“We are pleased to announce a quarter with strong monetary effects in which all of our priorities were clear,” said Jon Feltheimer, Lionsgate’s chief executive. “During the quarter, we took steps to monetize our film and television library, follow cutting-edge distribution methods for our films, and acquire new homes while renewing others. Most importantly, we have used all of our resources to continue expanding the unique and valuable scalable global streaming platform.”
The library’s profits in the quarter reached a record $219.0 million, due to strong demand for content and profits from Mad Men’s recent syndication.