The content studio's management also laid out its international expansion plans in greater detail, undermining rumors that the Starz network might be up for sale.
News & Analysis: Lions Gate Entertainment Corporation Class B
Find out what made these stocks miss out on the market's bounce.
An attractive entertainment is apparently still on the block, plus two retailers report quarterly earnings.
The cable and streaming unit is sparking interest from potential suitors.
Despite pressure on the overall market, merger and acquisition activity and favorable analyst views lifted these stocks.
Rumor has it that a major media company might want to buy the Starz property for a cool $5 billion -- and that Lions Gate turned the offer down in search of more money.
Soggy quarterly results and a disappointing movie opening caused investors to give Lions Gate the cold shoulder.
Lionsgate's recent stumble at the box office shines a brighter light on Disney's impressive consistency.
The mini-major content studio's holiday quarter couldn't measure up to a muscular year-ago period, but the company is pushing several potential blockbusters for the upcoming summer season.
The studio has been working hard to expand availability of its streaming channel, and it's beginning to pay off.