affiliate revenues in both our domestic and international businesses as well as games and advertising revenue”.
Annual revenue (21st Century Fox ends their calendar year in Q2) was up 1.4% YoY to $27,326MM, due mainly to higher affiliate and advertising revenues at their Cable Network Programming and Television divisions, which was slightly offset by lower home entertainment and theatrical revenues at the Filmed Entertainment segment.
In the quarter, revenue was $6,646MM, up 7.1% from last year time period, when excluding the $2,040MM sale of the DBS business in 2015.
Received 103 primetime Emmy nominations and 41 sports nominations.
Fox News Channel was the highest rated basic cable channel over the last 12 months and achieved its highest level of total day viewing in its history. Empire, The X-Files and Modern Family were 3 of the 4 top broadcast series.
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