What changed in this filing

/stocks — the workspaceLOADING

Item 1. Business

2024-05-30 compared with 2023-05-25 · 258 added, 295 removed, 260 unchanged (68% of the section changed)

Lionsgate (NYSE:

LGF.A, LGF.B) encompasses world-class motion picture and television studio operations aligned with the STARZ premium global subscription platform to bring a unique and varied portfolio of entertainment to consumers around the world.

Our film, television, subscription and location-based entertainment businesses are backed by an 18,000-title library and a valuable collection of iconic film and television franchises.

LGF.A, LGF.B) encompasses world-class motion picture and television studio operations aligned with the STARZ premium global subscription platform designed to bring a unique and varied portfolio of entertainment to consumers around the world.

Our film, television, subscription and location-based entertainment businesses are backed by a more than 20,000-title library and a valuable collection of iconic film and television franchises.

We manage and report our operating results through three reportable business segments:

2 unchanged sentences

Financial information for our segments is set forth in Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations, in this Annual Report.

On May 13, 2024, we consummated the business combination which resulted in the launch of Lionsgate Studios.

As of May 14, 2024, the common shares of our Studio Business trades on The Nasdaq Stock Market LLC (“Nasdaq”) under the symbol “LION.” See Business Combination below for additional information.

Studio Business

61 unchanged sentences

We take a disciplined approach to theatrical production, with the goal of producing content that can be distributed through various domestic and international platforms.

In doing so, we may mitigate the financial risk associated with production by, among other things:

• Negotiating co-financing development and co-production agreements which may provide for cost-sharing with one or more third-party companies;

In doing so, we may mitigate the financial risk associated with production by:

• Negotiating co-financing development and co-production agreements which may provide for cost-sharing with one or more third-parties;

• Pre-licensing international distribution rights on a selective basis, including through international output agreements (which license rights to distribute a film in one or more media generally for a limited term, and in one or more specific territories prior to completion of the film);

5 unchanged sentences

whereby the exhibitor retains a portion of the gross box office receipts and the balance is remitted to the distributor.

Concurrent with their release in the U.S., films are generally released in Canada and may also be released in one or more foreign countries.

Concurrent with their release in the U.S., films are generally released in Canada and in one or more foreign countries.

We construct release schedules taking into account moviegoer attendance patterns and competition from other studios' scheduled theatrical releases.

After the initial theatrical release, distributors seek to maximize revenues by releasing films in sequential release date windows, which may be exclusive against other non-theatrical distribution platforms.

After initial theatrical release, distributors seek to maximize revenues by releasing films in sequential release date windows, which may be exclusive against other non-theatrical distribution platforms.

In certain circumstances, our distribution strategy has and may continue to change, and certain films intended for theatrical release may be licensed to other platforms.

Producing, marketing and distributing films can involve significant risks and costs, and can cause our financial results to vary depending on the timing of a film’s release.

For instance, marketing costs are generally incurred before and throughout the theatrical release of a film and, to a lesser extent, other distribution windows, and are expensed as incurred.

For instance, marketing costs are generally incurred before and throughout the theatrical release of a film and are expensed as incurred.

Therefore, we typically incur losses with respect to a particular film prior to and during the film’s theatrical exhibition, and profitability for the film may not be realized until after its theatrical release window.

2 unchanged sentences

Theatrical Releases

For the fiscal year ended March 31, 2023, we released twenty (20) films theatrically in the U.S.

For the fiscal year ended March 31, 2024, we released twenty-six (26) films theatrically in the U.S.

across our labels (including our partnership with Roadside Attractions).

We also made changes to release dates as well as release strategies of several of our films by releasing solely and/or earlier on streaming platforms, initially releasing on premium video-on-demand (“PVOD”), premium electronic sell-through, or by licensing directly to streaming platforms.

In doing so, we capitalized on increased optionality in distribution and maintained a platform agnostic approach to distribution to take full advantage of new windowing opportunities and alternative distribution strategies (while also continuing to work closely with our theatrical exhibition partners).

For the fiscal year ended March 31, 2023, such titles and their release patterns included the following:

Such titles and their release patterns included the following:

Theatrical Releases

1 unchanged sentence

Release Pattern

The Unbearable Weight Of Massive Talent April 22, 2022 Theatrical and Accelerated Home Entertainment Lionsgate

Fall August 12, 2022 Theatrical and Accelerated Home Entertainment Lionsgate

Clerks III September 13, 2022 Eventized Theatrical Lionsgate

Prey for the Devil October 28, 2022 Theatrical and Accelerated Home Entertainment Lionsgate

Plane January 13, 2023 Theatrical and Premium Video-on-Demand Lionsgate

Jesus Revolution February 22, 2023 Theatrical and Accelerated Home Entertainment Lionsgate

My Happy Ending February 24, 2023 Theatrical and Accelerated Home Entertainment Lionsgate

Moving On March 17, 2023 Theatrical and Accelerated Home Entertainment Lionsgate

Operation Fortune:

Ruse de Guerre March 21, 2023 Theatrical and Premium Video-on-Demand Lionsgate

Chapter 4 March 24, 2023 Theatrical and Accelerated Home Entertainment Lionsgate

Are You There God?

It’s Me, Margaret April 28, 2023 Theatrical and Accelerated Home Entertainment Lionsgate

Sisu April 28, 2023 Theatrical and Premium Video-on-Demand Lionsgate

About My Father May 26, 2023 Theatrical and Premium Video-on-Demand Lionsgate

The Blackening June 16, 2023 Theatrical and Premium Video-on-Demand Lionsgate

Joy Ride July 7, 2023 Theatrical and Premium Video-on-Demand Lionsgate

Expend4bles September 22, 2023 Theatrical and Premium Video-on-Demand Lionsgate

Saw X September 29, 2023 Theatrical and Premium Video-on-Demand Lionsgate

The Hunger Games:

The Ballad of Songbirds & Snakes November 17, 2023 Theatrical and Premium Video-on-Demand Lionsgate

Silent Night December 1, 2023 Theatrical and Premium Video-on-Demand Lionsgate

Ordinary Angels February 23, 2024 Theatrical and Premium Video-on-Demand Lionsgate

Imaginary March 8, 2024 Theatrical and Premium Video-on-Demand Lionsgate

Arthur the King March 15, 2024 Theatrical and Premium Video-on-Demand Lionsgate

Theatrical Releases

1 unchanged sentence

Release Pattern

April 8, 2022

Theatrical and Accelerated Home Entertainment

Roadside Attractions

April 29, 2022

Theatrical and Accelerated Home Entertainment

Roadside Attractions

Theatrical and Accelerated Home Entertainment

Roadside Attractions

Theatrical and Accelerated Home Entertainment

Roadside Attractions

Theatrical and Premium Video-on-Demand

Roadside Attractions

Emily the Criminal

August 12, 2022

Theatrical and Premium Video-on-Demand

Roadside Attractions

September 2, 2022

Theatrical and Accelerated Home Entertainment

Roadside Attractions

The Good House

September 30, 2022

Theatrical and Premium Video-on-Demand

Roadside Attractions

October 28, 2022

Theatrical and Accelerated Home Entertainment

Roadside Attractions

December 9, 2022

Theatrical and Accelerated Home Entertainment

Roadside Attractions

Somewhere in Queens April 21, 2023 Theatrical and Accelerated Home Entertainment Roadside Attractions

