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Fly News Breaks for May 30, 2019
LGF.A
May 30, 2019 | 08:07 EDT
Argus analyst Joseph Bonner downgraded Lionsgate to Hold, saying that in spite of the recent success of its John Wick 4 film, the studio has a "remarkably fallow" period for content production. The analyst notes that Starz has become the company's main "profit driver", even though the business unit lost 2.8M cable subscribers in FY19, adding that the costs of its expanded Starzplay internationally will cut "deeply" in FY20.
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