Lions Gate Entertainment Corp (NYSE:LGF.A) Q4 2020 Earnings Conference Call - Final Transcript

May 21, 2020 • 05:00 pm ET


Lions Gate Entertainment Corp (NYSE:LGF.A) Q4 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by, and welcome to the Lions Gate Entertainment Fourth Quarter 2020 Earnings Call. [Operator Instructions]

I would now like to turn the conference over to James Marsh, Head of Investor Relations. Please go ahead.

James Marsh

Good afternoon. Thank you for joining us for the Lions Gate fiscal '20 fourth 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. And 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. These include the risk factors set forth in Lions Gate's most recent Annual Report on Form 10-K. 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.

With that, I'll turn it over to Jon. Jon?

Jon Feltheimer

Good afternoon. Thank you, James, and thank you all for joining us in these extraordinary times. I hope you're staying safe and healthy. A few months ago, I could never have imagined some of the things we'd be talking about on this call. Our employees working from home, film and television production suspended, movie theaters closed, and all of the other emergency adjustments we've made due to the pandemic. But as we report a strong quarter to end the fiscal year in line with our forecast, I'm also struck by how much we're continuing to accomplish moving the Company forward on all fronts despite all of the challenges around it and generating a lot of momentum heading into our new fiscal year.

Let me share a few recent highlights, and then I'll drill down on each of our businesses and talk about how we're transforming them to continue to operate successfully in this new normal. Starz streaming business is thriving in the at-home environment, as we reached 6.8 million paid domestic over-the-top subscribers in the quarter, well in excess of our projections and it has continued its strong growth since then. Our STARZPLAY International platform has shown strong gains as well, with viewership of 20% since the pandemic began, driving international subscribers including the STARZPLAY Arabia platform and Canada passed the 5 million mark at fiscal year-end.

PANTAYA more than doubled its subscriber base from 315,000 to nearly 700,000 paid subs in the fiscal year, as it continues to deliver on its promises the premium over-the-top destination for Spanish language movies and