We also continue to generate the robust free cash flow we

A CEO Jon Feltheimer on Q4 2018 Results

buy canada goose uk Sign in / Join Now buy canada goose uk

canada goose outlet las vegas Ladies and gentlemen, thank canadian goose jacket you very much for standing by. Welcome to the Lionsgate Fiscal 2018 Fourth Quarter Year End Earnings Conference Call. At this time, all participants are in a canada goose uk outlet listen only mode. Later, we will conduct a question and answer session and instructions will be given to you at that time. [Operator Instructions] And as a reminder, today’s call is being recorded. canada goose outlet las vegas

canada goose outlet toronto I would now like to turn the conference over to Senior Vice President and Head of Investor Relations, James Marsh. Please go ahead. canada goose outlet toronto

canada goose outlet location Thanks, Nova. Good afternoon, everyone. Thank you for joining us today for the Lionsgate’s fiscal 2018 fourth quarter call and year end earnings conference call. We’ll begin with opening remarks from our CEO, Jon Feltheimer; followed by remarks from our CFO, Jimmy Barge. After their remarks, we’ll open the call up for your questions. canada goose outlet location

canada goose outlet buffalo Also, joining us on the call today are Vice Chairman, Michael Burns; Starz’ President and CEO, Chris Albrecht; Starz’ Chief Operating Officer, Jeff Hirsch; Lionsgate’s canada goose Chief Operating Officer, Brian Goldsmith; Chairman of the Motion Picture Group, Joe Drake; Chairman of TV Group, Kevin Beggs; Chief Operating Officer of the TV Group, Laura Kennedy; and Chief Accounting Officer, Rick Prell. canada goose outlet buffalo

canada goose outlet uk sale The matters discussed on this call today include forward looking statements, including those regarding the performance of future fiscal years. Such statements are subject to a number of uk canada goose risks and uncertainties. Actual results could differ materially and adversely from those described in our forward looking statements as a result of various factors, including Canada Goose Coats On Sale the risk factors set out in our Annual Report and Form 10 K filed with the SEC on May 24. The company undertakes no obligation to publicly release the result of any revisions to these forward looking statements and may be Canada Goose Outlet made to reflect any future events and circumstances. canada goose outlet uk sale

canada goose outlet orlando With that, I’ll turn it over the call to Jon. Jon? canada goose outlet orlando

canada goose outlet hong kong Thank you, James. And thank you all for joining us canada goose factory sale today. Many of you’ve already read the exciting news that this morning we launched our STARZ offering on Amazon Prime in the United Kingdom and Germany. This is another major step in rolling out STARZ as the canada goose store global consumer brand. I’ll talk more about this international rollout in a moment. But first I’d like to briefly recap a strong quarter and a successful year in which we exceeded our internal and consensus financial expectations. canada goose outlet hong kong

canada goose outlet toronto address We achieved this performance with significant contributions across our film, television and STARZ platform, enabling us to grow adjusted OIBDA by 11% to a record $604 million last year. We also continue to generate the robust free cash flow we anticipated. Let me take you through the highlights buy canada goose jacket of the year that contributed to our strong performance. canada goose outlet toronto address

canada goose outlet los angeles At STARZ, we signed new deals with Verizon, Amazon, Altice and Sprint. They reflect the compelling value proposition we offer to linear and digital platforms alike. We achieved record ratings from returning series Power and Outlander and renewed key properties like American Gods and Girlfriend Experience. Earlier this month, we launched new series Vida, Sweetbitter and Howard’s End, driving over the top subscriber ad to their highest level since last October. And year over year we’ve more than doubled STARZ over the top subscribers. canada goose outlet los angeles

canada goose outlet 2015 For their new programming connecting with its core demos, we reduced subscriber churn to its lowest level ever as data from our direct to consumer business continues to enhance our ability to target our audiences. In spite of disruption in the traditional MVPD universe, success of our STARZ Canada Goose Online over the offerings allowed us to grow overall media network segment revenue by 5% last year. Canada Goose online And we anticipate growth again this year. canada goose outlet 2015

canada goose outlet real Turning to our film group. We increased our calendar year domestic canada goose coats on sale box office by 30% in a highly competitive environment with hits from all areas of our slate. Wonder, a targeted film that we transformed into $300 million worldwide box office success. Ryan Reynolds and Sam Jackson’s The Hitman’s Bodyguard. Pantelion’s breakout film, How To Be a Latin Lover and together with our partners at Amazon Studios, The Big Sick, www.canadagooseoutletjackets.com one of the biggest indie canada goose clearance sale hits of the year. canada goose outlet real

canada goose outlet trillium parka black We are off to fast start again this year with a faith based I Can Only Imagine; The Commuter from our friends at STUDIOCANAL and Pantelion and MGM’s comedy hit Overboard. In fact, Overboard is on its way to becoming Pantelion’s highest grossing film ever, reaffirming our ability to deliver hit content to the Latinx community. And overall thanks to a targeted diversely and an efficient business model, cheap Canada Goose we achieved ultimate profitability on over 90% of our fiscal 2018 theatrical releases. canada goose outlet trillium parka black

