Murdoch's News among possible MGM buyers Nov 21, 2009
Lions Gate Entertainment Corp. expressed interest in purchasing MGM at a Nov. 12 conference in New York, and Liberty Media Corp. Chairman John Malone said his company would take a look. It's highly unlikely that we'll make an offer to buy the company,'' Malone said in an interview. (Sydney Morning Herald -- Business)
Movie studio MGM looking for buyer Nov 14, 2009
On Thursday, with rumours swirling of its potential sale, Lions Gate Entertainment Corp. Vice Chairman Michael Burns also said his company was interested in taking a look. They have fantastic franchises like James Bond, they have half of `The Hobbit. (India Times)
Lionsgate Reports Net Income of $31.7 Million and Adjusted EBITDA of $54.4 Million for Second Quarter of Fiscal 2010 Compared to Net Loss of $51.8 Million and Adjusted EBITDA of Negative $35.9 Million in Prior Year's Second Quarter Nov 10, 2009
LIONS GATE ENTERTAINMENT CORP. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET September 30, March 31, 2009 2009 ------------- --------- (Amounts in thousands, except share amounts) ASSETS Cash and cash equivalents $112,652 $138,475 Restricted cash 9,896 10,056 Restricted investments 6,999 6,987 Accounts receivable, net of reserve for returns and allowances of $89,645 (March 31, 2009 - $98,947) and provision for doubtful accounts of $8,667 (March 31, 2009 - $9,847) 231,975 227,010 Investment in... (Yahoo! Wire -- Entertainment News)
Salesforce, Oracle Targeted by Microsoft Nov 5, 2009
Microsoft also announced several new customers for BPOS, including Aon Corp., Hofstra University, Lions Gate Entertainment, McDonald's, Rexel Group, the Swedish Red Cross, and the University System of Ohio. Attempts to contact Google and Salesforce regarding Microsoft's aggressive pricing moves were unsuccessful at press time. (Datamation)
* This Is It leads weekend film ticket sales in US, Canada Nov 3, 2009
6 million for Lions Gate Entertainment Corp. The film follows a serial killer named Jigsaw who kidnaps victims and makes them solve intricate traps to try to survive. Sales for the top 12 films rose 7. (Taipei Times, Taiwan -- World)
Lions Gate to Sell $236M in Debt Offering Oct 17, 2009
Lions Gate Entertainment Corp. said Friday that a subsidiary plans to sell $236 million in a debt offering that the movie production and distribution company will have to repay in 2016. Lions Gate said it expects to close the transaction Wednesday. (ABC News -- Wire)
Lions Gate Announces Pricing of 10.25% Senior Secured Second-Priority Notes Due 2016 Oct 17, 2009
and VANCOUVER, British Columbia, Oct. 16 /PRNewswire-FirstCall/ -- Lions Gate Entertainment Corp. ("Lionsgate," "the Company") (NYSE: - ) announced today that its wholly owned subsidiary Lions Gate Entertainment Inc. ("LGEI") entered into an agreement to sell, subject to certain conditions, $236. 0 million aggregate principal amount of senior secured second-priority notes due 2016 (the "Notes") in a private offering to be conducted pursuant to Rule 144A and Regulation S under the Securities Act... (Yahoo! Wire -- Entertainment News)
Fans Feast On Undead As 'Zombieland' Opens To $25M Oct 6, 2009
Current conditions for local cities. Related Stories/Links. (KFOXTV.com, TX)
`Zombieland' Opens as Top Film in U.S., Canada With $25 Million in Sales Oct 5, 2009
67 million for Lions Gate Entertainment Corp. Pandorum, distributed by Overture Films, posted $1. 92 million in sales in its second week, ranking 12th. (Bloomberg -- US)
Skies clear for no. 1 film 'Chance of Meatballs' Sep 22, 2009
" Warner Bros., $10,464,314, 2,505 locations, $4,177 average, $10,464,314, one week. 3. "Tyler Perry's I Can Do Bad All By Myself," Lionsgate, $9,877,436, 2,255 locations, $4,380 average, $37,749,545, two weeks. 4. "Love Happens," Universal, $8,057,010, 1,898 locations, $4,245 average, $8,057,010, one week. 5. "Jennifer's Body," Fox, $6,868,397, 2,702 locations, $2,542 average, $6,868,397, one week. 6. "9," Focus, $5,563,134, 2,060 locations, $2,701 average, $22,918,077, two weeks. 7.... (The Star Online, Malaysia)
