Lionsgate CEO: SVOD content will be "increasingly important"

Lionsgate sees much potential in developing content for Netflix, Hulu and other streaming services, with the potential to syndicate the programming to traditional TV channels later. Lionsgate has a prison comedy called "Orange Is the New Black" set for a July launch on Netflix, and another comedy series is in development for Hulu. "This is just the tip of iceberg," Lionsgate CEO Jon Feltheimer said. "We believe that creating content for the next wave of ... content distributors will become an increasingly important part of our television business going forward."

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