The name change lasted a month to Starzplay. If on September 30 the platform had a rebranding process to become Lionsgate + at an international level, five weeks later it faces closure in Spain and six other European territories.
This has been confirmed by Lionsgate in a harsh profit report, where they claim to have lost one thousand seven hundred million dollars during the last quarter. A catastrophic fact that has caused the company to take drastic measures and the decision to leave its OTT markets in Spain, France, Italy, Germany, the Benelux, the Nordic countries and Japan.
According to THR, Lionsgate I would also be studying a possible sale or a spin-off of both its cable network (Starz) and streaming platform and its own studio. However, it will continue to operate with Starz in other markets such as the United Kingdom and Latin America.
An uncertain future
In our country, Lionsgate+ has not yet communicated this situation so we still don’t know dates or how the issue is regarding the original series that the platform is developing in Spain, as is the case of season 2 of ‘Xpress’ or ‘Nacho’ (the biopic of the porn actor), which will be It would premiere on December 11.
Although in Spain Starzplay / Lionsgate + is a small platformthrough it we received part of the catalog of the Starz network (‘P-Valley’ or ‘Power’) as well as some Hulu series such as ‘The Great’ and other gems such as ‘Gangs of London’.