Lionsgate Studios Corp.

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.