Revenue Breakdown - For the year ended March 31, 2022, the contributions to the Company's consolidated revenues from its reporting segments included Motion Picture 32.9%, Television Production 42.5%, and Media Networks 42.6%[26]. - The Motion Picture segment's revenue breakdown included Theatrical at 5.5%, Home Entertainment at 51.6%, Television at 21.8%, International at 19.8%, and Motion Picture-Other at 1.3%[27]. - The Television Production segment's revenue sources include licensing to domestic and international markets, with significant contributions from scripted and unscripted series[28]. - The STARZ Networks segment generates revenue primarily from domestic distribution of STARZ branded premium subscription video services, accounting for 93.0% of its revenues[30]. - Ancillary revenues are generated from licensing films and television content to non-theatrical venues, contributing to overall revenue[50]. Content Strategy - In fiscal 2022, the Company released sixteen films theatrically in the U.S., with changes to release strategies including earlier releases on streaming platforms and premium video-on-demand[33]. - The Company maintains a disciplined approach to content acquisition and production, balancing financial risks against the probability of commercial success for each project[28]. - The licensing of rights in all media for in-house feature films and third-party acquisitions is a key revenue strategy[44]. - The company continues to invest in new programming and support the growth of STARZ's direct-to-consumer offering and STARZPLAY international service[28]. - The television business produces nearly 80 shows across more than 35 networks, showcasing a diverse programming slate[55]. Subscriber Metrics - STARZ had 21.0 million subscribers as of March 31, 2022, excluding promotional subscribers[65]. - Starz had 12.8 million subscribers as of March 31, 2022, across its international services[86]. - The STARZPLAY app is available in 18 countries and offers approximately 1,000 selections each month, including original series and commercial-free movies[93]. Awards and Recognition - The Company has received 129 Academy Award nominations and 32 wins, highlighting its competitive position in the industry[35]. - Starz's original programming has earned 241 Emmy Award nominations, including 38 wins[78]. Financial Management - The company has interest rate swap agreements to fix the interest rate on $1.7 billion of variable rate LIBOR-based debt[392]. - A quarter point increase in interest rates on the outstanding principal amount of variable rate individual production loans would result in $3.1 million in additional costs capitalized to respective film or television assets[395]. - The applicable margin for the Production Tax Credit Facility is SOFR plus 0.10% to 0.25% plus 1.50% per annum, with a maximum capacity of $235 million[396]. - The company redeemed $518.7 million of 5.875% Senior Notes and $545.6 million of 6.375% Senior Notes, issuing $1 billion of 5.500% Senior Notes in the process[393]. - A 1% increase in interest rates would decrease the fair value of the 5.500% Senior Notes by approximately $52.9 million[398]. Operational Expansion - The company manages operations in India to explore growth opportunities in the South Asian market[45]. - The company continues to expand its STARZ offering in emerging Asian markets through direct-to-consumer launches[52]. - The company expects to launch additional wholesale partners and potentially expand the STARZPLAY app into more countries in the coming years[88]. Joint Ventures and Partnerships - The company actively evaluates its joint ventures and partnerships to ensure they align with its strategic goals and enhance long-term returns[102]. - The company holds a majority interest in 3 Arts Entertainment and Pilgrim Media Group, enhancing its competitive position in the entertainment industry[102]. - Starz's affiliation agreements with distributors are structured as multi-year agreements with staggered expiration dates through 2026[89]. - Starz's programming agreements include significant multi-country library agreements with major studios such as Sony and Universal[100]. Live Entertainment and Interactive Ventures - The Global Live Entertainment division announced multiple live entertainment projects, including shows for Broadway[46]. - The Interactive Entertainment business is expanding with games across various platforms and NFT projects[47].
Lions Gate Entertainment(LGF_A) - 2022 Q4 - Annual Report