the streaming platform Starzplaywhich just over a month ago changed its name to lionsgate+ advertise its closure in Spain and other international markets.
It is the popular platform Starz or Starzplay, which on September 29 changed its name to lionsgate+. It could be contracted in Spain independently (it is still possible), or through the streaming platforms of the operators, Prime Video, and some others.
Lionsgate is an important producer of series and films, which owns the rights to titles such as The Twilight Saga, The Hunger Games and Divergent. Among his best known series are Alf, Mad Men, Orange is the new black, La Reina Serpiente, Gaslitand more.
Lionsgate bought Starz in 2016 for about 4,400 million dollars, with the intention of having its own platform to release its exclusive series and movies, through subscriptions. But for now, things are not going as expected.
Lionsgate+ poor quarterly results
According to The Hollywood Reporter, Lionsgate+ already has 37.8 million subscribers, one million more than the previous quarter, with revenues of 875 million dollars. These are good figures… but not enough to cover the 1,750 million expenses.
lionsgate+ has announced that it is leaving the markets of FFrance, Germany, Italy, Spain, the Netherlands, the Nordic countries and Japan. It will only remain in the United States, Latin America, Canada and the United Kingdom.
Also will separate Lionsgate and Starz, They will operate as independent entities. It will also expand to other markets, such as video games. is already planning an AAA John Wick gamewhose chapter 4 will be released next March.
What does that mean for users? At the level of access to content, not too much. Lionsgate’s exclusive series and movies will be distributed on other platforms, as was the case before the purchase of Starz.
The lionsgate+ closing in Spain reflects how complicated the TV streaming market is. Companies that grow in users, but subscriptions do not give enough money to survive. Precisely for this reason, Netflix yesterday released its cheap plan with advertising. lionsgate+ It can still be contracted in Spain, and it has a free trial period. Take advantage before they close…