Lionsgate Studios Corp.

Lionsgate Studios Corp. is a standalone content company focused on motion picture and television production and distribution. The company operates with a portfolio of brands and franchises, includes the talent management and production company 3 Arts Entertainment, and manages a film and television library of more than 20,000 titles. Lionsgate Studios Corp. classifies its operations into two reportable business segments: Motion Picture and Television Production. The Motion Picture segment generates revenue from several sources. Theatrical revenue comes from the domestic theatrical release of motion pictures, licensed to exhibitors on a picture-by-picture basis. Distribution is handled directly in the U.S. and through a sub-distributor in Canada, with Canadian revenues reported net of distribution fees and release expenses. Financial terms with U.S. theatrical exhibitors generally involve a percentage of box office results. Theatrical revenues also include licenses to direct-to-platform customers for initial motion picture releases. Home Entertainment revenue is derived from the sale or rental of film productions, acquired or licensed films, and certain television programs (including theatrical and direct-to-video releases) on packaged media and through digital media platforms such as pay-per-view, video-on-demand, electronic sell-through, and digital rental. The company also has revenue sharing arrangements with certain digital media platforms, where it shares in rental or sales revenues generated by the platform on a title-by-title basis, often in exchange for a nominal or no upfront sales price. The Television segment also contributes to revenue.