Lionsgate takes $1.8 billion by exiting seven former Starz markets

Lionsgate takes $1.8 billion by exiting seven former Starz markets

Lionsgate elected to exit seven international territories for Lionsgate+, its international operations rebranded to Starzplay, resulting in a second-quarter operating loss of $53.7 million before the impact of approximately $1.7 billion in fees accounting and non-cash restructuring. The streamlining move comes as the Hollywood studio released its second-quarter financial results while exploring a possible sale …

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