Lionsgate's Kevin Beggs on Surviving New Hollywood: "Season 2" is Not the Goal

Lionsgate Chairman Kevin Beggs on Surviving New Hollywood: "We Don't Want to Be in Season 2" In a candid address at the Access Canada Summit in Toronto, presented by The Hollywood Reporter, Lionsgate Television Group chair and chief creative officer Kevin Beggs reflected on the tumultuous landscape of modern television. According to Beggs, the streaming wars have subsided, leaving behind a "nice little resurgence" that offers opportunities for growth. Beggs attributed this resurgence to a combination of factors, including the end of the COVID-19 pandemic and the recent strikes in the industry. However, he emphasized that the current market is not yet comparable to the peak TV era, which saw unprecedented growth and competition among streaming services. To capitalize on these improved conditions, Beggs stressed the importance of making "disciplined bets" on new series. As an example, he cited Lionsgate's first-look deal with Seth Rogen and Evan Goldberg's Point Grey Pictures, which has yielded a successful result. "We don't want to be in Season 2," Beggs said, referencing the common phenomenon of struggling TV shows being revived or retooled for another season. "We want to make sure that our shows are strong from the start." Beggs' comments come as the television industry continues to navigate the shifting landscape of streaming services and changing viewer habits. As more platforms emerge, Beggs believes that Lionsgate must adapt and innovate to remain competitive. In an effort to stay ahead of the curve, Lionsgate has been investing in new talent and projects. The studio's deal with Point Grey Pictures is just one example of this strategy, which aims to bring fresh perspectives and ideas to the table. The Access Canada Summit, where Beggs delivered his address, provided a platform for industry professionals to share insights and discuss the future of television. As the global TV business continues to evolve, Beggs' words offer a glimpse into the challenges and opportunities that lie ahead. Background Lionsgate Television Group has been at the forefront of the streaming wars, producing content for various platforms including Netflix, Hulu, and Amazon Prime Video. The studio's deal with Point Grey Pictures is part of its broader strategy to invest in new talent and projects. Additional Perspectives Industry experts agree that Beggs' comments reflect a growing trend towards more selective and strategic decision-making in the television industry. "It's no longer about throwing money at every idea," said one insider. "It's about finding the right projects and backing them with conviction." As the TV business continues to adapt, audiences can expect to see more innovative and engaging content from studios like Lionsgate. With Beggs at the helm, the studio is poised to navigate the changing landscape and emerge stronger than ever. Current Status Lionsgate's deal with Point Grey Pictures serves as a model for the studio's new approach to television production. As Beggs continues to guide the company through these uncertain times, one thing is clear: Lionsgate is committed to making smart bets on new series that will captivate audiences and leave a lasting impact on the industry. Next Developments In the coming months, Lionsgate will continue to invest in new talent and projects. With Beggs at the helm, the studio is poised to make waves in the television industry with innovative content that resonates with audiences worldwide. *Reporting by Hollywoodreporter.*