Fool's Paradise May 15, 2023 Theatrical and Premium Video-on-Demand Roadside Attractions

The Last Rider June 23, 2023 Theatrical and Accelerated Home Entertainment Roadside Attractions

Black Ice July 14, 2023 Theatrical and Accelerated Home Entertainment Roadside Attractions

Dreamin' Wild August 4, 2023 Theatrical and Accelerated Home Entertainment Roadside Attractions

Retribution August 25, 2023 Theatrical and Premium Video-on-Demand Roadside Attractions

Camp Hideout September 15, 2023 Theatrical and Accelerated Home Entertainment Roadside Attractions

The Marsh King's Daughter November 3, 2023 Theatrical and Premium Video-on-Demand Roadside Attractions

Beyond Utopia November 3, 2023 Theatrical and Accelerated Home Entertainment Roadside Attractions

Scrambled February 2, 2024 Theatrical and Accelerated Home Entertainment Roadside Attractions

The Monk and the Gun February 9, 2024 Theatrical and Accelerated Home Entertainment Roadside Attractions

Bring Him to Me February 23, 2024 Multi-platform Theatrical and Home Entertainment Roadside Attractions

Accidental Texan March 8, 2024 Theatrical and Accelerated Home Entertainment Roadside Attractions

Asphalt City March 29, 2024 Theatrical and Accelerated Home Entertainment Roadside Attractions

We continue to evaluate release strategies of our films by releasing solely and/or earlier on streaming platforms, initially releasing on premium video-on-demand, premium electronic sell-through, or by licensing directly to streaming platforms.

In doing so, we capitalize on increased optionality in distribution and maintain a platform agnostic approach to distribution to take full advantage of new windowing opportunities and alternative distribution strategies (while also continuing to work closely with our theatrical exhibition partners).

Nominations and Awards

Lionsgate and affiliated companies (including its wholly-owned subsidiaries, Artisan Pictures, Mandate Pictures and Summit Entertainment, and Roadside Attractions, of which Lionsgate owns a 43% equity interest) have distributed films that have earned 134 Academy Award® nominations and 32 wins, as well as numerous Golden Globe Awards®, Producers Guild Awards®, Screen Actors Guild Awards®, Directors Guild Awards®, BAFTA Awards and Independent Spirit Awards nominations and wins.

Lionsgate and affiliated companies (including its wholly-owned subsidiaries, Artisan Pictures, Mandate Pictures and Summit Entertainment, and Roadside Attractions, of which Lionsgate owns a 43% equity interest) have distributed films that have earned numerous Academy Award®, Golden Globe Awards®, Producers Guild Awards®, Screen Actors Guild Awards®, Directors Guild Awards®, BAFTA Awards and Independent Spirit Awards nominations and wins.

Motion Picture - Home Entertainment

home entertainment distribution operation exploits our film and television content library of 18,000 motion picture titles and television episodes and programs, consisting of titles from, among others, Lionsgate, our subsidiaries, affiliates and joint ventures (such as STARZ, Summit Entertainment, Anchor Bay Entertainment, Artisan Entertainment, Grindstone Entertainment Group, Roadside Attractions, Trimark and Vestron), as well as titles from third parties such as A24, A&E, AMC, Entertainment Studios, Saban Entertainment, StudioCanal, Zoetrope, Gravitas, and Tyler Perry Studios.

home entertainment distribution operation exploits our extensive film and television content library of more than 20,000 motion picture titles and television episodes and programs, consisting of titles from, among others, Lionsgate, our subsidiaries, affiliates and joint ventures (such as Anchor Bay Entertainment, Artisan Entertainment, eOne, Grindstone Entertainment Group, Roadside Attractions, STARZ, Summit Entertainment, Trimark and Vestron), as well as titles from third parties such as A24, A&E, AMC, Entertainment Studios, Gravitas, Saban Entertainment, StudioCanal, STX Entertainment, Tyler Perry Studios Visiona Romantica and Zoetrope.

Home entertainment revenue consists of packaged media and digital revenue.

Packaged Media

Packaged media distribution involves the marketing, promotion, sale and/or lease of DVDs/Blu-ray/4K Ultra HD discs to wholesalers and retailers in the U.S.

and Canada who then sell or rent such discs to consumers for private viewing.

Packaged media distribution involves the marketing, promotion and/or sale of DVDs/Blu-ray/4K Ultra HD discs to wholesalers and retailers in the U.S.

Fulfillment of physical distribution services are substantially licensed to Sony Pictures Home Entertainment.

We distribute or sell content directly to retailers such as Wal-Mart, Best Buy, Target, Amazon and others who buy large volumes of our discs to sell directly to consumers.

We also directly distribute content to the rental market through Redbox, Netflix and others.

We distribute or sell content directly to retailers such as Wal-Mart, Target, Amazon and others who buy large volumes of our discs to sell directly to consumers.

Digital Media

2 unchanged sentences

We also directly distribute content on a linear distribution basis (i.e., whereby the programmer controls the timing of playback) through various linear pay, basic cable, and free, over-the-air television platforms worldwide.

Transactional video-on-demand services to which we license our content include, among others, Prime Video, Apple TV, Fandango at Home, YouTube, Google TV, Comcast Xfinity and Microsoft Movies & TV;

SVOD services to which we license our content include, among others, Netflix, Hulu, Amazon’s Prime Video, Peacock, Paramount+ and Max;

ad-supported video-on-demand services to which we license our content include, among others, The Roku Channel, Tubi TV, YouTube, Freevee, Samsung and Pluto;

and linear networks to which we distribute our content include, among others, pay television networks such as STARZ, EPIX, HBO and Showtime, and basic cable network groups such as NBCUniversal Cable Entertainment, Paramount Global Domestic Media Networks, Disney Media & Entertainment Distribution Networks, Warner Media Entertainment Networks, A+E Networks and AMC Networks, as well as Bounce, Telemundo and UniMás.

ad-supported video-on-demand services to which we license our content include, among others, The Roku Channel, Tubi TV, YouTube, Samsung and Pluto;

and linear networks to which we distribute our content include, among others, pay television networks such as STARZ, EPIX, HBO and Showtime, and basic cable network groups such as NBCUniversal Cable Entertainment, Paramount Global Domestic Media Networks, Disney Media & Entertainment Distribution Networks, Warner Media Entertainment Networks and AMC Networks, as well as Bounce, Telemundo and UniMás.

Additionally, we own and operate a suite of 13 multi-content and single series FAST channels carried by various platforms including, among others, Samsung, The Roku Channel and Pluto.

Motion Picture - Television

8 unchanged sentences

• Direct distribution of theatrical and/or ancillary rights licensing.

We license rights in all media on a territory-by-territory basis (other than the territories where we self-distribute) of (i) our in-house Lionsgate and Summit Entertainment feature film product, and (ii) films produced by third parties such as Silver Reel, Buzzfeed, Ace Entertainment and other independent producers.

