Lionsgate Studios (LION)
Produces and licenses films, television programming and library rights across global distribution windows.
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Develops and distributes films and television programming, earning from theatrical releases, home entertainment, platform and territory licensing, and 3 Arts talent-management commissions. Motion Picture and Television Production operations share a deep content library after the separation from Starz.
Develops, produces, acquires and distributes feature films through the Motion Picture segment, earning from theatrical exhibition, home entertainment, television licensing, international rights and ancillary uses. The Television Production segment creates and distributes scripted, unscripted and non-fiction programming and includes 3 Arts Entertainment, which earns talent-management commissions and producer fees.
Pairs new releases with a film-and-television library of more than 20,000 titles, extending content across streaming, broadcast, cable, packaged media and location-based or interactive experiences. International film rights are generally licensed territory by territory, while selected markets use direct distribution.
Production incentives, co-financing and pre-licensing help limit project exposure, but cash is committed before release and results depend on content acceptance, delivery timing and distribution windows. The post-separation studio continues to license some original productions to Starz.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 14, 2026 | Citigroup | Initiate | Rating: — | |
| Aug 7, 2026 | Seaport Global | Reiterate | Rating: —Target: $16 | Target: $17 |
| Aug 6, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $11 | Target: $15 |
| Jun 30, 2026 | B. Riley | Initiate | Rating: — | |
| Jun 17, 2026 | Robert W. Baird | Target | Target: $16 | Target: $20 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $425.8M · Total debt $3.94B · Total assets $5.33B · Shareholders' equity −$1.20B
- Revenue
- $776.6M
- Operating income
- $25.6M
- Net income
- −$28.8M
No dividends on record.
| Institutions | ≈ 89.25% | 265.58M shares | |
|---|---|---|---|
| 315 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 11.79% | 35.07M shares | |
| 9 holders · as of Sep 17, 2026 | |||
| Strategic holders | 2.36% | 7.04M shares | |
| 1 holder · as of May 7, 2025 | |||
| Adds to | 103.40% | ||
297.56M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 103.40%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
MHR Fund Management LLCInstitution | 12.65% | 37.65M | as of Jun 30, 2026 |
Liberty 77 Capital L.P.Institution | 12.62% | 37.55M | as of Jun 30, 2026 |
Mark H. Md RacheskyInsiderdirector, 10 percent owner | 10.20% | 30.36M | filed Sep 17, 2026 |
Jericho Capital Asset Management L.P.Institution | 6.32% | 18.82M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 5.52% | 16.43M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 8, 2026 | Mark H. Md Rachesky | director, 10 percent owner: | −37,429,059 | |
| Jul 8, 2026 | Mark H. Md Rachesky | director, 10 percent owner: | +42,600,497 | |
| Dec 22, 2025 | Jon Feltheimer | director, officer: Chief Executive Officer | −195,000 | $8.28 |
| Dec 23, 2025 | Michael Raymond Burns | officer: Vice Chair | −21,748 | $9.01 |
| Dec 18, 2025 | Brian Goldsmith | officer: Chief Operating Officer | −25,000 | $8.54 |
- Warner Bros. Discovery
Major studio rival in films, TV production, and library licensing
- Paramount Skydance
Studio and TV peer across Paramount, Skydance, and CBS content
- Walt Disney
Scale leader in global film, episodic content, and licensing
- Comcast
NBCUniversal studio peer in film, TV, and licensing windows
- Sony (ADR)
Sony Pictures overlaps in film, TV production, and content deals
- Netflix
Competes for originals, licensed content, talent, and viewing time
- Amazon
Amazon MGM and Prime Video overlap in content production
- Fox Class A
TV and AVOD content peer with limited film overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Lionsgate Studios | $11.43 | −0.48% | $3.42B | — | 26.8 | 1.2 | +47.7% |
| Warner Bros. Discovery | $30.80 | +0.01% | $77.22B | — | — | 2.1 | −11.2% |
| Paramount Skydance | $10.33 | +4.25% | $10.78B | — | 12.5 | 0.4 | +0.9% |
| Walt Disney | $103.95 | −0.27% | $180.96B | 21.5 | 13.9 | 1.8 | +7.1% |
| Comcast | $22.86 | −0.31% | $81.37B | 7.4 | 6.6 | 0.7 | −1.2% |
| Sony (ADR) | $23.49 | −0.43% | $138.53B | — | 27.4 | 1.7 | +0.3% |
| Netflix | $71.96 | −1.91% | $305.47B | 23.1 | 20.8 | 6.3 | +13.4% |
| Amazon | $255.36 | −1.20% | $2.78T | 20.8 | 27.4 | 3.6 | +19.6% |
| Fox Class A | $64.95 | +0.25% | $28.41B | 16.9 | 10.9 | 1.7 | +28.1% |
| Median | 20.8 | 13.9 | 1.8 | +4.0% |