Lionsgate Studios Corp.

Good afternoon and welcome to the Lionsgate Studios fourth quarter 2026 earnings conference call. All participants will be in listen only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star, then two. Please note, this event is being recorded. I would now like to turn the conference over to Neelay Shah, Head of Investor Relations. Please go ahead.

Good afternoon. Thank you for joining us for the Lionsgate Studios Corporation's Fiscal 2026 Fourth Quarter Conference Call. We'll begin with opening remarks from our CEO, John Feldtheimer, followed by remarks from our CFO, Jimmy Barge. After their remarks, we'll open the call for questions. Also joining us on the call today are Vice Chairman Michael Burns, COO Brian Goldsmith, Chairman of the TV Group, Kevin Beggs, Chairman of the Motion Picture Group, Adam Fogelson, Chief Revenue Officer, Jim Packer, and Senior Advisor to the Office of the CEO at Lionsgate and Co-CEO of 3Arts, Brian Weinstein. The matters discussed on the call also include forward-looking statements, including those regarding the performance of future fiscal years. Such statements are subject to a number of risks and uncertainties. Actual results could differ materially and adversely from those described in the forward-looking statements as a result of various factors. This includes the risk factors set forth in our public filings for Lionsgate Studios Corp. The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances. I'll now turn the call over to John.

Thank you, Neelay, and good afternoon, everyone. We just reported a quarter that is indicative of our earnings power, paving the way for outsized growth in fiscal 27 and 28. Since this is our fiscal year-end call, I'm going to take you through some of the highlights during the year. Last May, we completed the separation of Lionsgate and Starz into two standalone public companies, collapsing our dual-share structure into a single class of stock. The market's response confirms that a focused, content-driven Lionsgate is the right structure for unlocking value. We've put together one of the strongest content pipelines we've ever had. Over the next two to three years, over half of our film, television, and live entertainment slates will be comprised of branded, repeatable intellectual properties that we own or control. We secured renewals for 12 of our 13 scripted series, setting the stage for our television slate to nearly double the number of episodic deliveries from fiscal 26 to fiscal 27. We reported our third consecutive quarter of $1 billion trailing 12-month library revenue, creating valuable consistency in a constantly changing operating environment. We leaned into AI with a strategy designed to make technology a valuable part of the creative process and a driver of quality and efficiency across every part of our business. And we ended fiscal 26 and started fiscal 27 with two massively successful movies, The Housemaid and Michael, reasserting our brand and demonstrating our ability to compete effectively at every level of box office. The Housemade reinforces our unique model and entrepreneurial approach. A provocative movie, an unconventional release strategy, a risk mitigated financial structure with significant upside, and one of the highest box office to ancillary market conversion rates in the industry. We're excited to begin production later this year on The Housemaid's Secret, based on the best-selling second book in the trilogy for a December 17th, 2027 release. During the quarter, we took a number of other steps to keep this momentum growing, kicking off the marketing campaign for the next installment of our Hunger Games franchise, wrapping production on a new interpretation of Rambo with rising star Noah Centineo, wrapping production on Mel Gibson's Resurrection of the Christ Parts 1 and 2, greenlighting the reimagining of Blair Witch in partnership with Blumhouse and James Wan's Atomic Monster, and signing acclaimed Spider-Man director Sam Raimi to direct a remake of the classic horror thriller Magic. After the quarter, we open Michael. The scenes of moviegoers dressing up, bringing their families over and over and dancing in the aisles, are a testament to what entertainment at its very best can do. With Japan still to open, Michael is on track to become our first movie grossing over a billion dollars at the worldwide box office. And we believe there is a lot more story to tell and a lot more music to share. Turning to television, the mantra remains the same. Lean into the creative strengths that enabled us to secure renewals of scripted TV series with 12 different buyers. Keep costs down and maintain our flexibility to make shows at every price point for every buyer and across a balanced mix of retained rights and cost plus models. The Rookie, our long running procedural at ABC and Hulu, showed no signs of slowing down in the quarter Coming off a season eight finale that set a new streaming viewership record for the series and benefiting from an influx of younger audiences, the show was renewed for its ninth season. And we're excited to extend the brand with the ABC pickup of The Rookie North with potential breakout star Jay Ellis. No discussion of our television business would be complete without a few words about the hit comedy The Studio on Apple TV. The series just took the international category at the BAFTA Awards to complete one of the most dominant award runs in modern television history by winning the top prizes at the Emmys, Golden Globes, the Actor Awards, and the PGA, DGA, and WGA Awards. We're so proud of Seth Rogen, Evan Goldberg, the amazing cast and writers, together with our partners at Apple TV, for everything they have and are continuing to accomplish. In closing, our success in the quarter is about more than one hit movie. We're beginning to see signs that our operating environment is improving. People are returning to theaters. IMAX, Dolby, XD and other premium large format screens are transforming the movie going experience. Great storytelling is emerging in new and unexpected places across traditional and digital media alike. and Gen Z audiences are enabling shows like The Rookie to break out with renewed vitality as we're again seeing the resilience of our business in the largest entertainment market in the world. In this improving environment, the fact that our content pipelines are strong, our library is robust, our brand stands out, and our franchises are adding value from new markets and new audiences should give everyone confidence in a strong year ahead. In the coming weeks, we'll post several slides on our investor site that illustrate the core tenets of our business that I've touched on throughout my remarks. The proportion of repeatable branded properties on our film and television slates, the strength and consistent performance of our library, and the uniqueness of our business models. I encourage you to take a look because we'll be returning to these themes often on future calls. Now I'll turn things over to Jimmy.