Films licensed and/or released by us internationally in fiscal 2023 included such in-house productions as John Wick:

Chapter Four, Unbearable Weight of Massive Talent , Prey For the Devil , Bagman , Dirty Dancing , Mindcage , Motherland , Alice Darling , Ballad of Songbirds and Snakes , One Ranger , Untitled Saw, Float , Puppy Love , Love in Taipei , The Blackening , Imaginary and Miller’s Girl .

Third party films for which we were engaged as exclusive sales agent and/or released by us internationally in fiscal 2023 included Paradise Highwa y.

Through our territory-by-territory sales and output arrangements, we generally cover a substantial portion of the production budget or acquisition cost of new theatrical releases which we license and distribute internationally.

Our output agreements for Lionsgate and Summit feature films currently cover Scandinavia and France.

These output agreements generally include all rights for all media (including home entertainment and television rights).

We also distribute theatrical titles in Latin America through our partnership with International Distribution Company, as well as theatrical rights in Canada through our prior partnership with Mongrel Media and our new distribution arrangement with Cineplex.

We also self-distribute motion pictures in the United Kingdom and Ireland through Lions Gate International UK (“Lionsgate UK”).

Lionsgate UK has established a reputation in the United Kingdom as a leading producer, distributor and acquirer of commercially successful and critically acclaimed product.

Following the closures and gradual re-opening of theatres during fiscal years 2021 and 2022 as a result of the COVID-19 global pandemic, we were able to release more titles theatrically through Lionsgate UK in fiscal 2023 than in such previous years, including the following:

Title Theatrical Release Date

The Unbearable Weight of Massive Talent April 22, 2022

Good Luck To You Leo Grande June 17, 2022

Clerks III September 15, 2022

Prey For The Devil October 28, 2022

Triangle of Sadness October 28, 2022

Living November 4, 2022

Alice, Darling January 20, 2023

Plane January 27, 2023

Chapter 4 March 24, 2023

We license rights in all media on a territory-by-territory basis (other than the territories where we self-distribute) of (i) our in-house feature film product, and (ii) films produced by third parties such as Ace Entertainment, Buzzfeed, Fifth Season, Asbury Park Pictures and Endurance Media.

Films licensed and/or released by us internationally in fiscal 2024, included such in-house productions as The Hunger Games:

The Ballad of Songbirds & Snakes , Are You There God?

It’s Me Margaret , About My Father , Joy Ride , Saw X , Highlander , Now You See Me 3 , Michael , Imaginary , Never Let Go (f/k/a Motherland) and Miller’s Girl , as well as films produced by third parties such as Flight Risk , Anniversary , Ordinary Angels , Unsung Hero , The Blackening , The Strangers Trilogy , One Ranger , Float , Puppy Love , Love in Taipei and Love at First Sight .

Third-party films for which we were engaged as exclusive sales agent and/or released by us internationally in fiscal 2024 included Bone Yard and The Fabulous Four .

Through our territory-by-territory sales and an output arrangement in France (for all rights for all media, including home entertainment and television rights), we generally cover a substantial portion of the production budget or acquisition cost of new theatrical releases which we license and distribute internationally.

We also distribute theatrical titles in Latin America through International Distribution Company, and theatrical rights in Canada through Cineplex Pictures.

We also self-distribute motion pictures in the United Kingdom and Ireland through our subsidiary, Lions Gate International (UK) Limited (“Lionsgate UK”).

For the fiscal year ended March 31, 2024, Lionsgate UK released the following theatrical titles:

Title Release Date

Are You There God?

It’s Me, Margaret May 19, 2023

Joy Ride August 4, 2023

Cobweb September 1, 2023

Expend4bles September 22, 2023

Saw X September 29, 2023

The Miracle Club October 13, 2023

Anatomy of a Fall November 10, 2023

The Hunger Games:

The Ballad of Songbirds & Snakes November 17, 2023

The Iron Claw February 9, 2024

Imaginary March 8, 2024

Additionally, our office in India manages operations and growth opportunities in the South Asian/Indian sub-continent.

Through our local office in Mumbai, we manage the following activities:

• License our feature films, television series, library content to local linear and digital platforms;

• Appoint and work closely with theatrical distribution partners to maximize box office for our films;

• Partner with local production companies, as well as develop in-house, Indian local language television series and feature films for distribution across other media platforms;

• Continue to expand our STARZ’s offering in the region and across emerging Asian markets (branded as Lionsgate Play), through our direct-to-consumer launch and in collaboration with telco and broadband partners, Amazon and Apple TV;

• Offer STARZ in the region and across emerging Asian markets, through our direct-to-consumer product and in collaboration with telco and broadband partners, Amazon and Apple TV;

• Explore investment opportunities throughout the South Asian and South East Asian media market.

1 unchanged sentence

Global Products and Experiences

Our Global Products and Experiences division drives incremental revenue and builds consumer engagement across our entire portfolio of properties via licensing and launching live shows and experiences, location-based entertainment destinations, games, physical and digital merchandise, and through select strategic partnerships and investment s.

Our Global Products and Experiences division drives incremental revenue and builds consumer engagement across our entire portfolio of properties via live shows and experiences, location-based entertainment destinations, games, physical and digital merchandise, and select strategic partnerships and investments .

Within the division, our Global Live Entertainment business focuses on licensing, developing, and producing live stage shows, concerts, and live immersive experiences and events based on our theatrical and television content.

We have announced multiple live entertainment projects, including Wonder , Nashville and La La Land for Broadway, as well as a live dance show inspired by our Step Up film franchise in partnership with Channing Tatum and Free Association.

Our Interactive Entertainment business focuses on growing a slate that includes games across PC/console, mobile, virtual reality and more, both through stand-alone games based solely on our content and the integration of our properties with marquee games such as Call of Duty , Dead By Daylight and Evil Dead:

The Game , as well as Web3 projects, including the SANDBOX.

We have announced multiple live entertainment projects, including Wonder , Nashville and La La Land for Broadway, The Hunger Games for London, as well as a live dance show inspired by our Step-Up film franchise.

Live to film concerts currently touring globally include La La Land , Dirty Dancing and Twilight .

Our Location Based Entertainment business licenses and produces our Lionsgate, theatrical, and television brands for theme parks, destinations, and stand-alone attractions and experiences.

In January 2022, we opened an expansion of the Lionsgate zone at Motiongate Dubai featuring new John Wick and Now You See Me attractions, and in February 2023, we opened Saw:

The Experience in London.

Our Consumer Products business licenses and develops products around our leading film and television properties, including John Wick , The Hunger Games , Twilight , Saw and Mad Men .

In July 2022, we signed an agreement with IMG for global consumer products representation.

Our merchandise is available in the Lionsgate Store, our official ecommerce shop, and at many well- known retail outlets such as Hot Topic and Target.

We are developing new offerings across a broad range of categories with best in class licensees, including American Classics, Ripple Junction, Goodie Two-Sleeves, Hot Toys, Funko and more.

