SecProbe.io

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 August 4, 2026

James W. Barge
Chief Financial Officer
Lionsgate Studios Corp.
2700 Colorado Avenue
Santa Monica, CA 90404

 Re: Lionsgate Studios Corp.
 Form 10-K for Fiscal Year Ended March 31, 2026
 File No. 001-42635
Dear James W. Barge:
 We have completed our review of your filing. We remind you that the
company and its
management are responsible for the accuracy and adequacy of their disclosures,
notwithstanding
any review, comments, action or absence of action by the staff.

 Sincerely,

 Division of
Corporation Finance
 Office of Trade &
Services
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 Document Lionsgate Studios Corp. 2700 Colorado Avenue Santa Monica, California 90404 July 30, 2026 Via EDGAR United States Securities and Exchange Commission Division of Corporation Finance Office of Trade & Services 100 F. Street, N.E. Washington, D.C. 20549 Attention:     Blaise Rhodes and Angela Connell Division of Corporation Finance Office of Trade & Services Re:    Lionsgate Studios Corp Form 10-K for the Fiscal Year Ended March 31, 2026 File No. 001-42635 Ladies and Gentlemen: We respectfully submit below the response of Lionsgate Studios Corp., a British Columbia, Canada corporation (“Lionsgate,” the “Company,” “we,” “us,” or “our”), to the comment from the United States Securities and Exchange Commission staff (the “Staff”) regarding our Annual Report on Form 10-K for fiscal year ended March 31, 2026 contained in your letter dated July 21, 2026. For your convenience, we have included your original comments below in italics, immediately followed by our response. Form 10-K for Fiscal Year Ended March 31, 2026 Management's Discussion and Analysis of Financial Condition and Results of Operations Segment Results of Operations and Non-GAAP Measures, page 52 Comment 1 : We note your disclosure of gross contribution and gross contribution as a percentage of revenue for each of your segments. Please explain how you determined that these were not non-GAAP measures which would require a reconciliation to the most comparable GAAP measure. In this regard, we note that you disclose segment profit as your primary measure of segment performance. As gross contribution would appear to be an additional measure of segment performance, it would appear to be subject to Item 10(e)(1)(i) of Regulation S-K as it is not required to be disclosed by ASC 280. Please also explain how you determined which measure of segment performance was determined in accordance with the measurement principles most consistent with those used in measuring the corresponding amounts in your consolidated financial statements. Refer to ASC 280-10-50-28A. Lionsgate Response : The Company respectfully acknowledges the Staff’s comment. The Company included gross contribution and gross contribution as a percentage of revenue within its MD&A to provide investors with additional transparency regarding certain components of segment profit. Gross contribution was intended to represent a subtotal of segment revenues, less segment direct operating expenses and segment distribution and marketing expenses and was not intended to represent an additional measure of segment performance. The Company advises the Staff that segment profit is the measure used by the Company’s Chief Operating Decision Maker (“CODM”) to evaluate operating performance, allocate resources, and make decisions regarding the operation of the business. Accordingly, the Company believes segment profit is the measure of segment profit or loss most consistent with the measurement principles used in the Company’s consolidated financial statements. In consideration of the Staff’s comment, the Company will revise future filings to remove both gross contribution and gross contribution as a percentage of revenue from MD&A and will no longer present gross contribution within the segment footnote disclosure. The Company believes this revision will simplify its disclosure and further align the presentation of segment results with the measure used by the CODM in assessing operating performance and allocating resources. The Company respectfully advises the Staff that future MD&A disclosures will focus on segment profit. ***** We acknowledge that Lionsgate and its management are responsible for the accuracy and adequacy of its disclosures, notwithstanding any review, comments, action or absence of action by the Staff. We hope that this letter has been helpful and responsive to your requests. If you have any questions or comments to our response, please contact me directly at 310-255-5159.                              Sincerely, LIONSGATE STUDIOS CORP. /s/ James W. Barge James W. Barge Chief Financial Officer

July 21, 2026
James W. Barge
Chief Financial Officer
Lionsgate Studios Corp.
2700 Colorado Avenue
Santa Monica, CA 90404
Re: Lionsgate Studios Corp.
Form 10-K for Fiscal Year Ended March 31, 2026
File No. 001-42635
Dear James W. Barge:
 We have limited our review of your filing to the financial statements and related
disclosures and have the following comment(s).
 Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
 After reviewing your response to this letter, we may have additional comments.
Form 10-K for Fiscal Year Ended March 31, 2026
Management's Discussion and Analysis of Financial Condition and Results of Operations
Segment Results of Operations and Non-GAAP Measures, page 52
1. We note your disclosure of gross contribution and gross contribution as a percentage of
revenue for each of your segments. Please explain how you determined that these were not
non-GAAP measures which would require a reconciliation to the most comparable GAAP
measure. In this regard, we note that you disclose segment profit as your primary measure
of segment performance. As gross contribution would appear to be an additional measure
of segment performance, it would appear to be subject to Item 10(e)(1)(i) of Regulation S-
K as it is not required to be disclosed by ASC 280. Please also explain how you
determined which measure of segment performance was determined in accordance with
the measurement principles most consistent with those used in measuring the
corresponding amounts in your consolidated financial statements. Refer to ASC 280-10-
50-28A.
 In closing, we remind you that the company and its management are responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or
absence of action by the staff.

