Redbox Goes Public in SPAC Transaction
Seaport Global Acquisition agrees to a $693 million deal with the entertainment retailer.
Redbox Inc., the provider of red kiosks found in front of supermarkets and drugstores, will move to a new home on the Nasdaq exchange.
The Oakbrook Terrace, Ill., entertainment company agreed May 17 to go public through a merger with special purpose acquisition company Seaport Global Acquisition Corp. (SGAM).
The transaction, valued at $693 million, calls for Redbox to receive $145 million from Seaport’s trust account and another $50 million from a private placement. Investors in the private placement include Ophir Asset Management, Lions Gate Entertainment Corp. (LGF.A), Legendary Entertainment and Screenvision.
Operator
Ladies and gentlemen, thank you for standing by. And welcome to the Lions Gate Fourth Quarter 2021 and Year End Earnings Call. [Operator Instructions] As a reminder, today s conference is being recorded.
I would now like to turn the conference over to your host, EVP, Head of Investor Relations, Mr. Nilay Shah. Please go ahead, sir.
Nilay Shah
Executive Vice President and Head of Investor Relations
Good afternoon. Thank you for joining us for the Lions Gate fiscal 21 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; President of Domestic Network, Alison Hoffman; and
LIONSGATE REPORTS RESULTS FOR FOURTH QUARTER AND FULL YEAR FISCAL 2021
Fourth Quarter Revenue was $876.4 Million; Operating Income was $14.3 Million; Net Loss Attributable to Lionsgate Shareholders was $37.7 Million or $0.17 Diluted Net Loss per Share
Adjusted OIBDA was $77.4 Million
STARZ Global Subscribers Increased to 29.5 Million, including 69% Year-Over-Year Growth to 16.7 Million Global Streaming Subscribers; Domestic Streaming Subscribers Hit 10 Million Mark
Film & Television Library Revenue Reaches Record $780 Million for Trailing 12 Months
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SANTA MONICA, Calif. and VANCOUVER, B.C., May 27, 2021 /PRNewswire/ Lionsgate (NYSE: LGF.A, LGF.B) today reported fourth quarter (quarter ended March 31, 2021) revenue of $876.4 million, operating income of $14.3 million and net loss attributable to Lionsgate shareholders of $37.7 million or $0.17 diluted net loss per share on 221.2 million diluted weighted average common s
New ‘Saw’ film to top box office as moviegoing picks up 15 May 2021 - 14:24
Bloomberg
A new film in the Saw” horror franchise is expected to top the weekend box office, likely bringing in twice as much money as the top movie last weekend amid a broader rise in moviegoing. Spiral: From the Book of Saw,” a film from Lions Gate Entertainment Corp. and Twisted Pictures, is estimated to generate $14.8 million in domestic ticket sales this weekend. That’s expected to lift the overall box office, pushing it to one of its strongest weekends in 2021, according to research from Boxoffice Pro.