Attractions based on The Hunger Games , John Wick , Now You See Me , SAW and other of our intellectual property can be found at theme parks and destinations in the United States, United Kingdom, and the Middle East, including the John Wick Experience opening in Las Vegas later in 2024.

We have also partnered with Six Flags to open SAW themed haunted houses across multiple Six Flags theme parks during the Halloween season.

Our Consumer Products business licenses and develops products around our leading film and television properties, including John Wick , The Hunger Games , Twilight , Dirty Dancing, Saw and Ghosts .

Our merchandise is available in the

Lionsgate Shop, our official e-commerce shop, and at many well- known retail outlets such as Hot Topic, Walmart and Target.

We are developing new offerings across a broad range of categories with best-in-class licensees, including LEGO, American Classics, Ripple Junction, Goodie Two-Sleeves, Hot Toys, Funko and more.

We manage music for our theatrical and television slates, including overseeing songs, scores and soundtracks for all of our theatrical productions, co-productions and acquisitions, as well as music staffing, scores and soundtracks for all of our television productions.

11 unchanged sentences

In addition, television programming is sold on home entertainment (packaged media and via digital delivery) and across all other applicable ancillary revenue streams including music publishing, touring and integration.

As with film production, we use tax credits, subsidies, and other incentive programs for television production in order to maximize our returns and ensure fiscally responsible production models.

Similar to our film production practices, we leverage tax credits, subsidies, and other incentive programs to optimize our returns and maintain financially prudent production models for television content.

Television Production - Television

Lionsgate Television

We currently produce, syndicate and distribute nearly 80 television shows on more than 35 networks (including programming produced by Pilgrim Media Group, of which we own a majority interest).

For the fiscal year ended March 31, 2023, scripted and unscripted programming produced, co-produced or distributed by us and our affiliated entities (see Starz Original Programming below for original programming that appears on our STARZ services), as well as programming syndicated by our wholly-owned subsidiary, Debmar-Mercury, included the following:

Fiscal 2023 Fiscal 2023

Scripted - Lionsgate Unscripted - Lionsgate

Title Network Title Network

Acapulco Apple 1619 Hulu

Black Mafia Family STARZ Derbez Family Vacation Pantaya

Blindspotting STARZ Hip Hop Homicides WE TV

Dangerous Liaisons STARZ House of Ho Max

Ghosts CBS Selling Sunset Netflix

Heels STARZ Selling the OC Netflix

Hightown STARZ

Home Economics ABC

Love & Death Max

Mythic Quest Apple

Party Down STARZ

Goldman Peacock

We currently produce, syndicate and distribute 100 television shows on more than 50 networks.

For the fiscal year ended March 31, 2024, scripted and unscripted programming produced, co-produced or distributed by us and our affiliated entities (not including executive produced series by 3 Arts Entertainment, of which we own a majority interest), as well as programming syndicated by our wholly-owned subsidiary, Debmar-Mercury, included the following:

Scripted – Lionsgate

Black Mafia Family

The Continental

Peacock / Amazon

Extended Family

Power Book II:

Power Book III:

Raising Kanan STARZ

Power Book IV:

P-Valley STARZ

Run the World STARZ

Serpent Queen STARZ

The First Lady Showtime

We Thought We Were Done NBC

Welcome to Flatch Fox

Fiscal 2023 Fiscal 2023

Unscripted - Pilgrim Media Group Syndication - Debmar-Mercury

Title Network Title

Fox Nation - Jussie Smollet Fox Nation Family Feud

Ghost Hunters 3.0 Discovery Nick Cannon

Hoffman Family Gold Discovery Schitt's Creek

Horse for Dogs Animal Planet Sherri Shepherd

My Big Fat Fabulous Life TLC Wendy Williams

Renovation Impossible Discovery

Road to the Title TBS

Steve Austin A&E

Street Outlaws Discovery

Street Outlaws:

America's List Discovery

Street Outlaws:

Endgame Discovery

Street Outlaws:

Farm Truck & AZN Discovery

Street Outlaws:

Fastest in America Discovery

Street Outlaws:

Gone Girl Discovery

Street Outlaws:

No Prep Kings Grudge Night Discovery

The Ultimate Fighter ESPN+

UFO Live Discovery

Wicked Tuna Nat Geo

Wicked Tuna Outer Banks Nat Geo

Zombie Flippers A&E

Hoffman Family Gold Fox Nation

Raising Kanan

Serpent Queen

The Venery of Samantha Bird

Scripted – eOne

A Gentleman in Moscow

The Spencer Sisters

Yellowjackets

Unscripted – Lionsgate Alternative Television*

Adam Richman Eats Britain

All Creatures Great and Small Meets The Yorkshire Vet

Animal Care Club

At Home with the Greens

Investigation Discovery

Behind the Music

Bob Menendez Documentary

Brat Loves Judy

Brat Loves Judy:

The Baby Special

Britain's Islands:

Isle of Wight

Buried in the Backyard

Celebrity Ex On The Beach

Cruising with Susan Calman

Derbez Family Vacation

Investigation Discovery

Disappeared - Bradley Sisters Podcast

Investigation Discovery

Disappeared Special - Bradley Sisters

Investigation Discovery

Fletcher's Family Farm

Fletcher's Family Farm at Christmas

Good Cop, Bad Cop

Investigation Discovery

Harvest on the Farm

Hoffman Family Gold

How to Not Get Rid of a Body

Investigation Discovery

Icons that Changed America

Lincoln Log Masters

Lost U-Boats of WWII

Married to the Game

My Big Fat Fab Life

Naked and Afraid

Naked and Afraid XL

Naked and Afraid:

Last One Standing

Road to the Title

Royal Rules of Ohio

Secrets of the Christmas Factory

Seduced to Slay

Investigation Discovery

Selling Sunset

Selling the OC

The Viking Isles

Street Outlaws Australia

Street Outlaws Mega Cash Days

Street Outlaws New Orleans

Susan Calman:

Tales of the City

The Barnes Bunch

The Canary Islands with Jane McDonald

The Love Experiment

The Murder Tapes

Investigation Discovery

The Ultimate Fighter

The Yorkshire Vet

Toya & Reginae

Where is Wendy Williams?

National Geographic

Zombie House Flippers

Syndication – Debmar-Mercury

People Puzzler

Sherri Shepherd

* Lionsgate Alternative Television includes programming produced by Pilgrim Media Group (of which we own a majority interest), as well as by our wholly-owned subsidiaries, eOne’s U.S.

non-scripted group, Blackfin, Renegade and Daisybeck Studios (acquired in December 2023).

Starz Original Programming

1 unchanged sentence

Television Production- International

We continue to expand our television business through international sales and distribution of original Lionsgate television series, Starz original programming, third party television programming and format acquisitions via packaged media and various digital platforms.

Lionsgate UK also continues to build a robust television business alongside its premier film brand through its various joint ventures and investments.

For the fiscal year ended March 31, 2023, Lionsgate UK television programming that was acquired, began production, continued production after delays due to the COVID-19 global pandemic, was produced or was broadcast, included the following:

We license, sale and distribute original Lionsgate television series (including Lionsgate UK television programming), Starz original programming, third party television programming and format acquisitions to international markets via packaged media

and various digital platforms.

