The company acknowledged the challenging year for the industry, emphasizing the need for stringent financial discipline amidst evolving market conditions. Key financial highlights from the report include a 3% increase in trailing 12-month library revenue to $892 million and an 8% employee participation in voluntary severance and early retirement packages as the company streamlines operations. The Motion Picture segment saw a revenue rise of 3% to $407.1 million, while the Television Production segment recorded a 6% revenue increase to $416.6 million, driven by higher series deliveries to STARZ. However, both segments experienced declines in profitability due to underperformance and the lingering effects of previous strikes. Looking forward, Lionsgate remains committed to the strategic separation of its Studio and STARZ businesses by the end of the calendar year, pending regulatory approvals, and aims to return to growth by focusing on diversified content slates and strong execution.