Lionsgate reported record revenues of $1.584 billion and net losses attributable to shareholders of $19.5 million yesterday, as results were released for the fiscal year ending March 31.
Revenues were up 8% year-over-year, a rise the company attributes to increases in television production revenue and new revenue of $113.6 million from TV Guide Network and TVGuide.com.
Those gains served to offset declines in the feature motion picture business, which was driven by fewer theatrical releases last year. Feature revenue for the fiscal was $1.12 billion, a drop of 9% from $1.23 billion previously. That smaller figure is a reflection of the company’s slate of 10 releases, versus 16 the year before. (Smaller, but mightier, perhaps – Lionsgate backed the critically acclaimed double Oscar-winner Precious last year, among others.)
Though the company realized a net loss attributable to shareholders of $19.5 million for fiscal 2010, that compares favorably to a loss of $178.5 million in the prior year.