For the fiscal year ended March 31, 2024, Lionsgate UK television programming that was acquired, began production, was produced or was broadcast, included the following:

Television - Lionsgate UK

Title Network Partner(s)

The Pact Series 2 BBC Little Door

Motherland 2022 Christmas Special BBC BBC, Merman

Northern Lights TG4 Deadpan

Son of a Critch 2 CBC Project 10

Leopard Skin Peacock Skinny Leopard

Wong & Winchester Rogers & Québecor Pixcom International

Workin’ Moms Netflix & CBC Coldsprings Media,

Wolf + Rabbit Entertainment

The Cleaner Sky NZ Endeavour Ventures

Northern Lights TG4 Deadpan Pictures

Son of Critch 3 CBC & CW Project 10

Borderline ZDF & Roku Further South Productions and ShinAwil

The Burnings Girls Paramount+ and Roku Buccaneer Media

The Final Score Netflix Dynamo

The Cleaner Sky NZ Endevour Ventures

Prosper Stan Lingo Pictures

Population 11 Stan Jungle Entertainment

Pistol FX/Hulu and Disney+ Wiip

Endangered M-Net MOTD Entertainment

Television Production - Home Entertainment

7 unchanged sentences

We sell our services on a direct-to-consumer basis and through various distributors, including OTT providers (such as Amazon, Apple, Google and Hulu) and MVPDs (such as Comcast, Charter, DIRECTV and DISH Network).

Our flagship premium service STARZ had 20.3 million subscribers as of March 31, 2023 (not including subscribers who receive programming free as part of a promotional offer).

STARZ offers premium original series and recently released and library movies without advertisements.

Our flagship premium service STARZ had 21.8 million subscribers as of March 31, 2024 (total North America not including subscribers who receive programming free as part of a promotional offer).

STARZ offers premium original series and recently released library movies without advertisements.

Our other services, STARZ ENCORE and MOVIEPLEX, offer theatrical and independent library movies as well as original and classic television series also without advertisements.

5 unchanged sentences

Designed to complement any television offering for general audiences across both wholesale and retail OTT, as well as traditional MVPD distribution platforms, STARZ is a best-in-class subscription service delivering premium original series and hit movies with appeal to women and diverse audiences worldwide.

We are focused on developing and distributing authentic and engaging programming that resonates with women, African American, Latinx and LGBTQIA audiences, all of which have been traditionally underserved in the premium television space.

We are focused on developing and distributing authentic and engaging original programming that resonates with audiences that have been traditionally underrepresented in the premium television space.

Across our digital platforms, the STARZ app provides an alternative for subscribers looking for a competitively priced option.

Subscribers have access to a vast library of quality content and a top-rated user experience, along with the ability to download and watch STARZ original series, blockbuster theatricals and favorite classic TV series and movies without an internet connection.

We believe this strategy, combined with a proven management team, will ensure Starz Networks’ services remain a “must have” for subscribers and a meaningful profit center for our distributors.

2 unchanged sentences

We earn revenue under these agreements either (i) based on amounts or rates tied to the total number of subscribers who receive our services or (ii) based on amounts or rates which are not tied solely to the total number of subscribers who receive our services.

Our affiliation agreements expire at various dates into 2027.

Our affiliation agreements expire at various dates through 2027.

We work with our distributors to increase the number of subscribers to our services.

15 unchanged sentences

STARZ also has brought audiences groundbreaking new series including “P-Valley,” “BMF,” and “The Serpent Queen,” among many others.

STARZ is dedicated to bringing its audiences new content throughout the year with approximately 100 new episodes on its slate each year.

Starz Networks contracts with Lionsgate’s Television Production segment and other independent studios and production companies to produce original programming that appears on our Starz services.

Starz’s fiscal 2023 STARZ Originals line-up was as follows:

Gaslit Season 1

P-Valley Season 2

Becoming Elizabeth Season 1

Who Is Ghislaine Maxwell (limited series)

Power Book III:

Raising Kanan Season 2

Serpent Queen Season 1

Step Up Season 3

The BMF Documentary:

Blowing Money Fast

Dangerous Liaisons Season 1

Party Down Season 3

Power Book II:

Ghost Season 3

Total Episodes:

In fiscal 2024, STARZ premiered a strong lineup of original programming for women and underrepresented audiences including the highly-anticipated return of the time travel, fantasy series “Outlander” (Season 7), a new season of the gripping crime drama “BMF” (Season 3) and installments of the juggernaut “Power” cinematic universe, “Power Book III:

Raising Kanan” (Season 3) and “Power Book IV:

Force” (Season 2), among several other series and season premieres.

These original programming premieres, coupled with an increased volume of theatrical output titles drove subscription and engagement with key cohorts.

Output and Content License Agreements

6 unchanged sentences

The Universal agreement provides Starz with rights to exhibit these films immediately following their pay-one windows.

In addition, we continue to exhibit films under our exclusive Sony output agreement, which covers qualifying movies released theatrically in the U.S.

by certain Sony labels through December 31, 2021.

Under these agreements, Starz has valuable exclusive rights to air these new movies on linear television services, on-demand or online during two separate windows, with at least one year between the first and second windows.

Generally, except on a VOD or pay-per-view basis, no other linear service, online streaming or other video service may air or stream these recent releases during Starz’s windows.

Under these agreements, Starz has valuable exclusive rights to air these new movies on linear television services, on-demand or online during specific windows.

Generally, except on a transactional on-demand or pay-per-view basis, no other linear service, online streaming or other video service may air or stream these recent releases during Starz’s windows.

Starz also licenses first-run independent feature films acquired through U.S.

5 unchanged sentences

Studio Studio

Lionsgate Paramount

Sony Warner Bros

Universal Twentieth Century Fox

Sony Pictures

Lionsgate Lionsgate

Universal Universal

Twentieth Century Fox

Our output agreements generally require us to pay for movies at rates calculated on a pricing grid that is based on each film’s domestic box office performance (subject to maximum amounts payable per movie and a cap on the number of movies that can be put to Starz each year).

2 unchanged sentences

These satellites feed our signals to various swaths of the Americas.

We lease these transponders under recently renewed multi-year agreements.

We currently transmit to these satellites from our uplink center in Englewood, Colorado, but will be moving our primary uplink facilities from the Englewood location and outsourcing them to a third party starting in the fall of 2023.

We lease these transponders under multi-year agreements.

We currently transmit to these satellites from our primary uplink facilities, which are provided by a third-party vendor.

We have made arrangements at a vendor’s facility to uplink our linear channels to these satellites in the event we are unable to do so from our primary uplink facilities.

1 unchanged sentence

In the U.S., the Federal Communications Commission (the “FCC”) regulates several aspects of our and our distribution ecosystem’s operations and programming.

This includes FCC oversight in connection with communications satellites and related uplink/downlink equipment and transmissions, content-specific requirements such as closed captioning, messaging during children’s programming, loudness of commercials, and program access requirements in connection with certain distributors and programmer services with shared attributable interests.

