Lionsgate TV President Kevin Beggs on 42 projects, international productions, recent hits and Netflix woes – Banff

Kevin Baggs, president of Lionsgate TV, said the studio was “working on a diversified project” with 42, pushing international productions, highlighting recent hits to the point that it “has a little more room for broadcasters.” . Baggs also defended Netflix after a slower-than-expected growth spurt for the streamer, but said it may need to be “more reasonable and orderly” in the future.

Speaking with Deadline in Banff, where he chairs the board of directors, while speaking to Deadline, Baggs hinted at what would happen after the deal was officially completed at 42, a London and Los Angeles-based production and management company. . The next few weeks.

“We are already working on several projects,” he added. “We love the entrepreneurial spirit of the 42 and they have a fantastic role model and footprints of America. It’s a promising feeling. “

The deadline was revealed in March for this ghosts Y Marta Producer Lionsgate took a minority stake in 42, with clients Jesse Armstrong, Julian Fallows and Lynn Ramsey. Understandably, the management and production of Fauna 3 Arts Entertainment, which is majority owned by Lionsgate, was the main driver of the agreement and will seek to collaborate on TV and film projects.

Lionsgate CEO John Feltheimer said in a recent phone call that Lionsgate CEO John Feltheimer said Lionsgate is preparing to sell Starz premium cable channel. More in detail and he did not say whether Lionsgate will enter the M&A market after closing the deal.

He said Lionsgate is looking to push production outside of the United States as international partners attract more attention, though he pointed out that it bundles packages like Sky / HBO. young pope It still requires “10 out of 10 thoughts”.

Lionsgate was recently photographed john wick Predecessor Continental With the second season of the BBC in Budapest Pact In Wales, Baggs says “there will be more of them in all of these markets”.

In the UK, Lionsgate acquired a stake in Indian drama Pottweiler TV five years ago, and Baggs said the projects are still in development.

“By scale, the UK market is important and the trading conditions are very favorable for Indians, but it’s still a very small club. [of indies] They charge a commission there. We love what Potboiler did and are looking to do more at the finish. “

recent successes

Lionsgate’s television division contributes to recent hits in half-hour comedy slots such as CBS. ghosts and fox welcome to flatch And the unit contrasts with the company’s overall quarterly profit in the last quarter to increase revenue 75% to $ 370.2 million.

Baggs attributed this to “a little more space with stations” for the new shows.

“As a mid-sized independent company, we are very helpful and can move quickly to IP integration, projects or fields,” he explained, adding that lately there have been “more buyers, more expenses and more customers.” Months.

Subsequently, Indie tries to produce “louder and more sophisticated” programs like HBO Max. Marta Or out of Lionsgate, Showtime’s Yellow jackets.

While Lionsgate cannot compete with rich competitors for the most expensive talent or tie them to exclusive and lucrative deals, Baggs says it offers the company the ability to “hunt the next generation.”

Protect Netflix

Chair ფერი Orange is cool black The manufacturer defended Netflix after a period of lower-than-expected subscriber growth, raising doubts about the Streamer model, but said it may need to be “more reasonable and disciplined” in the future.

“Netflix has a huge subscriber base and has been a dominant player in the space since the streaming revolution began,” he added. “They used to run and now their competitors are ahead, so they have to control their business. They know better than anyone what is effective and efficient, and it’s our job as a marketer to make sure we sell and produce programs that work for them and are successful. “

Speaking at the Banff conference yesterday, Bella Bajaria, head of Netflix Global TV, said Streamer is “back to basics” and expects $ 17 billion to be spent on content this year.