Lionsgate Studios Corp (NASDAQ: LION) is an entertainment company that produces and distributes motion pictures and television programming. Revenue is generated through theatrical releases, home entertainment (digital and packaged media), television licensing, and direct-to-platform sales. The company operates two primary segments, Motion Picture and Television Production, and competes in the independent studio space against major Hollywood studios and streaming platforms. Key franchises include John Wick and The Hunger Games, both referenced explicitly in the FY2025 10-K filed May 30, 2025. Home entertainment revenue was $659.9 million in FY2025, declining $78.1 million (10.6%) from FY2024, driven by lower digital and packaged media sales from original releases. Television revenue rose $72.9 million (26.6%) in FY2025 versus FY2024, reflecting theatrical titles moving into television windows. The company carries significant debt, including voluntary prepayments of $904.1 million in principal across LGTV Term Loan A and Term Loan B during FY2025.

Revenue model

Transactional and licensing model: theatrical box office, home entertainment (digital streaming and packaged media), television licensing windows, and direct-to-platform deals. A portion of revenue is generated from related-party arrangements under the Shared Services Agreement established at the May 2024 Studio Separation.

Products and services

Motion picture production and distribution, including franchises John Wick and The Hunger Games. Television program production and licensing. Home entertainment via digital media and packaged media formats. Direct-to-platform and multi-platform releases.

Customers and end markets

Theatrical exhibitors, television networks and streaming platforms, and home entertainment retailers and digital storefronts. End markets include theatrical audiences, television viewers, and digital media consumers.

Value-chain role

Content producer and distributor. Develops, finances, produces, and licenses film and television content across multiple distribution windows including theatrical, home entertainment, and television.

Geographic exposure

Primarily U.S.-based operations. Filing references foreign currency gains in FY2025, indicating some international revenue exposure, but no geographic revenue breakdown is provided in the excerpts.

Source: SEC 10-K, filed 2025-05-30

Industry: Services-Motion Picture & Video Tape Production