Shares of Lions Gate Entertainment () () rose sharply in December. , the studio’s Class A shares gained 14%, while its Class B shares notched an improvement of 14.5%. The gains hinged on with Comcast () subsidiary NBCUniversal.
NBCUniversal renewed its existing licensing agreement with Lions Gate’s premium cable network Starz. On top of a simple extension of the older deal’s terms, original Starz content will also be available for subscribers to . Finally, Lions Gate’s international streaming platform known as Starzplay will also get access to some of NBCUniversal’s media catalog, and American audiences will be able to consume that content on the Starz network.
Comcast’s shares hardly moved on the news because it