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‘Michael’ Boosts Lionsgate Quarterly Results as Studio Narrows Loss to $29 Million

‘Michael’ Boosts Lionsgate Quarterly Results as Studio Narrows Loss to $29 MillionWorldPing

Shamone! Record-breaking biopic “Michael” helped Lionsgate’s movie division turn in a profit of $105 million — its best-ever result for a June quarter. Lionsgate’s Motion Picture segment revenue of $587.3 million more than doubled from the prior-year quarter.

This is a short WorldPing brief. The full report was published by Variety.

Read the full report at Variety

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