This includes FCC oversight in connection with communications satellites and related uplink/downlink equipment and transmissions, content-specific requirements such as closed captioning, loudness of commercials, and program access requirements in connection with certain distributors and programmer services with shared attributable interests.

The regulation of programming services, cable television systems, direct broadcast satellite providers, broadcast television licensees and online services is subject to the political process and has been in constant flux historically.

1 unchanged sentence

Further material changes in the law and regulatory requirements that affect our business must be anticipated and there can be no assurance that we will not be materially adversely affected by future legislation, new regulation or deregulation.

Media Networks - LIONSGATE+ - International

Starz is available in nearly 50 countries outside the U.S.

through our four (4) international branded services:

LIONSGATE+ in the UK, Ireland, Latin America and Australia;

STARZ in Canada;

Media Networks - International

Starz is available outside the U.S.

through STARZ in Canada;

LIONSGATE PLAY in India;

and through our STARZPLAY Arabia joint venture in the Middle East and North Africa.

We offer our branded services on a direct-to-consumer basis and through various distributors, including OTT providers (such as Amazon and Claro) as well as local internet protocol television (“IPTV”), cable and satellite companies (such as Airtel, Izzi, DISH Mexico and Sky Brasil).

Across these services, Starz had 10.0 million subscribers as of March 31, 2023 (including OTT subscribers totaling 0.6 million in the international territories still to be exited).

The remainder of this section addresses the offerings operated by LIONSGATE+ in the UK, Ireland, Latin America and Australia.

International Strategy

LIONSGATE+ is quickly growing its distribution by strategically positioning itself as a complementary pure-play premium content service offered at a competitive subscription price, made available through a diverse ecosystem of wholesale and retail distribution partners.

Premium content that targets all adults is the foundation of our international content strategy.

We believe this allows us to operate as a complementary service, not a direct competitor, with other higher priced, broad-based video services.

LIONSGATE+ provides subscribers with access to STARZ original series, often airing day-and-date with the U.S., a rich and diverse library of television series, feature films and documentaries from Lionsgate and other studios, and first-run, exclusive third-party programming, including locally produced television shows that align with the STARZ brand – LIONSGATE+ Originals.

All content available on LIONSGATE+ is available with sub-titles and/or local language dubbing for each country.

Our distribution strategy is led with a wholesale model and supplemented through direct OTT retail sales.

We expect to launch with additional wholesale and retail partners in the coming years.

Affiliation Agreements

Our services are distributed pursuant to affiliation agreements with our distributors under a wholesale license, where LIONSGATE+ is sold as an a la carte channel or bundled within our distributors’ platforms, including Amazon and Apple, as well as local IPTV, cable, satellite and telco partners.

Our wholesale distributors manage the technology and infrastructure associated with the exhibition of LIONSGATE+ in exchange for recurring license fees.

Our affiliation agreements expire at various dates through 2026.

We work with distributors to increase the number of subscribers to our services.

To accomplish this, we may help fund the distributors’ efforts to market these services or may permit distributors to offer limited promotional periods with discounted or no payment of subscriber fees.

We believe these efforts enhance our relationship with distributors, improve the awareness of our services and ultimately increase subscribers and revenue over the term of these affiliation agreements.

Distributors report the number of subscribers to our services and pay for services, generally, on a monthly basis.

The agreements are structured on a country-by-country basis, to be multi-year agreements with staggered expiration dates across our distributors.

LIONSGATE+ App

To enhance our subscriber reach, we modified our domestic (U.S.) STARZ retail app for deployment internationally to include, among other new features, full European Union General Data Protection Regulation compliance, support for local languages, multiple audio/closed captioning options and a variety of potential carrier/billing integrations.

The LIONSGATE+ app is the single destination for direct OTT subscribers to stream on-demand or download our original series and movie content.

The LIONSGATE+ app:

• Is currently available in twenty-one (21) countries across Europe and Latin America, including the UK, Mexico, Brazil, and Argentina;

• Is offered directly via the LIONSGATE+ website or via retail storefronts such as the Apple Store, Play Store, Roku Channels, LG, Samsung and Amazon Fire;

• Includes a language toggle allowing users to select their preferred language for viewing;

• Offers instant access to approximately 1,000 selections each month (including original series and commercial free movies);

• Is available for purchase as a standalone OTT service for a recurring monthly fee.

LIONSGATE+ Programming

LIONSGATE+ programming is driven by the slate of STARZ Original Series and is supplemented with high-quality, bold premium original series that have proven success in the U.S.

on other platforms such as “Dr.

Death” and “The Great.” Additionally, LIONSGATE+ delivers local language scripted original series to its audiences in Latin America including Brazil.

LIONSGATE+’s fiscal 2023 first-run original programming included:

Tokyo Vice Season 1

P-Valley Season 2

The Girl from Plainville (limited series)

Power Book III:

Raising Kanan Season 2

Serpent Queen Season 1

Gangs of London Season 2

Express Season 2

Power Book II:

Ghost Season 3

Nacho Season 1

Significant multi-country library programming agreements include those with Paramount, Sony, Universal and Lionsgate.

Regulatory Matters

Distribution of our programming services in non-U.S.

jurisdictions may be subject to the laws of the jurisdictions in which they operate.

The applicability and enforcement of laws in some non-U.S.

jurisdictions can be inconsistent and unpredictable.

As a result, our ability to generate revenue and our expenses in non-U.S.

jurisdictions could be impacted.

There may be further material changes in the law and regulatory requirements in the future.

Beginning in fiscal 2023, during the second quarter ended September 30, 2022, due to adverse macro and microeconomic conditions, including the competitive environment, continued inflationary trends and recessionary economies worldwide and its impact on the Company’s profitability, we made the strategic decision to wind down our international LIONSGATE+ branded service.

We expect the wind down to be completed during the first quarter of fiscal 2025.

Business Combination

On May 13, 2024, SEAC II Corp., a Cayman Islands exempted company (“New SEAC”), consummated a business combination among New SEAC, Screaming Eagle Acquisition Corp., a Cayman Islands exempted company and then parent of New SEAC (“SEAC”), and LG Orion Holdings ULC, a British Columbia unlimited liability company (“StudioCo”) and a wholly-owned subsidiary of the Company, pursuant to a Business Combination Agreement, dated as of December 22, 2023, by and among New SEAC, SEAC, the Company, LG Sirius Holdings ULC, a British Columbia unlimited liability company and a wholly-owned subsidiary of the Company (“Studio HoldCo”), StudioCo, SEAC MergerCo, a Cayman Islands exempted company and a wholly-owned subsidiary of New SEAC (“MergerCo”), and 1455941 B.C.

Unlimited Liability Company, a British Columbia unlimited liability company and a wholly-owned subsidiary of SEAC (“New BC Sub”).

In connection with the closing of the business combination, SEAC II Corp.

changed its name to “Lionsgate Studios Corp.” (referred to as “Lionsgate Studios”).

Lionsgate Studios has continued the existing business operations of StudioCo, which consists of the Studio Business of Lionsgate.

Lionsgate Studios became a separate publicly traded company and its common shares commenced trading on Nasdaq under the symbol “LION” on May 14, 2024.

