Lions Gate Entertainment Announces Partnership with Amazon

Lions Gate Entertainment (LGF.A) recently announced its partnership with Amazon AMZN to offer Starz and MGM+ bundle to Prime members in the United States at 20% discount to boost subscribers.

This bundle is part of a long-term partnership between both the companies. Starz membership costs $8.99 per month and MGM+ costs $5.99 per month. In this bundle, both would be available for $11.99 per month, which is at 20% effective discount.

Amid the ongoing fight for share in the streaming market, Starz and MGM+ are teaming up to have a larger market share of the market. Starz’s domestic subscribers declined by 1.1 million in the last quarter of 2022, including a decline of 700,000 streaming subs and 400,000 linear subs to stand at 19.9 million (11.6 million streaming and 8.3 million linear).

Read the source article at finance.yahoo.com