Lionsgate Studios (LION) Registration Filing summary

Company overview and business model

• Operates as a leading standalone, pure-play, publicly traded content company with motion picture and television production and distribution businesses, a portfolio of brands and franchises, and a library of over 20,000 titles.

• Manages two main segments: Motion Picture (theatrical, home entertainment, TV, international, other) and Television Production (TV, international, home entertainment, other).

• Business model focuses on licensing content to theatrical exhibitors, streaming, broadcast, pay cable, and other platforms worldwide, with a disciplined approach to production, co-financing, and risk mitigation.

• Recent acquisitions include eOne, expanding the content library and strengthening the television business.

Financial performance and metrics

• For the nine months ended December 31, 2024: revenues were $2,125.8 million, with Motion Picture and Television Production each contributing 50%.

• Pro forma net loss attributable to controlling interest was $(132.1) million for the nine months ended December 31, 2024.

• As of December 31, 2024, pro forma total assets were $5,370.0 million, with cash and cash equivalents of $146.7 million.

• Pro forma corporate debt was $1,945.4 million and film-related obligations were $1,864.4 million.

• Adjusted OIBDA and segment profit are used as key non-GAAP performance measures.

Use of proceeds and capital allocation

• Proceeds from the exercise of stock options and SARs will be used for general corporate purposes.

• Capital allocation strategy focuses on reinvesting free cash flow into content growth and maintaining financial flexibility.