Lionsgate Entertainment Files 2024 10-K

TL;DR

Lionsgate's 2024 10-K is in, detailing film costs and operations. Check financials.

AI Summary

Lionsgate Entertainment Corp. filed its 10-K for the fiscal year ending March 31, 2024, reporting on its media and entertainment operations. The company's business address is in Santa Monica, California, with a significant mail address in Vancouver, Canada. The filing details various financial aspects, including capitalized costs for film and television content, and operating costs.

Why It Matters

This filing provides a comprehensive overview of Lionsgate's financial performance and operational details for the past fiscal year, crucial for investors and industry observers to assess the company's health and strategic direction.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.

Key Numbers

• 20240331 — Fiscal Year End Date (The report covers the period up to this date.)

Key Players & Entities

• LIONS GATE ENTERTAINMENT CORP /CN/ (company) — Filer
• 20240331 (date) — Fiscal Year End
• SANTA MONICA, CA (location) — Business Address City, State
• VANCOUVER, A1 (location) — Mail Address City, Province

FAQ

Filing Documents

• lgfa-20240331.htm (10-K) — 4126KB
• exhibit411supplementalinde.htm (EX-4.1(1)) — 17KB
• exhibit412supplementalinde.htm (EX-4.1(2)) — 17KB
• exhibit413supplementalinde.htm (EX-4.1(3)) — 16KB
• exhibit414supplementalinde.htm (EX-4.1(4)) — 16KB
• exhibit415supplementalinde.htm (EX-4.1(5)) — 21KB
• exhibit416supplementalinde.htm (EX-4.1(6)) — 21KB
• exhibit417supplementalinde.htm (EX-4.1(7)) — 24KB
• exhibit418supplementalinde.htm (EX-4.1(8)) — 37KB
• exhibit419supplementalinde.htm (EX-4.1(9)) — 19KB
• exhibit4111supplementalind.htm (EX-4.1(11)) — 16KB
• exhibit421supplementalinde.htm (EX-4.2(1)) — 16KB
• exhibit101-q4f24directorco.htm (EX-10.1) — 10KB
• exhibit1027barge.htm (EX-10.27) — 199KB
• ex191insidertradingpolicya.htm (EX-19.1) — 42KB
• exhibit211-q4f24subsidiari.htm (EX-21.1) — 42KB
• lgf2024331-10kex231.htm (EX-23.1) — 9KB
• lgf2024331-10kex311.htm (EX-31.1) — 9KB
• lgf2024331-10kex312.htm (EX-31.2) — 10KB
• lgf2024331-10kex321.htm (EX-32.1) — 9KB
• exhibit97.htm (EX-97) — 15KB
• image_0.jpg (GRAPHIC) — 160KB
• image_0a.jpg (GRAPHIC) — 57KB
• lgfa-20240331_g1.jpg (GRAPHIC) — 1366KB
• lgfa-20240331_g2.jpg (GRAPHIC) — 56KB
• 0000929351-24-000012.txt ( ) — 25120KB
• lgfa-20240331.xsd (EX-101.SCH) — 150KB
• lgfa-20240331_cal.xml (EX-101.CAL) — 178KB
• lgfa-20240331_def.xml (EX-101.DEF) — 852KB
• lgfa-20240331_lab.xml (EX-101.LAB) — 1510KB
• lgfa-20240331_pre.xml (EX-101.PRE) — 1196KB
• lgfa-20240331_htm.xml (XML) — 3817KB

Risk Factors

Item 1A. Risk Factors 23

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 42

Cybersecurity

Item 1C. Cybersecurity 42

Properties

Item 2. Properties 43

Legal Proceedings

Item 3. Legal Proceedings 44

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 44 PART II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 45

[Reserved]

Item 6. [Reserved] 48

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 48

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 80

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 82

Changes In and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure 82

Controls and Procedures

Item 9A. Controls and Procedures 82

Other Information

Item 9B. Other Information 86

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 86 PART III

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 86

Executive Compensation

Item 11. Executive Compensation 86

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 86

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 86

Principal Accounting Fees and Services

Item 14. Principal Accounting Fees and Services 86 PART IV

Exhibits, Financial Statement Schedules

Item 15. Exhibits, Financial Statement Schedules 86

Form 10-K Summary

Item 16. Form 10-K Summary 92 2 Table of Contents

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K includes statements that are, or may be deemed to be, "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes," "estimates," "potential," "anticipates," "expects," "intends," "plans," "projects," "forecasts," "may," "will," "could," "would" or "should" or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this report and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which we operate. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We believe that these risks and uncertainties include, but are not limited to, those discussed under Part I, Item 1A. Risk Factors . These risk factors should not be construed as exhaustive and should be read with the other cautionary statements and information in this report. We caution you that forward-looking statements made in this report or anywhere else are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and the development of the industry in which we operate may differ materially and adversely from those made in or suggested by the forward-looking statements contained in this report as a result of various important factors, including, but not limited to: the benefits of the bus

BUSINESS

ITEM 1. BUSINESS. Overview Lionsgate (NYSE: LGF.A, LGF.B) encompasses world-class motion picture and television studio operations aligned with the STARZ premium global subscription platform designed to bring a unique and varied portfolio of entertainment to consumers around the world. Our film, television, subscription and location-based entertainment businesses are backed by a more than 20,000-title library and a valuable collection of iconic film and television franchises. We manage and report our operating results through three reportable business segments: Motion Picture , Television Production and Media Networks . We refer to our Motion Picture and Television Production segments collectively as our Studio Business and our Media Networks segment as our Media Networks Business . Financial information for our segments is set forth in Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations, in this Annual Report. On May 13, 2024, we consummated the business combination which resulted in the launch of Lionsgate Studios. As of May 14, 2024, the common shares of our Studio Business trades on The Nasdaq Stock Market LLC ("Nasdaq") under the symbol "LION." See Business Combination below for additional information. Studio Business Motion Picture: Our Motion Picture segment includes revenues derived from the following: Theatrical . The domestic theatrical release of motion pictures licensed to theatrical exhibitors on a picture-by-picture basis (distributed by us directly in the U.S. and through a sub-distributor in Canada). The revenues from Canada are reported net of distribution fees and release expenses of the Canadian sub-distributor. The financial terms that we negotiate with our theatrical exhibitors in the U.S. generally provide that we receive a percentage of the box office results. Home Entertainment . The sale or rental of our film productions and acquired or licensed films and certain television programs (i

View Full Filing

View this 10-K filing on SEC EDGAR