Lionsgate Revenue Grows 34 Percent

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Lionsgate reported a 34 percent increase in revenue from last year in its third quarter earnings report on Wednesday, likely the last before the consummation of its merger with Starz.

The Santa Monica-based content company reported revenue just under $640 million for the period ending Sept. 30. Because of operating costs, it had a net loss of $17.5 million.

“We’re making great progress in planning the integration of Starz and Lionsgate, and next quarter we expect to report combined numbers that will begin to reflect the scope of our vertically integrated global content platform,” said Jon Feltheimer, chief executive, in a statement.

Both the television and movie segments generated increased revenue. The company had seven theatrical releases during the latest quarter, compared to three in the same quarter last year. Releases included “Now You See Me 2,” “Nerve,” “Deepwater Horizon,” and “London Has Fallen.”

The company attributed most of the increase in television revenue to the performance of Pilgrim Media Group, a television production company in North Hollywood which it acquired last year. Pilgrim’s shows include “Ghost Hunters” and “The Ultimate Fighter.”

Shares were at $19 at the close of business Wednesday, down $0.78 from the day before.

Retail and hospitality reporter Caroline Anderson can be reached at [email protected]. Follow her on Twitter @Caroline_Mander.

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