#SPOT PROCESS SEPARATION STUDIO 4 $380 UPDATE#
#SPOT PROCESS SEPARATION STUDIO 4 $380 FULL#
#SPOT PROCESS SEPARATION STUDIO 4 $380 PLUS#
#SPOT PROCESS SEPARATION STUDIO 4 $380 SERIES#

'Dirty Dancing,' starring Jennifer Grey and the reimagining of our classic library title, got a great response from distributors at Cannes this week. Ana de Armas will start in 'Ballerina,' the 'John Wick' action spin-off, which begins production later this year. 'John Wick: Chapter 4' is finishing production for release early next year. Second, our portfolio of franchises lies at the core of our intellectual property, and we're in production or active development on spin-offs, sequels, prequels, reimaginings, and other brand extensions for nearly every one of them. In addition to being a content distribution platform, throwing off recurring subscriber revenue, Starz is a pillar of our content creation strategy, building a slate of valuable intellectual property with a bold, premium, adult sensibility, that can be a valuable complement to the programming of the general entertainment platforms.Д®ven after executing our strategic plan for Starz, we will continue to partner with them in the creation of great IP, building our library, and achieving important synergies between Starz and our Studio business. In a world that rewards optionality, by the end of the year, we expect to return to our annual run rate of 45 to 55 films across our wide theatrical, multi-platform and direct-to-streamer businesses. As we continue to prepare our biggest brands for theatrical release, we're also releasing smaller and medium budget films that lend themselves to innovative windowing strategies and release on streamers. We've maintained our film production tempo throughout the pandemic, assembling a slate that encompasses big tentpoles, a strong multi-platform business, and a growing lineup of feature films for streamers.

#SPOT PROCESS SEPARATION STUDIO 4 $380 SERIES#

Our television group is the top independent supplier of premium scripted series with five series at HBO Max, three shows at Apple TV Plus, five series airing or in the works with our broadcast network partners, seven shows with AVOD platforms, 15 series lined up at Starz and series at Showtime, Netflix, and Amazon, among others. First, our strong content creation year is driving growth across all of our businesses. Instead of my usual overview of each of our businesses, I want to talk about four things that contributed to our value creation across our content platform during the year.

#SPOT PROCESS SEPARATION STUDIO 4 $380 FULL#

Some of them, like our investment in new television series, will show their full value as our shows continue to be renewed for later seasons, but these early results promise a significant return on our investment. Not all of these accomplishments have been reflected yet in our financial results. And with an eye toward the economy, we took a disciplined and conservative approach to overhead while being opportunistic in executing treasury management strategies to keep our balance sheet strong. We grew Starz global subscribers by a record 6.3 million in the year to 35.8 million, including STARZPLAY Arabia, with approximately 80% of them streaming and linear a la carte subscribers. We ramped our slate of Starz original scripted series from six to 11, doubling down on a focused content investment that did its job by reducing over-the-top churn by nearly 20%. We supported our content creation by opening and beginning production at our Lions Gate Studios in Yonkers, then extended our studio production footprint by announcing a second studio facility in Newark.

#SPOT PROCESS SEPARATION STUDIO 4 $380 PLUS#

We finalized Pay 2 theatrical output deals with Roku and Peacock, complementing our Pay 1 theatrical output agreement with Starz closed major licensing deals for the hit comedy Ghosts with Paramount Plus and Schitt's Creek with Hulu. We generated $766 million in revenue from our film and television library, added more than 500 titles to our library organically and through acquisitions like the SpyGlass Media deal. We went 15 for 15 in renewals of current series, including all three of our broadcast network series, putting them on the path to syndication.

We produced 21 feature films, had a record 14 new television shows picked up to network series. In spite of a very competitive and disruptive environment, we've just completed one of our best content-building years ever, as we continue to create significant long-term value. We're targeting an announcement of our plan by the end of the summer and expect a transaction could close as early as our fiscal fourth quarter. We are engaged in a robust and productive process with our bankers and a number of potential strategic and financial partners.

#SPOT PROCESS SEPARATION STUDIO 4 $380 UPDATE#

Before I recap the quarter and the year, I'd like to update everyone on our progress in creating a structure to allow investors to value our Starz and Studio assets separately by spinning off Starz. Thank you, Nilay, and good afternoon, everyone.

Spot process separation studio 4 $380