Kate Nexon promoted to President of Domestic TV at Lionsgate

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Kate Nexon promoted to President of Domestic TV at Lionsgate
Credit: © Reuters.

Lionsgate has promoted Kate Nexon to President of Domestic Television and Digital Distribution, a significant move that sees her taking the helm of the company's North American strategy and sales. Nexon, who previously held the position of Executive Vice President, will now oversee the integration and distribution of content from the recently acquired eOne library into Lionsgate's domestic offerings.

Starting in the home entertainment division, Nexon has played a crucial role in the company's expansion, particularly within the basic cable and pay TV sectors. Her strategic acumen has been instrumental in driving nearly $2 billion in revenue over the span of three fiscal years, underscoring her ability to forge successful partnerships and negotiate high-stakes deals.

Among her notable achievements are the negotiations that led to the digital rights of the hit series "Schitt’s Creek" being acquired by Hulu and the sale of "The Continental" to Peacock. Additionally, Nexon was key in establishing a partnership with Amazon (NASDAQ: AMZN ) for the distribution of the religious drama "The Chosen."

In her new role, Nexon is set to direct the North American strategy for Lionsgate's first-run film pipelines, incorporating the diverse and valuable catalog of eOne titles into the mix. Her leadership is expected to continue driving the company's success in a competitive digital distribution landscape.

InvestingPro Insights

Lionsgate's recent promotion of Kate Nexon to President of Domestic Television and Digital Distribution is a strategic move that aligns with the company's growth trajectory. As Lionsgate integrates the eOne library into its domestic offerings, investors and industry watchers are keeping a close eye on the company's financial health and market performance. According to InvestingPro data, Lionsgate has displayed an impressive 11.87% revenue growth over the last twelve months as of Q2 2024, with a quarterly revenue growth of 16.03% in Q2 2024, indicating an accelerating pace in the company's revenue generation.

The company's market capitalization stands at $2.11 billion, reflecting the scale of its operations within the entertainment sector. Despite not being profitable over the last twelve months, Lionsgate's valuation suggests a strong free cash flow yield, which could be a positive sign for investors looking for long-term growth potential. However, it's also important to note that four analysts have revised their earnings expectations downwards for the upcoming period, which may indicate potential challenges ahead.

For those interested in deeper analysis, InvestingPro offers additional insights, with 7 more InvestingPro Tips available for Lionsgate, which can be accessed through the InvestingPro platform. Moreover, with the special Cyber Monday sale, subscriptions to InvestingPro are now available with a discount of up to 55%. For an even better deal, use coupon code sfy23 to get an additional 10% off a 2-year InvestingPro+ subscription.

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