canada goose outlet germany We’re looking forward to another great slate this year. With a feel good comedy Uncle Drew, some dance sensation Blind Spotting, The Spy Who Dumped Me starring Mila Kunis and Kate McKinnon, a simple favor with Blake Lively and Hannah Kendrick, Robin Hood starring Taran Edgerton and Jamie Foxx and the Seth Rogen, Charlize Theron comedy, Flarsky. canada goose outlet germany

canada goose clothing uk Fiscal 2018 was also a year in which we prepared to launch new franchises like Chaos Walking and the Kingkiller Chronicles, expanded the universe of existing brands like John Wick and adapted our step up film series into a hit television show that has just been renewed for the canada goose uk black friday second season on YouTube. Last week at the Cannes Film Festival, our presentation of Kingkiller led by director Sam Raimi with a hit with international buyers as we move forward with a major event film, a premium origin series and mobile console and board games with three different partners all under the creative leadership of Lin Manuel canada goose uk shop Miranda. canada goose clothing uk

canada goose outlet new york city In uk canada goose outlet television, we not only readied a number of signature properties for Canada Goose Parka our network partners, but most importantly assembled our first Lionsgate produced lineup of premium programming for STARZ. The Rook, our co production with Liberty global began shooting in London earlier this month with a terrific cast and the John Wick spin off the Continental is slated to begin production early next year. Canada Goose Jackets It was also a year in which we continued to form new relationships with top streaming platforms while expanding our existing partnerships. The six scripted and unscripted series for Netflix, a growing supply of premium show for YouTube and our first original series for Facebook watch. canada goose outlet new york city

canada goose kensington parka uk And it was a year in which our interactive games location based entertainment and Lionsgate over the top initiatives continued to gain momentum. Just yesterday our fast growing Pantaya, Spanish language streaming movie service launched on the Comcast X1 platform. With a continued success of Pantelion’s later films including the recent hit Overboard, the debut of STARZ original canada goose jackets series like Vida and the rollout of Pantaya, we continue canada goose black friday sale to build our leadership in the very important Latinx vertical. canada goose kensington parka uk

canada goose outlet sale In addition to what we achieved in our individual businesses, we had a very successful year integrating Lionsgate and STARZ bringing our employees together, achieving greater than expected financial and operating synergies, working collaboratively to extract maximum value from STARZ original series on the distribution front, while partnering creatively to add exciting new properties to the STARZ pipeline. And as I mentioned at the start of my remarks, earlier today we launched STARZPLAY branded channels in the UK and Germany on the Amazon platform bringing Amazon Prime subscribers over 1,000 hours of premium STARZ original series, Lionsgate shows like The Royals Casual and Boss and blockbuster film franchises from Saw to The Hunger Games. canada goose outlet sale

official canada goose outlet The Amazon relationship is an important part of our plan to create significant market share worldwide by rolling out the STARZ brand in 15 territories over the next three years. All of this activity comes on top of a successful STARZ launch in Canada and the continued growth of our STARZPLAY venture in cheap canada goose uk the Middle East and North Africa. In Canada, where we recently announced our partnership with Bell Media, STARZ programming is already available to consumers with full over the top and linear rollout slated for early next year. official canada goose outlet

canada goose uk And in the Middle East and North Africa, our STARZ play buy canada goose jacket cheap Arabia Ventures become a market leader poised to cross the 1 million subscriber mark. Our strong growth momentum also continues on the domestic front starting with renewal of our domestic distribution deal with Amazon creating win win incentives designed to accelerate subscriber growth on one of our most important over the top platforms. And today, canada goose clearance we’re pleased to report that STARZ will launch on YouTube TV next month bringing our full array of programming to consumers via canada goose coats their smartphones, tablets, PCs and connected TVs. canada goose uk

canada goose outlet in canada We follow that with another major digital platform launched on Hulu in October and we expect meaningful subscriber increases from all of these new deals. These steps are just the beginning as our programming investment continues to bear fruit, and as we roll out additional distribution partnerships domestically and internationally. We’re locked and loaded for accelerated global expansion and overall subscriber growth in fiscal 2019. canada goose outlet in canada

canada goose outlet kokemuksia I’d like to note that none of these initiatives would have been possible without our unique value proposition. A massive content library, rich slate of original Lionsgate films and television series and a robust lineup of STARS Canada Goose sale programming to populate our expanding portfolio of branded channels around the world. canada goose outlet kokemuksia

canada goose outlet jackets In closing, we believe that the dynamics of today’s industry environment play to all of our strengths. Our expertise in creating targeted content for passionate affinity audiences, our agility and adapting to changes in our business. Our ability to attract talent through a holistic Lionsgate approach that leverages opportunities across all of our platforms, and our focus on finding the right partners to help us continue growing our global business. canada goose outlet jackets

canada goose outlet new york Now I’d like to turn things over to Jimmy. canada goose outlet new york

canada goose jacket outlet Thanks Jon, and good afternoon. I will briefly discuss our quarterly financial results and update you on our outlook as well as provide an update on our balance sheet. We reported solid results for the quarter and the full year. For the full year, adjusted OIBDA increased 11% over the prior year on pro forma combined basis despite an expected 4% decline in revenue, driven largely by a smaller film slate. Fiscal fourth quarter adjusted OIBDA was $136 million while revenue was $1.04 billion, down 16% and 17% respectively, driven largely by difficult comparisons in the motion picture segment relative to the prior year December release of La La Land canada goose jacket outlet.