YouTube Moving Toward Paid Content Sep 6, 2009
Google is reportedly negotiating the rental agreements with each studio independently, with the talks farthest along with Lions Gate Entertainment Sony, MGM and Warner Bros. The proposed deals follow similar arrangements movie studios have struck with online services such as Amazon and Apple's iTunes. (SmallBusinessComputing)
Online movie rentals from YouTube? Sep 4, 2009
Discussions were most advanced with Lions Gate Entertainment Corp., Sony Corp.'s movie studio, Time Warner Inc.'s Warner Bros. and Metro-Goldwyn-Mayer Inc., all of which already have ad revenue-sharing deals with YouTube, the people said. (San Francisco Chronicle -- Business)
'YouTube for movies on rental basis' Sep 4, 2009
The report said that YouTube is talking to Lions Gate Entertainment Corp, Sony Corp, Metro-Goldwyn-Mayer Inc and Time Warner Inc's Warner Bros on charging for new titles on the existing YouTube site. In some cases, these titles might be available on the site on the same day they come out on DVD.. (India Times)
YouTube in talks with studios about movie rentals Sep 3, 2009
" onclick="Next();" src="/images/butt_next. " "In some cases, these titles might be available on the site on the same day that they come out on DVD," the newspaper said. It said new movie rentals were likely to cost around US 3.99, the price Apple charges for new movie rentals through iTunes. The Journal said Google plans to test the service on 10,000 of its employees for three months. It said the trial was supposed to start at the beginning of September, but was pushed back as the studio... (Channelnewsasia.com)
'Final Destination' arrives at No. 1 with $28.3M Sep 1, 2009
" Estimated ticket sales for Friday through Sunday at U.S. and Canadian theaters, according to Hollywood.com. Final figures will be released Monday. 1. "The Final Destination," $28.3 million. 2. "Inglourious Basterds," $20 million. 3. "Halloween II," $17.4 million. 4. "District 9," $10.7 million. 5. "G.I. Joe: The Rise of Cobra," $8 million. 6. "Julie ," $7.4 million. 7. "The Time Traveler's Wife," $6.7 million. 8. "Shorts," $4.9 million. 9! . "Taking Woodstock," $3.7 million. 10. "G-Force,"... (Missourian Publishing, MO)
Redbox in deal with Paramount Aug 27, 2009
(AP) Movie studio Paramount Pictures is following the lead of Lions Gate Entertainment Corp. and Sony Corp. by agreeing to supply films to $1-per-night DVD rental kiosk company Redbox. Paramount Home Entertainment Inc. and Oakbrook Terrace-based Redbox, a subsidiary of Bellevue, Wash. (Crain's Chicago Business)
MGM Forms Office of the CEO Aug 19, 2009
The Board continued, "Since he joined MGM in October 2005, Harry has been responsible for substantially growing MGM's existing businesses and leading its expansion into new areas. He has driven important initiatives such as developing our distribution relationship with Fox, reinvigorating MGM's movie production efforts, launching Epix together with Viacom and Lions Gate Entertainment, relaunching the United Artists brand with new films, rebuilding MGM's worldwide television distribution, and... (Yahoo! Wire -- Entertainment News)
'District 9' Lifts Off With No. 1 Weekend At $37M Aug 17, 2009
District 9' Lifts Off With No. 1 Weekend At $37M - Entertainment News Story - KPRC Houston. Live Cameras, Conditions. (Click2Houston, TX)
Local popularity of Redbox growing Aug 16, 2009
Two other studios, Lions Gate Entertainment Corp. and Sony Corp., have opted to ride the Redbox bandwagon. They announced that their films will be made available immediately. (Hanford Sentinal, CA)
