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Lions Gate Entertainment Corp (LGF)

LGF on New York Consolidated

24.10USD
6 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Lionsgate suspends quarterly cash dividend in anticipation of Starz merger
Thursday, 22 Sep 2016 04:08pm EDT 

Lions Gate Entertainment Corp :Lionsgate suspends quarterly cash dividend in anticipation of starz merger.  Full Article

Lions Gate Entertainment director Gordon Crawford reports purchase of 50,000 shares of Co's common stock on Aug 9 at $21.7 per share - SEC Filing
Wednesday, 10 Aug 2016 04:32pm EDT 

Lions Gate Entertainment Corp :Lions Gate Entertainment director Gordon Crawford reports purchase of 50,000 shares of Co's common stock on Aug 9 at $21.7 per share - SEC Filing.  Full Article

Lionsgate reports Q1 adj EPS $0.20
Thursday, 4 Aug 2016 04:00pm EDT 

Lions Gate Entertainment Corp : Lionsgate reports results for first quarter fiscal 2017 . Q1 adjusted earnings per share $0.20 . Q1 revenue $553.6 million versus I/B/E/S view $494.9 million .Qtrly earnings per share $0.01.  Full Article

Lions Gate says acquired a stake in Primal Media
Wednesday, 13 Jul 2016 09:00am EDT 

Lions Gate Entertainment Corp : Lionsgate launches new uk television production shingle, primal media .Will distribute primal media's content worldwide and will produce formats owned by primal media for u.s. And worldwide market.  Full Article

S&P downgrades Starz LLC to 'BB-' from 'BB' on pending acquisition by Lions Gate
Friday, 1 Jul 2016 01:34pm EDT 

S&P:Starz LLC downgraded to 'BB-' from 'BB' on pending acquisition by Lions Gate; on creditwatch negative.  Full Article

S&P says Lions Gate Entertainment ratings remain on creditwatch negative
Friday, 1 Jul 2016 01:32pm EDT 

S&P: Lions Gate Entertainment Corp ratings remain on creditwatch negative on the company's pending acquisition of Starz LLC . Creditwatch placement reflects risk Lions Gate's credit measures might not improve to levels appropriate for 'BB-' rating and its announcement to acquire Starz LLC ."Although we expect incremental cost savings primarily from a tax standpoint, we believe acquisition will weaken Lions Gate's core financial measures".  Full Article

Moody's places lions gate's credit ratings on review for downgrade
Thursday, 30 Jun 2016 07:21pm EDT 

Moody's : Moody's places lions gate's credit ratings (ba3 cfr) on review for downgrade . Lionsgate's rating outlook was changed from negative to ratings under review for downgrade . Rating review is prompted by lionsgate's announcement today that it entered into definitive agreement to acquire starz for cash and stock Source : (http://bit.ly/298ZRc6) (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780).  Full Article

Lionsgate to acquire Starz for $4.4 bln in cash and stock
Thursday, 30 Jun 2016 08:00am EDT 

Starz : Starz says lionsgate expects acquisition to be highly accretive, generate significant synergies and create a whole that is greater than sum of its parts . Lionsgate to acquire Starz for $4.4 billion in cash and stock . Each share of lionsgate common stock will be reclassified into 0.5 voting and 0.5 newly created non-voting shares . Lionsgate intends to fund cash portion of deal with a combination of newly issued bank and bond financing . Holders of each share of starz series a common stock will receive $18.00 in cash as well as 0.6784 of a share of lionsgate non-voting stock . Starz says liontree advisors is serving as exclusive financial advisor and baker botts llp is serving as legal advisor to starz . Acquisition is expected to generate significant revenue and cost synergies . Starz says j.p. Morgan, bank of america merrill lynch, deutsche bank and credit suisse are serving as financial advisors to lionsgate .Holders of each share of co's series b stock to get $7.26 in cash, 0.6321 share of lionsgate voting stock, 0.6321 share of lionsgate non-voting stock.  Full Article

Lions Gate Entertainment says Youtube orders its dance drama series Step Up
Thursday, 23 Jun 2016 08:30pm EDT 

Lions Gate Entertainment Corp :Youtube orders lionsgate television's dance drama series step up, inspired by global movie phenomenon.  Full Article

Lionsgate Entertainment reports qtrly earnings per share of $0.07
Wednesday, 25 May 2016 04:00pm EDT 

Lionsgate Entertainment Corp : Lionsgate reports results for fiscal 2016 . Q4 adjusted earnings per share $0.27 . Q4 revenue $791.2 million versus I/B/E/S view $740.7 million . Company pays quarterly cash dividend of $0.09 per common share . Qtrly filmed entertainment backlog of approximately $1.5 billion versus. $1.3 billion Q-O-Q . qtrly earnings per share $0.07 .Q4 earnings per share view $-0.02, revenue view $738.7 million -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-Lions Gate says enters into stipulation with plaintiff for settlement of litigation

* Lions gate entertainment -entered into stipulation with plaintiff for settlement of action litigation relating to proposed merger of orion arm acquisition with starz Source text for Eikon: Further company coverage: