‘Michael’ Boosts Lionsgate Quarterly Results as Studio Narrows Loss to $29 Million

Shamone! Record-breaking biopic “Michael” helped Lionsgate’s movie division turn in a profit of $105 million — its best-ever result for a June quarter. Lionsgate’s Motion Picture segment revenue of $587.3 million more than doubled from the prior-year quarter. The segment profit was up from a nominal $2.4 million in the

Lionsgate Studios posted a strong June quarter as motion picture revenue of $587 million more than doubled from the prior year and profit hit a Q1 record $105 million driven by the billion-dollar worldwide box office of Michael and the strong ancillary performance of The Housemaid. The company said television productio

The Michael Jackson biopic has sashayed past the $1 billion global box office mark.