Warner Bros. to impose delay on Redbox, others Aug 15, 2009
Lions Gate Entertainment Corp. agreed Tuesday to make its films available to Redbox for five years, aligning it with Sony Corp. s movie studio, which last month cut a similar deal. Redbox President Mitch Lowe said in a statement the kiosk will continue to provide convenient, affordable access to new release DVDs from all studios including Warner Bros. (Ontario Argus Observer, OR)
Hollywood vs. Redbox Aug 13, 2009
Lions Gate Entertainment () has also agreed to supply new releases to Redbox over five years for $158 million. Redbox CEO J. Mitchell Lowe says his machines continue to stock films from all studios, including Fox and Universal, even if his employees occasionally have to buy new releases from traditional retailers. (BusinessWeek)
Redbox sues Fox for dawdling over DVDs Aug 13, 2009
Lions Gate Entertainment Corp. agreed Tuesday to make its films available immediately. The deal followed Sony Corp.'s agreement to provide its movies for kiosks, as long as Redbox destroyed copies after their rental lives ended rather than sell them as "previously viewed." Because Redbox's used-disc purchase price of $7 is generally lower than what Blockbuster Inc. and others charge, the studios worried that fewer people will want to buy new copies at regular prices, typically $15 or higher. (Crain's Chicago Business)
Lions Gate cuts deal to supply DVDs to Redbox Aug 12, 2009
LOS ANGELES Lions Gate Entertainment Corp. became the latest movie studio to agree to supply $1-per-night DVD rental kiosk company Redbox, but the move still leaves Hollywood divided over the cheap rental service. More business news. (Atlanta Journal-Constitution -- World)
Lionsgate Reports Net Income of $36.3 Million and Adjusted EBITDA of $53.0 Million for First Quarter of Fiscal 2010 Aug 11, 2009
LIONS GATE ENTERTAINMENT CORP. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET June 30, March 31, 2009 2009 ---- ---- (Amounts in thousands, except share amounts) ASSETS Cash and cash equivalents $114,669 $138,475 Restricted cash 9,895 10,056 Restricted investments 6,987 6,987 Accounts receivable, net of reserve for returns and allowances of $98,641 (March 31, 2009 - $98,947) and provision for doubtful accounts of $10,132 (March 31, 2009 - $9,847) 201,078 227,010 Investment in films and... (Yahoo! Wire -- Entertainment News)
Hollywood studios bring films to web Aug 9, 2009
That comes thanks to the three parent companies of Epix: Viacom Inc's Paramount film studio, Lions Gate Entertainment Corp and MGM. In putting together Epix, the companies hope to compete with Time Warner Inc's HBO and CBS Corp's Showtime in the premium movie channel business. But they added a twist. (India Times)
Epix Pay Channel to Show Samuel Goldwyn Films Aug 6, 2009
Paramount parent Viacom Inc. owns 42 percent of the venture, while Lionsgate owner Lions Gate Entertainment Corp. and Metro-Goldwyn-Mayer Inc. each own 28. 6 percent. (ABC News -- Wire)
Hilton to expand in Arab world by unintelligible language Jun 4, 2009
Lions Gate Entertainment Corp will distribute the show internationally, and the program will likely air in the Arab countries and possibly in the U.S. on cable channel MTV or on the TV Guide Network, which is owned by Lions Gate. Hilton wants to expand her brand in the Arab world, said Hirschorn, adding that the plan is to build "My New BFF" into a global franchise. (Xinhuanet, China)
Lions Gate Posts Larger-Than-Expected 4Q Loss Jun 2, 2009
Lions Gate Entertainment Corp., the movie studio behind the "Saw" horror franchise, said Monday it posted a larger-than-expected loss for its fiscal fourth quarter, though revenue came in better than forecast. The company, based in Santa Monica, Calif. (ABC News -- Wire)
'Up' opens with $68.2M Jun 2, 2009
