Lionsgate has released its third quarter financial results after unveiling plans for a spinoff of its studio business from the premium cable and streaming platform Starz via a Special Purpose Acquisition Company (SPAC) deal. The studio swung to a third quarter net loss at $107.4 million, compared to a year-earlier profit of $15.2 million, on overall revenue falling to $975.1 million, against $1 billion in the same period of last year during the three months to Dec. 31, 2023. Lionsgate posted an adjusted earnings per-share at 27 cents, compared to a year-earlier per-share earnings of 21 cents, which in the latest financial quarter beat an analyst estimate by six cents. Shares in the H
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