July 21, 2026
Page 2
 Please contact Blaise Rhodes at 202-551-3774 or Angela Connell at 202-551-3426 with
any questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services

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 CORRESP

 Lionsgate Studios Corp.
 2700 Colorado Avenue
 Santa Monica, California 90404
 June 3, 2026 VIA EDGAR
 U.S. Securities and Exchange Commission Division of Corporation
Finance Office of Trade & Services 100 F Street,
NE Washington, D.C. 20549 Attention:  Nicholas
Nalbantian

 Re:
 Lionsgate Studios Corp.

  
 Registration Statement on Form S-3

  
 File No. 333-296286

  
 Request for Effectiveness
 Ladies and Gentlemen: Reference is made to the
Registration Statement on Form S-3 (File No. 333-296286) filed by Lionsgate Studios Corp. (“ Lionsgate ”) with the U.S. Securities and Exchange
Commission on May 27, 2026 (the “ Registration Statement ”). Lionsgate hereby requests the Registration Statement
be made effective at 4:00 p.m., Eastern Time, on June 5, 2026, or as soon as possible thereafter, in accordance with Rule 461 promulgated under the Securities Act of 1933, as amended.
 Please contact Fabiola Urdaneta at (212) 403-1121 or FUrdaneta@wlrk.com with any questions you may
have concerning this letter, or if you require any additional information, and please notify her when this request for acceleration of effectiveness of the Registration Statement has been granted.
 [ Signature Page Follows ]

 Very truly yours,

 LIONSGATE STUDIOS CORP.

 By:

 /s/ James W. Barge

 Name:

 James W. Barge

 Title:

 Chief Financial Officer

 cc:
 Bruce Tobey

  
 Executive Vice President and General Counsel

  
 Lionsgate Studios Corp.

  
 Adrian Kuzycz

  
 Executive Vice President and Associate General Counsel

  
 Lionsgate Studios Corp.

  
 Edward D. Herlihy

  
 Wachtell, Lipton, Rosen & Katz
 2

June 2, 2026
James W. Barge
Chief Financial Officer
Lionsgate Studios Corp.
2700 Colorado Avenue
Santa Monica, CA 90404
Re: Lionsgate Studios Corp.
Registration Statement on Form S-3
Filed May 27, 2026
File No. 333-296286
Dear James W. Barge:
 This is to advise you that we have not reviewed and will not review your registration
statement.
 Please refer to Rules 460 and 461 regarding requests for acceleration. We remind you that
the company and its management are responsible for the accuracy and adequacy of their
disclosures, notwithstanding any review, comments, action or absence of action by the staff.
 Please contact Nicholas Nalbantian at 202-551-7470 with any questions.
Sincerely,
Division of Corporation Finance
Office of Trade & Services
cc: Fabiola Urdaneta

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 CORRESP

 Lionsgate Studios Corp.
 2700 Colorado Avenue
 Santa Monica, California 90404
 August 4, 2025 VIA EDGAR
 U.S. Securities and Exchange Commission Division of Corporation
Finance Office of Energy & Transportation 100 F
Street, NE Washington, D.C. 20549

 Attention:
 Robert Shapiro

  
 Joel Parker

  
 Cara Wirth

  
 Taylor Beech

 Re:
 Lionsgate Studios Corp.
 Registration Statement on Form S-1
 File No. 333-286041
 Request for Effectiveness Ladies and
Gentlemen: Reference is made to the Registration Statement on Form S-1 (File No. 333-286041) filed by Lionsgate Studios Corp. (“ New Lionsgate ”) with the U.S. Securities and Exchange Commission (the “ SEC ”) on March 24, 2025, as amended on
March 26, 2025, July 24, 2025 and July 29, 2025 (the “ Registration Statement ”). New Lionsgate hereby
requests the Registration Statement be made effective at 4:00 p.m., Eastern Time, on August 5, 2025, or as soon as possible thereafter, in accordance with Rule 461 promulgated under the Securities Act of 1933, as amended.
 Please contact Fabiola Urdaneta at (212) 403-1121 or FUrdaneta@wlrk.com with any questions you may
have concerning this letter, or if you require any additional information, and please notify her when this request for acceleration of effectiveness of the Registration Statement has been granted.
 [ Signature Page Follows ]

 Very truly yours,

 LIONSGATE STUDIOS CORP.

 By:

 /s/ James W. Barge

 Name:

 James W. Barge

 Title:

 Chief Financial Officer

 cc:
 Bruce Tobey
 Executive Vice President and General Counsel
 Lionsgate Studios Corp. Adrian
Kuzycz Executive Vice President and Associate General Counsel
 Lionsgate Studios Corp. Mark A.
Stagliano Wachtell, Lipton, Rosen & Katz

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<TEXT>
 March 28, 2025

James W. Barge
Chief Financial Officer
Lionsgate Studios Holding Corp.
250 Howe Street, 20th Floor
Vancouver, British Columbia V6C 3R8

 Re: Lionsgate Studios Holding Corp.
 Registration Statement on Form S-1
 Filed March 24, 2025
 File No. 333-286041
Dear James W. Barge:

 This is to advise you that we have not reviewed and will not review your
registration
statement.

 Please refer to Rules 460 and 461 regarding requests for acceleration.
We remind you
that the company and its management are responsible for the accuracy and
adequacy of their
disclosures, notwithstanding any review, comments, action or absence of action
by the staff.

 Please contact Cara Wirth at 202-551-7127 with any questions.

 Sincerely,

 Division of
Corporation Finance
 Office of Trade &
Services
cc: Fabiola Urdaneta
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