and New Line are units of Time Warner Inc.; MGM is owned by a consortium of Providence Equity Partners, Texas Pacific Group, Sony Corp., Comcast Corp., DLJ Merchant Banking Partners and Quadrangle Group; Lionsgate is owned by Lions Gate Entertainment Corp.; IFC Films is owned by Rainbow Media Holdings, a subsidiary of Cablevision Systems Corp.; Rogue Pictures is owned by Relativity Media LLC; Overture Films is a subsidiary of Liberty Media Corp.. . (Atlanta Journal-Constitution)
'Night at the Museum,' 'Terminator' top box office May 29, 2009
and New Line are units of Time Warner Inc.; MGM is owned by a consortium of Providence Equity Partners, Texas Pacific Group, Sony Corp., Comcast Corp., DLJ Merchant Banking Partners and Quadrangle Group; Lionsgate is owned by Lions Gate Entertainment Corp.; IFC Films is owned by Rainbow Media Holdings, a subsidiary of Cablevision Systems Corp.; Rogue Pictures is owned by Relativity Media LLC; Overture Films is a subsidiary of Liberty Media Corp.. A service of the Associated Press(AP). (Hanford Sentinal, CA)
Yachts Land at Cannes Sans Buyers as Filmmakers Court Scarce Distribution May 14, 2009
In February, Lions Gate Entertainment Corp. said Pride Pictures LLC wont participate in three films. Heath Ledger Film. (Bloomberg)
BUSINESS BRIEFS May 6, 2009
Carl Icahn's 325 mil lion bid for convertible bonds issued by Lions Gate Entertainment failed to attract many takers. Lions Gate bond holders sold about 583,000 face amount of the debt, according to a Monday SEC filing. (New York Post -- Business)
Disney joins NBC and News Corp. with Hulu stake May 5, 2009
It recently launched a "Shows" section with older movies and TV episodes from partners Sony Corp., Lions Gate Entertainment Corp., CBS Corp., Metro-Goldwyn-Mayer Inc. and Liberty Media Corp. ... Lions Gate Entertainment Corp. (Yahoo News -- Technology)
The Last Action Hero Apr 17, 2009
Still from Crank: High Voltage Lions Gate Entertainment. All rights reserved. (Slate)
Lions Gate Says Icahn's Move Could Risk Default Mar 27, 2009
LOS ANGELES (Reuters) - Billionaire investor Carl Icahn said he has not spoken recently with Lions Gate Entertainment Corp , which on Thursday warned a change in control of the company could cause a debt default for the studio that has become a focus of Icahn's hostile overtures. Icahn, who controls 14. (ABC News -- Wire)
Lionsgate Board of Directors Expresses No Opinion and Remains Neutral Toward Icahn's Unsolicited Debt Tender Offer Mar 27, 2009
Press Release Source: Lions Gate Entertainment Corp. ... and VANCOUVER, British Columbia, March 26 /PRNewswire-FirstCall/ -- Lions Gate Entertainment Inc. ("Lionsgate"), a wholly-owned subsidiary of Lions Gate Entertainment Corp. (NYSE: - ), a leading next generation studio, announced today that its Board of Directors has determined that it expresses no opinion and remains neutral toward the unsolicited tender offer by Icahn Partners LP, Icahn Partners Master Fund LP, Icahn Partners Master Fund... (Yahoo! Wire -- Entertainment News)
MHR announces filing of updated early warning report in connection with holdings of common shares of Lions Gate Entertainment Corp. Mar 18, 2009
NEW YORK, March 18 /CNW/ - On March 18, 2009, MHR Fund Management LLC ("MHR") announced that it intends to file an updated early warning report with applicable Canadian securities regulators in respect of holdings of common shares ("Common Shares") in the capital of Lions Gate Entertainment Corp. (trading symbol "LGF" on the New York Stock Exchange) ("Lions Gate"). Investment funds affiliated with MHR currently collectively hold 23,165,278 Common Shares, representing approximately 19. (Canada Newswire)
Lions Gate Hires Team to Fend off Icahn: Sources Mar 18, 2009
LOS ANGELES (Reuters) - Lions Gate Entertainment Corp has hired an advisory team, including investment bank Morgan Stanley and the law firm Wachtell, Lipton, Rosen and Katz, to launch a defense against financier Carl Icahn, according to two people with knowledge of the matter. Icahn, who controls 14. (ABC News -- Wire)
Icahn Announces Pricing Terms of Tender Offer for Lions Gate's Convertible Senior Subordinated Notes Mar 18, 2009
NEW YORK, March 17 /PRNewswire/ -- Carl C. Icahn announced today that his affiliated entities will commence shortly the previously announced offer to purchase for cash any and all of the $150,000,000 aggregate principal amount of Lions Gate Entertainment Inc.'s 2. 9375% Convertible Senior Subordinated Notes due 2024, at a price of $750 for each $1,000 of principal amount of such notes tendered, and any and all of the $175,000,000 aggregate principal amount of Lions Gate Entertainment Inc.'s 3. (Yahoo! Wire -- Entertainment News)
Icahn Offers to Buy Lions Gate Debt at Premium Mar 18, 2009
Billionaire investor Carl Icahn on Tuesday has priced his offer to buy up to $325 million in debt owed by Lions Gate Entertainment Corp., a move that could increase his influence over the boutique movie studio. Icahn has amassed 14. (ABC News -- Wire)
Icahn not seeking stake boost in bond offer Mar 14, 2009
LOS ANGELES -- Billionaire investor Carl Icahn said Friday his offer to buy convertible bonds in Lions Gate Entertainment Corp. is not for the purpose of boosting his equity stake in the boutique movie studio. His offer Thursday to buy up to $325 million in debt would give him the power to convert it into 24. (Fresno Bee -- Business)
Icahn Says He Has No Plans to Shop Lions Gate Mar 13, 2009
LOS ANGELES (Reuters) - Activist investor Carl Icahn said he has no plans to push for a sale of Lions Gate Entertainment Inc in the current environment, but criticized the Hollywood studio's expenses for being too high and called its purchase of TV Guide "reckless.". The billionaire investor, who controls 14. (ABC News -- Wire)
`Blart' Laughs, `Slumdog' Happy Ending Drive Recession's Box-Office Surge Feb 28, 2009
Madea, from Lions Gate Entertainment Corp., took in $41 million its opening weekend. It may drop to $18. (Bloomberg)
Icahn Buys More Lions Gate Shares Feb 26, 2009
Billionaire activist investor Carl Icahn bought up another 200,000 shares in boutique movie studio Lions Gate Entertainment Corp. on Wednesday, boosting his stake to 14. 5 percent, a filing showed. (ABC News -- Wire)
Icahn Eyes Lions Gate Board Feb 24, 2009
After months of building a stake in film and TV studio Lions Gate Entertainment (), which produces TV shows like. Mad Men. (BusinessWeek)
Brace yourself for some ugly fourth-quarter earnings Feb 11, 2009
Shares of Lions Gate Entertainment plunged 26. 8 per cent, the biggest drop in more than a decade, after the film studio posted a fiscal third-quarter loss of 81 cents (U.S.) a share, which was far worse than the average analyst estimate for a loss of 28 cents. (Globe and Mail -- Business)
Lionsgate Reports Revenues of $324.0 Million for Third Quarter of Fiscal 2009, Up 8% From Prior Year's Third Quarter; Net Loss of $93.4 Million Compared to Net Income of $7.3 Million in Prior Year's Third Quarter Feb 10, 2009
LIONS GATE ENTERTAINMENT CORP. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS December 31, March 31, 2008 2008 ---- ---- (Unaudited) (Amounts in thousands, except share amounts) ASSETS Cash and cash equivalents $130,713 $371,589 Restricted cash 17,000 10,300 Restricted investments 7,000 6,927 Accounts receivable, net of reserve for video returns and allowances of $79,581 (March 31, 2008 - $95,515) and provision for doubtful accounts of $9,966 (March 31, 2008 - $5,978) 178,645 260,284 Investment... (Yahoo! Wire -- Entertainment News)
Manulife reports on fourth quarter, Thursday Feb 8, 2009
Lions Gate Entertainment Corp. reports. Analysts expect a third-quarter loss of 20 cents (U.S.) a share, compared with a profit of 2 cents a year ago. (Globe and Mail -- Business)
