United states securities and exchange commission



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Revenues included in television production increased in fiscal 2012 , mainly due to higher revenue generated from the home entertainment category of television production, offset in part by lower revenue generated from domestic series licensing in fiscal 2012 as compared to fiscal 2011 .


The following table sets forth the number of television episodes and hours included in Lionsgate Television domestic series licensing revenue in the fiscal years ended March 31, 2012 and 2011 , respectively:

 


















































 

 

Year Ended

 

 

 

Year Ended

 

 

March 31, 2012

 

 

 

March 31, 2011

 

 

Episodes

 

Hours

 

 

 

Episodes

 

Hours

Weeds Season 7

1/2hr

13




 

6.5




 

Weeds Season 6

1/2hr

13




 

6.5




Blue Mountain State Season 3

1/2hr

13




 

6.5




 

Blue Mountain State Season 2

1/2hr

13




 

6.5




Bloomberg The Mentor Season 2

1/2hr

8




 

4.0




 

Running Wilde Season 1

1/2hr

13




 

6.5




Nurse Jackie Season 4

1/2hr

10




 

5.0




 

Nurse Jackie Season 3

1/2hr

12




 

6.0




Boss Season 1

1hr

8




 

8.0




 

Mad Men Season 4

1hr

13




 

13.0




Mad Men Season 5

1hr

13




 

13.0




 

Scream Queens Season 2

1hr

8




 

8.0




Pilots

1/2hr & 1hr

2




 

1.5




 

Pilots

1/2hr & 1hr

3




 

2.0




 

 

67




 

44.5




 

 

 

75




 

48.5




Revenues included in domestic series licensing from Lionsgate Television decreased in fiscal 2012 , due to a decrease in the number of television episodes delivered as compared to fiscal 2011 . Revenues included in domestic series licensing from Debmar-Mercury decreased in fiscal 2012, primarily because fiscal 2011 included revenue from Weeds Seasons 1 through 5 , with only comparable revenue from Weeds Season 6 in fiscal 2012.

International revenue in fiscal 2012 was comparable to fiscal 2011. International revenue in fiscal 2012 primarily included revenue from Blue Mountain State Season 2 , Mad Men Seasons 1, 2, 3, and 4, and Weeds Seasons 5 and 6 . International revenue in fiscal 2011 included revenue from Blue Mountain State Season 1, Crash Season 2, and Mad Men Seasons 1, 2, 3, and 4.

The increase in revenue from home entertainment releases of television production is primarily driven by electronic media revenue from Mad Men Seasons 1, 2, 3, and 4, as a result of a licensing contract, and Weeds Seasons 1, 2, 3, 4 and 5 , primarily as a result of an extension of a licensing contract, and to a lesser extent, packaged media revenue from Weeds Season 7 (released February 2012) in fiscal 2012 .
59


Table of Contents


Direct Operating Expenses

The following table sets forth direct operating expenses by segment for the fiscal years ended March 31, 2012 and 2011 :



 













































































 

Year Ended

 

Year Ended

 

March 31, 2012

 

March 31, 2011

 

Motion

Pictures

 

Television

Production

 

Total

 

Motion

Pictures

 

Television

Production

 

Total

 

(Amounts in millions)

Direct operating expenses

 

 

 

 

 

 

 

 

 

 

 

Amortization of films and television programs

$

415.5




 

$

188.2




 

$

603.7




 

$

354.4




 

$

175.0




 

$

529.4




Participation and residual expense

187.4




 

116.0




 

303.4




 

170.3




 

95.0




 

265.3




Other expenses

1.5




 

(0.2

)

 

1.3




 

1.2




 

(0.2

)

 

1.0




 

$

604.4




 

$

304.0




 

$

908.4




 

$

525.9




 

$

269.8




 

$

795.7




Direct operating expenses as a percentage of segment revenues

50.8

%

 

76.5

%

 

57.2

%

 

42.8

%

 

76.4

%

 

50.3

%



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