The "Studio Business" consists of the businesses of Lionsgate's Motion Picture and Television Production segments, together with substantially all of Lionsgate's corporate general and administrative functions and costs.

In connection with the business combination, the Company and StudioCo entered into a separation agreement pursuant to which (i) the assets and liabilities of the Company’s Studio Business (including certain subsidiaries of the Company engaged in the Studio Business) were separated from the assets and liabilities of the Company’s Starz Business (meaning substantially all of the assets and liabilities constituting the Media Networks segment, and including certain subsidiaries of the Company engaged in the Company’s Starz Business) and transferred to StudioCo such that StudioCo holds, directly or indirectly, all of the assets and liabilities of the Studio Business, and (ii) all of the Company’s equity interests in StudioCo were transferred to Studio HoldCo.

As a result, approximately 87.2% of the total shares of Lionsgate Studios continue to be held by the Company, while former SEAC public shareholders and founders and common equity financing investors own approximately 12.8% of Lionsgate Studios.

In addition to establishing Lionsgate Studios as a standalone publicly-traded entity, the transaction resulted in approximately $350.0 million of gross proceeds to the Company, including $274.3 million in PIPE financing.

Of the total gross proceeds, approximately $330.0 million was received at or shortly after the closing of the Business Combination, with the remaining $20.0 million expected to be received shortly.

The Business Combination will be accounted for as a reverse recapitalization in accordance with U.S.

Under this method of accounting, Screaming Eagle will be treated as the acquired company and the Studio Business will be treated as the acquirer for financial reporting purposes.

Accordingly, for accounting purposes, the financial statements of New SEAC will represent a continuation of the financial statements of the Studio Business, with the Business Combination treated as the equivalent of the Studio Business issuing stock for the historical net assets of Screaming Eagle, accompanied by a recapitalization.

The net assets of Screaming Eagle will be stated at fair value, which approximates historical cost, with no goodwill or other intangible assets recorded.

Operations prior to the Business Combination will be those of the Studio Business.

The Studio Business will continue to be a consolidated subsidiary of the Company.

JOINT VENTURES, PARTNERSHIPS AND OWNERSHIP INTERESTS

Our joint ventures, partnerships and ownership interests support our strategy of being a multiplatform global industry leader in entertainment.

(For a list of certain of our equity method investees and redeemable noncontrolling interests, See Note 5 and Note 11 to our Audited Consolidated Financial Statements).

We regularly evaluate our existing properties, libraries and other assets and businesses in order to determine whether they continue to enhance our competitive position in the industry, have the potential to generate significant long-term returns, represent an optimal use of our capital, and are aligned with our goals.

We actively assess our portfolio of properties, libraries, and assets to ensure they continue to enhance our competitive position in the industry, offer potential for significant long-term returns, optimize the use of our capital, and are aligned with our goals.

When appropriate, we discuss potential strategic transactions with third parties for purchase of our properties, libraries or other assets or businesses that factor into these evaluations.

As a result, we may, from time to time, determine to sell individual properties, libraries or other assets or businesses or enter into additional joint ventures, strategic transactions and similar arrangements for individual properties, libraries or other assets or businesses.

For specific details regarding our equity method investees and redeemable noncontrolling interests, please refer to Note 5 and Note 11 in our Audited Consolidated Financial Statements.

Intellectual Property

1 unchanged sentence

We believe that ownership of, and/or the right to use, such trademarks, service marks, copyrights, domain names and similar intellectual property is an important factor in our businesses and that our success depends, in part, on such ownership.

Motion picture and television piracy is extensive in many parts of the world, including South America, Asia and certain Eastern European countries, and is made easier by technological advances and the conversion of content into digital formats.

This trend facilitates the creation, transmission and sharing of high quality unauthorized copies of content on packaged media and through digital formats.

The proliferation of unauthorized copies of these products has had and will likely continue to have an adverse effect on our business, because these products may reduce the revenue we receive from our products.

Our ability to protect and enforce our intellectual property rights is subject to certain risks and, from time to time, we encounter disputes over rights and obligations concerning intellectual property.

We cannot provide assurance that we will prevail in any intellectual property disputes.

The prevalence of motion picture and television piracy is widespread across various regions globally, notably in South America, Asia, and specific Eastern European countries.

This is exacerbated by technological advancements and the digital transformation of content, facilitating the unauthorized creation, distribution, and sharing of high-quality copies through physical media and digital platforms.

The proliferation of these unauthorized copies has had and will likely continue to have an adverse effect on our business, because these products may reduce the revenue we receive from our products.

Our ability to safeguard and enforce our intellectual property rights is subject to inherent risks, and we occasionally face disputes concerning rights and obligations related to intellectual property.

We cannot guarantee success in all intellectual property disputes that may arise.

Competitive Conditions

Our businesses operate in highly competitive markets.

We compete with companies within the entertainment and media business and from alternative forms of leisure entertainment, such as travel, sporting events, outdoor recreation and other cultural related activities.

We compete with the major studios, numerous independent motion picture and television production companies, television networks, pay television services and digital media platforms for the acquisition of literary, film and television properties, the services of performing artists, directors, producers and other creative and technical personnel and production financing, all of which are essential to the success of our businesses.

We compete with the major studios, numerous independent film and television production companies, television networks, pay television services and digital media platforms for the acquisition of literary, film and television properties, the services of performing artists, directors, producers and other creative and technical personnel and production financing, all of which are essential to the success of our businesses.

In addition, our motion pictures compete for audience acceptance and exhibition outlets with motion pictures produced and distributed by other companies.

Likewise, our television product faces significant competition from independent distributors as well as major studios.

Moreover, our networks compete with other programming networks for viewing and subscribership by each distributor’s customer base, as well as for carriage by such distributors.

Similarly, our television product faces significant competition from independent distributors as well as major studios.

Moreover, our networks compete with other programming networks for viewing and subscribership among each distributor’s customer base, as well as for carriage by such distributors.

As a result, the success of any of our motion picture, television or media networks business is dependent not only on the quality and acceptance of a particular film or program, but also on the quality and acceptance of other competing content released into the marketplace at or near the same time as well as on the ability to license and produce content for the networks that is adequate in quantity and quality and will generate satisfactory subscriber levels.

3 unchanged sentences

Diversity, Equity and Inclusion

We believe that embracing diversity, promoting a culture of inclusivity and accelerating the representation of women and historically excluded groups in our workforce is crucial to our success.

Our Chief Diversity Officer partners with our leadership team across all of our businesses to effect changes in recruitment, hiring, promotions, policies and culture, and to orchestrate our Company-wide response to issues of inequality and workforce disparity.

We also maintain the following recruitment and hiring initiatives:

• Internship Programs:

We maintain an internship program designed to increase inclusion across the entertainment industry.

• Targeted Recruitment:

We maintain recruitment efforts that include collaborating with diverse partner organizations, college campus diversity organizations for underrepresented groups, as well as historically black colleges in our search for new employees and interns.

• Inclusive Hiring Process:

We implement inclusive hiring practices to ensure that we are attracting the best talent in the industry through an equitable, inclusive, and accessible approach.

