Lionsgate Chairman Kevin Beggs has said the studio is “working on a variety of projects” with 42, ramping up international productions and has put recent successes down to there being &…
in Wales, with Beggs talking up “more to come in all these markets.”
In the UK, Lionsgate took an equity stake in drama indie Potboiler Television five years ago and Beggs said projects are still at development stage. “For scale, the UK market is important and the terms of trade are very favorable to indies but it’s still a very small club [of indies] that get commissions there. We love what Potboiler has done and are trying to get more across the finish line.”Lionsgate’s TV division has been buoyed by recent successes mainly in the half-hour comedy space such as CBS’ and the unit defied the wider company’s quarterly earnings miss last quarter to boost revenues by 75% to $370.2M.
“Netflix has a huge subs base and has been the dominant player in the space since the start of the streaming revolution,” he added. “They sprinted ahead of everyone and now competitors are catching up so they are having to monitor their business. They will know better than anyone else what is efficient and performing and our job as sellers is to make sure we sell and generate shows that work for them and are hits.”is going “back to basics” and forecast a content spend this year of $17B.
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