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0.00138440239963071 0.0018458698661744 0.00138440239963071 0.00323027226580527 0.00323027226580527 0.00323027226580527 0.00323027226580527 0.00323027226580527
Stock impact report

Lions Gate soars as studio’s Starz network settles Comcast fight [Business News Network (BNN) Energy & Resources (Canada)]

Lions Gate Entertainment CL A (LGF.A)  More Company Research Source: Business News Network
Last lions gate entertainment cl a earnings: 2/6 04:05 pm Check Earnings Report
PDF Lions Gate soars as studio’s Starz network settles Comcast fight Lions Gate Entertainment Corp. rose to its highest price in more than three months after the company reached a long-term agreement to keep its Starz pay-TV service airing on Comcast Corp.’s cable systems. Comcast had threatened to stop carrying Lions Gate’s Starz and Encore networks on its main bundle of channels. The deal provides for an “orderly transition to an a la carte business” for Starz, according to a statement Monday, but also creates new programming opportunities for both companies. The accord removes a major worry for investors in Lions Gate, which bought Starz in 2016 in a deal valued at $4.4 billion. With consumers now favoring streaming services, cable operators like Comcast have grown eager to control costs by getting more selective in the networks they carry. Shares of Lions Gate rose to their highest since September, climbing as much as 9.1% intraday in New York. They were down 38% this year before Mond [Read more]
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