Lions Gate Entertainment Corp (NYSE:LGF.A) Q3 2020 Earnings Conference Call - Final Transcript
Feb 06, 2020 • 05:00 pm ET
Ladies and gentlemen, thank you for standing by, and welcome to the Lions Gate Third Quarter Fiscal 2020 Earnings Call. [Operator Instructions]
I'd now like to turn the conference over to our host, Mr. James Marsh, Head of Investor Relations. Please go ahead.
Good afternoon. Thank you for joining us for the Lions Gate Fiscal 2020 third quarter 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 for questions. Also joining us on the call today are Vice Chairman, Michael Burns; COO, Brian Goldsmith; Chairman of the TV Group, Kevin Beggs; and Chairman of the Motion Picture Group, Joe Drake. From Starz, we have President and CEO, Jeff Hirsch; CFO, Scott MacDonald; and EVP of International, Superna Kalle.
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 risks and uncertainties. Actual results could differ materially and adversely from those described in the forward-looking statements as a result of various factors. This includes the risk factors set forth in Lionsgate's most recent annual report on Form 10-K as amended in our most recent quarterly report on Form 10-Q filed with the SEC. The company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances.
I'll now turn the call over to Jon.
Thank you, James, and good afternoon everyone. We're pleased to report a quarter with strong performances by our feature film and home entertainment slates, multiple new production commitments in television and robust over the top subscriber growth at Starz.
Here are the highlights: an outsized performance from Knives Out, one of the biggest original box office hits of the year and a new Lionsgate franchise, a strong award season for Bombshell, the latest addition to our catalog of critically acclaimed brand-defining films. The continued growth of one of the world's premier action franchises as John Wick: Chapter 3 recorded the best home entertainment performance of any Lionsgate title in over five years. Strong momentum in our Television Group with 17 scripted series in production and eight new scripted series in pilot picked up and finally strong subscriber gains. We continue to make significant progress in the quarter, building out our streaming business with 8.6 million global over-the-top paid subscribers across Starz, STARZPLAY Arabia and Pantaya, accounting for 30% of our 28.5 million total global subscribers.
Now let's drill down in each of our businesses. At Starz beginning on the domestic front, we continued our transition in the quarter to an on-demand environment that will ultimately result in higher ARPU linear subscribers and higher value over-the-top subscribers. We reached a multifaceted long-term agreement with Comcast that provides a revenue glide path into a new distribution arrangement. Allows us to build an a la carte revenue sharing business together and