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TRENDING
Feb. 19, 2024
Lionsgate Departure from UK
Lionsgate has confirmed when it will pull its streaming service from the UK as part of its withdrawal from international markets.
Lionsgate has officially
confirmed its departure date from the UK. As part of its withdrawal from
international markets, the company will be pulling its streaming service out of
the UK. Subscribers will be able to stream content on the Lionsgate+ platform
until February 29, after which it will be available exclusively on Amazon Prime
Video.
Additionally, Lionsgate+ is
currently accessible on Sky through its Sky Q and Sky Stream products. This
decision comes after the company’s announcement last November to focus on
smaller markets and exit the UK and Australia. Approximately 10% of the staff
will be laid off as part of the restructuring process, which involves
separating Starz from the film studio and establishing them as two separate
publicly traded entities following the acquisition of eOne.
Lionsgate made the decision to
withdraw from the UK and Australia as part of a strategic shift. Last November,
the company announced its intention to focus on smaller markets and streamline
its operations. By exiting the UK and Australia, Lionsgate aims to allocate
resources more efficiently and concentrate on other regions. The restructuring
process includes separating Starz from the film studio, establishing them as
two separate publicly traded entities, and optimizing their business model
following the acquisition of eOne.
