Lions Gate Entertainment Corp (NYSE:LGF.A)

$ 8.07 -0.16 (-1.94%) Market Cap: 1.80 Bil Enterprise Value: 6.01 Bil PE Ratio: 0 PB Ratio: 0 GF Score: 66/100

Lions Gate Entertainment Corp at Bank of America Media, Communications and Entertainment Conference Transcript

Sep 14, 2023 / 05:10PM GMT

Release Date Price: $8.42 (+4.47%)

Transcript

Jessica Jean Reif Ehrlich Cohen

BofA Securities, Research Division - MD in Equity Research

Thank you for joining Lionsgate. We're thrilled to have Jeffrey Hirsch here, President and CEO of Starz. So I'll get started. I'm joined up here by Brent Navon, who is on my team and I'll get started, and we'll (inaudible).

Questions & Answers

Jessica Jean Reif Ehrlich Cohen

BofA Securities, Research Division - MD in Equity Research

So Jeff, several streaming services have raised or indicated they will raise prices for their D2C service. And you've indicated that Starz will raise your price for the first time from $8.99 to $9.99 at the end of June. What are you seeing from a consumer demand perspective? And your domestic subs -- over-the-top subs are down -- were down 500,000 in the June quarter. With the price increase, do you expect -- do you anticipate further sub declines?

Jeffrey A. Hirsch

Starz - President & CEO

Yes. So we've looked at the business over the last couple of years, and this is the first

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