The “battle” between streaming services in Mexico will lose competitors in the coming months. Lionsgate made it clear in its first fiscal quarter results report that it will close operations in Latin America with its platform. Lionsgate+ will leave Mexico and Latin America on December 31, 2023. They stated that they will focus their operations on STARZ exclusively in the United States, United Kingdom, and […]

“fight” among streaming services in Mexico will lose a competitor in the coming months. lion gate inaugurated in his fiscal first quarter earnings report That will close the operation in Latin America with its platform.

lion gate+ will leave Mexico and Latin America on December 31, 2023. They mentioned that they would be focusing their operations on STARZ exclusively in the United States, United Kingdom, and Canada.

Based on report What’s on Disney PlusJon Feltheimer, CEO of Lionsgate, mentioned in an investor call that one of the reasons they decided to leave the region was thanks to a agreements they reach with key distributors in Latin America:

“On the international side, after being contacted by a major distributor in Latin America, we processed a lucrative deal that motivated us to leave the region before December 31, as we move towards a focus on services in the US and other English-speaking regions, the UK, Canada, and Australia, while continuing to eliminate the significant costs of doing business.”

Remember that Lionsgate+ is a platform”newin the region, appearing in October 2022, despite the fact replace starplay which already has several years of activity.

Lionsgate+ not only serves as a streaming platform, but also has an alliance with Prime Video and Claro video to own channels on their app and offer all content.

At a time when the company had a story with Disney, when owner Mickey announced Star+, he was being sued in Mexico by Lionsgate accused them that their names were similar to Starzplay and can cause confusion. In the end, not much happened and they ended up creating an alliance where all Lionsgate+ content appeared in the Star+ catalog, but needed to have a specific subscription that held the platforms together.

Currently Lionsgate+ can still be contracted in Mexico directly from the platform or via the Prime Video and Claro video channels. The Mega Combo package with Disney+, Star+ and Lionsgate+ is no longer available.

With information from Xataka Mexico