Ben Affleck’s The Accountant was the number one movie at the US box office this past weekend. It brought in $24.7MM on a budget of only $44MM. The WB, who distributed the title, should be ecstatic, right? Well, similar to our analysis on Star Trek and Ghostbusters, let’s take a closer look and see:
Continue reading “Even Though The Accountant was #1 at B.O, WB Accountants May Still See Red”
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.
Continue reading “Q2 (their Q1 Fiscal 2017) – Lionsgate Earnings Call Summary”