Lions Gate Entertainment CORP /CN/

Market Movers (8-K)

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Starz Entertainment Corp. reported its second-quarter 2026 financial results, announcing an increased outlook for Adjusted OIBDA and Unlevered Free Cash Flow, while reaffirming its year-end leverage target.
Starz Entertainment Corp. announced the retirement of EVP and General Counsel Audrey Lee, effective May 1, 2026.
Starz Entertainment Corp. reported strong fourth-quarter 2025 results, exceeding all financial guidance and projecting significant growth and deleveraging in 2026.
Better than expected
Starz Entertainment Corp. announced a new employment agreement for President & CEO Jeffrey Hirsch, extending his tenure through 2028 with a comprehensive compensation package tied to performance.
Starz Entertainment Corp. announced its third-quarter 2025 financial results, reporting a decline in revenue and an increased net loss, alongside strong U.S. OTT subscriber growth and reiterated 2025 outlook.
Starz Entertainment Corp. has amended and restated its Code of Business Conduct & Ethics to align with current governance best practices following its separation from Lions Gate Entertainment Corp.

Quarterly Earnings (10-Q)

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Starz Entertainment Corp. disclosed a substantial net loss of $189.4 million for the second quarter of 2026, alongside a notable decrease in total revenue.
Worse than expected
Starz Entertainment Corp. reported a significant increase in net loss and a decrease in total revenue for the quarter ended September 30, 2025, following its separation from Lionsgate.
Worse than expected
Starz Entertainment Corp. reported a net loss of $42.5 million for Q2 2025, driven by subscriber declines and separation-related costs, as it transitions to a standalone public company.
Worse than expected
Capital raise
Lions Gate Entertainment's Q3 2025 results show a slight revenue decrease, with the company progressing on its strategic separation of the Studio Business and STARZ platform.
Worse than expected
Lions Gate Entertainment Corp. reports a net loss for the second quarter of fiscal year 2025, while navigating a complex business separation and ongoing restructuring efforts.
Worse than expected
Lions Gate Entertainment Corp. reports a net loss for Q1 2025, impacted by restructuring costs and strategic shifts, including the separation of its studio business.
Worse than expected

Annual Reports (10-K)

Starz Entertainment Corp. reports a net loss of $115.8 million for the nine months ended December 31, 2025, as it navigates its separation from Lionsgate and faces declining revenue in a competitive streaming market.
Worse than expected
Capital raise
Starz Entertainment Corp. filed an amended annual report to provide comprehensive details on its new corporate governance structure, executive compensation, and financial performance following its strategic separation from Lionsgate Studios.
Worse than expected
Capital raise
Starz Entertainment Corp. reports a reduced net loss for fiscal year 2025 following its separation from Lionsgate, while continuing significant business restructuring and facing a legal challenge regarding its senior notes.
Worse than expected
Capital raise
Lions Gate Entertainment Corp. files an amendment to its annual report on Form 10-K to include previously omitted information and updated certifications.
Delay expected
Capital raise
Lions Gate Entertainment Corp.'s annual 10-K filing details the separation of its Studio Business, financial results, and risk factors.
Worse than expected
Delay expected
Capital raise

Insider Trading (Form 4)

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James M. Kapenstein, SEE REMARKS of Lions Gate Entertainment Corp /Cn/, purchased 1,000 shares of common stock on August 10, 2026 for $25.73 per share.
Scott D Macdonald, CFO and Treasurer of Lions Gate Entertainment Corp /Cn/, reported multiple transactions in common stock on August 4, 2026.
Alison Hoffman, President of Starz Networks of Lions Gate Entertainment Corp /Cn/, reported multiple transactions in common stock on August 4, 2026.
Jason Wyrick, EVP, Technology of Lions Gate Entertainment Corp /Cn/, reported multiple transactions in common stock on August 4, 2026.
Mark H Rachesky, a Director and 10% owner of Lions Gate Entertainment Corp /Cn/, received 1,946 shares of common stock on July 28, 2026.
Emily Fine, a Director of Lions Gate Entertainment Corp /Cn/, received 1,946 shares of common stock on July 28, 2026.

Proxy Statements (Def-14A)

Lions Gate Entertainment Corp.'s Board of Directors has recommended collapsing the company's dual-class share structure into a single class, offering a 12% premium for Class A voting shares relative to Class B non-voting shares.
Lions Gate Entertainment Corp. and Screaming Eagle Acquisition Corp. amend their business combination agreement, increasing the PIPE investment to $225 million and adjusting transaction proceeds requirements.
Capital raise

Schedule 13D - Activist Investments

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Allen Family Capital, LLC, led by Byron Allen, has acquired a 10.7% stake in STARZ ENTERTAINMENT CORP for $25 million, signaling potential strategic engagement.
Liberty 77 Funds have agreed to sell all their common shares in Starz Entertainment Corp. for $25 million in a private transaction.
Warner Bros. Discovery, Inc. and Discovery Lightning Investments Ltd. have filed an Amendment No. 7 to Schedule 13D, confirming the sale of their remaining stake in Starz Entertainment Corp. and marking their exit as beneficial owners.
MHR Fund Management and its affiliates, including Dr. Mark H. Rachesky, have increased their beneficial ownership in Starz Entertainment Corp. to 17.2% through a recent share purchase from Discovery Lightning Investments Ltd.
Steven Mnuchin's investment entities, collectively known as the Liberty 77 Group, have disclosed a 10.8% beneficial ownership stake in Starz Entertainment Corp. following the recent separation of Lionsgate's studio and Starz businesses.
Starz Entertainment Corp. has completed its Separation Transactions and a 15-to-1 reverse stock split, significantly altering its share structure and establishing new board representation agreements with key shareholders including Liberty Global, MHR, and Discovery.

Schedule 13G - Passive Investments

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Capital Research Global Investors has filed a Schedule 13G amendment, reporting 0% beneficial ownership of Starz Entertainment Corp. common stock as of March 31, 2026.
Bank of Montreal and its affiliates filed an amended Schedule 13G, disclosing 0% beneficial ownership in Starz Entertainment Corp.
Delay expected
CastleKnight Master Fund LP and affiliated entities have reported a 6.7% beneficial ownership stake in Starz Entertainment Corp.
Several Bank of Montreal entities collectively hold a 10.75% stake in Starz Entertainment Corp, as disclosed in a Schedule 13G filing.
Capital Research Global Investors has reported a 5.2% beneficial ownership stake in Starz Entertainment Corp., holding 870,042 shares of common stock.
Capital Research Global Investors has disclosed an 8.9% passive ownership stake in Starz Entertainment Corp. common stock.