Friday Mailing: Starz, Walled Gardens & The Road To A Spin-Out

Lionsgate reported its FYQ4 2022 earnings yesterday. Notably, global streaming subscribers were up from 19.7MM in Q3 to 24.5MM. Of those 4.8MM subscribers, 4.3MM were international STARZPLAY subscribers and the rest were implicitly in the U.S. So Starz saw more growth than Netflix in the U.S., which is seeing an increase in churn in the U.S.

I have writt…