Key components of the framework

include bias free job descriptions, inclusive hiring training, external diversity partners, diverse candidate slates, and diverse, cross-functional interview panels.

• Supplier Diversity and Inclusion Program:

The mission of our Supplier Diversity and Inclusion Program is to actively establish relationships with diverse businesses and to continuously strive to increase spend with diverse suppliers, while delivering more competitive pricing, quality, service, innovation and creativity in procurement of services.

We are committed to embracing diversity, fostering an inclusive culture, and advancing the representation of women and historically marginalized groups within our workforce.

Our Chief Diversity Officer collaborates closely with our leadership team across all sectors of our organization to drive meaningful change in recruitment, hiring practices, promotions, policies, and overall corporate culture.

Together, we strive to address issues of inequality and workforce disparity on a company-wide scale.

We maintain the following recruitment and hiring initiatives:

• Internship Programs designed to increase inclusion across the entertainment industry.

All internship positions are posted publicly for equal access/opportunity and are filled on a rolling basis.

• Targeted Recruitment efforts involving partnerships with diverse organizations, engagement with college campus diversity groups representing underrepresented demographics, and collaboration with historically black colleges to attract new employees and interns.

• Hiring Practices ensuring that we attract top-tier talent through fair and accessible methods.

Key elements of this approach include bias free job descriptions, inclusive hiring training, external diversity partners, diverse candidate slates, and diverse, cross-functional interview panels.

The core principle of our hiring process is to seek out the

strongest candidate for every role, while also emphasizing diversity, equal access to roles, objective and unbiased hiring and a rigorous, competitive, and consistent hiring process.

• Supplier Diversity and Inclusion Program actively fostering relationships with diverse businesses and continually striving to increase spend with diverse suppliers, while prioritizing more competitive pricing, quality, service, innovation and creativity in procurement of services.

Qualifying suppliers must be at least 51% owned, operated and controlled by member(s) from one of the following enterprises or other businesses recognized by the Small Business Administration:

minority-owned business enterprise (Hispanic, African-American, Asian, Native America);

women-owned business enterprise;

Veteran-owned business enterprise;

Lesbian, Gay, Bisexual and Transgender business enterprise;

and disability-owned business enterprise.

We believe that this initiative increases the breadth of our vendor pool, while creating greater economic opportunity for diverse suppliers.

5 unchanged sentences

• Lionsgate Multicultural Employee Resource Group advocates for a more inclusive workplace and entertainment landscape through programs that educate, activate and celebrate multicultural diversity and its global impact;

This consists of resource groups for the Asian American Pacific Islander community, the Black community and the Latine community.

• Lionsgate Parents and Caregivers Group aims to bring together parents, expecting parents, caregivers, and allies to ensure our community fosters an environment that supports all families.

consists of resource groups for the Asian American Pacific Islander community, the Black community and the Latine community.

• Lionsgate Parents Group aims to bring together parents, expecting parents, caregivers, and allies to ensure our community fosters an environment that supports all families.

• Lionsgate Pride supports, develops and inspires future LGBTQIA+ leaders within the Company and the industry.

1 unchanged sentence

• Lionsgate Women’s Empowerment Group creates a community that improves the prominence of female leaders and empowers women at all levels within the Company and the industry.

The group amplifies opportunities for women and strengthens their ability to succeed in their roles and workforce by providing relevant resources, tools, and programming while developing leadership skills through mentorship, networking, and professional development.

Community Involvement

3 unchanged sentences

We offer a comprehensive benefits package which includes health, dental and vision insurance, family forming benefits, mental health support, resources for caregiving (children and adult family), online fitness and meditation classes, and new parent coaching.

We offer programs to develop and enrich the employee experience with offerings such as tuition reimbursement, leadership development programs, mentorship, and additional programs to help support specific populations (e.g., minorities, women, parents, LGBTQIA).

We conduct annual employee training on anti-harassment, information technology security, the Foreign Corrupt Practices Act, as well as manager, diversity, equity and inclusion trainings.

2 unchanged sentences

We protect our social, financial, informational, environmental, and reputational assets and make it a priority to operate our business in a responsible and sustainable manner.

Engaging in such responsibility not only helps us manage risks and maximize opportunities, but also helps us understand and manage our social, environmental, and economic impact that enables us to contribute to society’s wider goal of sustainable development.

Engaging in such responsibility not only helps us manage risks and maximize

opportunities, but also helps us understand and manage our social, environmental, and economic impact that enables us to contribute to society’s wider goal of sustainable development.

This includes, but is not limited to, conducting business in a socially responsible and ethical manner, supporting human rights, and committing to environmental sustainability.

In all our offices, we prioritize efforts to prevent pollution, and to conserve, recover, and recycle materials, water and energy wherever possible.

Our productions distribute documents electronically to minimize paper consumption and waste and

limit the use of single-use plastics.

Our productions distribute documents electronically to minimize paper consumption and waste and limit the use of single-use plastics.

Our productions follow best practices featured in the Producers Guild of America and Sustainable Production Alliance’s Green Production Guide, which are designed to reduce the film, television, and streaming industry’s carbon footprint and environmental impact.

1 unchanged sentence

We also prioritize vendors whose dedication to operating business in a responsible and sustainable manner directly aligns with those of Lionsgate.

Vantiva, our U.S.

and Canadian vendor for manufacturing and assembly of DVDs/Blu-rays:

ensures that all of its products comply with all consumer safety regulations in each country where marketed, including compliance with use of hazardous substances within products and systems, and end-of-life handling of electrical and electronic equipment waste;

supports product life cycle assessments assessing core product designs, reducing single-use plastics and packaging and decreasing carbon emissions due to transportation;

and prohibits the use of child labor, forced labor, human trafficking and modern slavery in its supply chain.

Wynalda, our vendor for wraps, inserts and other special home entertainment packaging:

maintains a ride sharing method of delivery for all of packaging goods, significant reducing shipping carbon footprint for delivery of such goods;

uses recycled or reclaimed materials for all trim from print and cut manufacturing;

and conducts periodic ethical trade audits to address sustainability as well as ethical treatment of people while minimizing their environmental impact.

Max Solutions, our vendor for non-standardized home entertainment packaging:

sources all materials from forest stewardship certified mills;

partners with companies that use plant-based, eco-friendly, compostable, and biodegradable alternative to plastic packaging;

and uses carbon-neutral presses designed to the highest levels of energy efficiency to drastically reduce emissions, scrap and process waste.

Management Succession Planning

The Nominating and Corporate Governance Committee of the Board of Directors, with the assistance of an independent outside consultant, has established short-term and long-term management succession plans, which it reviews and updates periodically.

The plans identify critical positions and potential replacements for the Company’s senior executives (including the Chief Executive Officer and the Vice Chair), should one of these critical positions become vacant.

The plans are designed to anticipate both expected successions, such as those arising from anticipated retirements, as well as unexpected transitions (i.e., “black swan events”), such as those occurring when executives leave for positions at other companies, or due to death, disability or other unforeseen events.

Corporate History

13 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business