Wall Street Bets Big on Lionsgate’s Box Office | Analysis

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2023 is a do-or-die year for its future as an independent studio. Can its upcoming IP-rich movie slate live up to the expectations?

Lionsgate stock rises box office
Images from "John Wick: Chapter 4," "The Hunger Games: The Ballad of Songbirds and Snakes" and "Are You There God, It's Me, Margaret?" (Lionsgate)

Wall Street traders, always fickle, have a new favorite media company: Lionsgate.

Shares of the mini-major continued to climb this week after jumping 25% following stronger than expected earnings and a buoyant slate of new movies headed to theaters. The stock closed Thursday at $10.69, a big leap from the $5.46 low it recorded near the end of December. What’s odd about the jump is that it can be credited to that most antiquated of media revenue streams: theatrical moviegoing.  

With Wall Street turning its back on streaming-centric metrics like content spend and subscriber growth, a studio that can still make money the old-fashioned way, from theater tickets to VOD and licensing fees, is suddenly more valuable.