How Lions Gate Entertainment's Stock Gained 14% Last Month
Shares of Lions Gate Entertainment (NYSE: LGF-A) (NYSE: LGF-B) rose sharply in December. According to data from S&P Global Market Intelligence, the studio's Class A shares gained 14%, while its Class B shares notched an improvement of 14.5%. The gains hinged on an expanded content-licensing deal with Comcast (NASDAQ: CMCSA) 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 NBC's upcoming Peacock video streaming service. 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.
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Source Fool.com
