Lionsgate is confident that the current WGA strike won’t have a significant impact on their financials. CFO Jimmy Barge stated that the company has been preparing for a potential strike for months and has a strong content pipeline and library to rely on. Barge also noted that the 2007-2008 WGA strike lasted 100 days, and Lionsgate weathered that storm with only modest financial impact. In other news, Starz is set to raise its prices by $1 on June 26, but executives believe that the increased original programming will make it a great value for consumers. The company is also on track to split Lionsgate and Starz by the end of the September quarter, a move designed to unlock value for both companies and make them easier acquisition targets. CEO Jon Feltheimer stated that they are finalizing the intercompany agreement and taking steps to strengthen both companies’ balance sheets to prepare for the separation.
Lionsgate Executives Discuss WGA Strike, Starz Price Increase, and Future Separation of Streaming and Studio
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