July 26, 2023FilmTakeComments Off on Lionsgate Faces Substantial Financial Risks and Capital Requirements
Lionsgate has failed to deliver on long-touted plans for cash injection by spinning off Starz. Despite ongoing delays and several missed deadlines, Lionsgate is reportedly one of three final suitors vying for Canada’s eOne.
The battle over film licensing exclusivity transpired as expected once Netflix transitioned from a content aggregator to a content creator. One-by-one the major studios built direct-to-consumer streaming services to compete with Netflix.
Netflix emerged as the winner in a nearly two-year auction process for the exclusive U.S. rights to stream Sony’s theatrical releases in the lucrative first PayTV window starting with the studio’s 2022 slate.
As multiple streaming services prepare for an intensifying battle over European subscribers, British-made content continues to surge. This content bonanza and bidding wars between buyers are driving up prices for shows.