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Lionsgate Shares Close At Highest Level Ever Helped By ‘Twilight Saga’

By DAVID LIEBERMAN, Executive Editor | Thursday November 29, 2012 @ 4:13pm PSTTags: Lionsgate Stock

How long will the joyride continue? Lionsgate’s stock closed today +1.6% to $16.86, exceeding the previous record of $16.68 that it reached on November 9. While that’s the company’s best closing price, it’s still shy of the intra-day high of $17.02 that it hit on November 1. But execs at the independent studio have no reason to complain. Investors remain dazzled by Lionsgate’s string of successes this year including The Twilight Saga: Breaking Dawn Part 2, which has generated $227M at domestic box offices in its first two weeks. Lionsgate and Summit, acquired early this year, account for about 12.2% of the domestic box office so far this year, up from 5.8% for the two in the same period in 2011. And the company’s shares have appreciated nearly 111% in 2012.

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Carl Icahn Says Of His Lionsgate Sale: “You Can’t Win ‘Em All”

By DAVID LIEBERMAN, Executive Editor | Tuesday March 27, 2012 @ 1:37pm PDTTags: Carl Icahn, Lionsgate, Lionsgate Stock, The Hunger Games

The billionaire activist investor would have been $345M richer if he had held on to his Lionsgate stock — which closed today at $14.22 per share — instead of selling the bulk of his holdings late last year for … Read More »

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Lionsgate And Exhibition Stocks Poised To Pop After Huge ‘Hunger Games’ Opening

By DAVID LIEBERMAN, Executive Editor | Monday March 26, 2012 @ 4:43am PDTTags: Lionsgate, Lionsgate Stock, Movie Theaters, The Hunger Games

UPDATE, 6:30AM: Lionsgate shares are up around 3.8% in pre-market trading and are about +4.2% on the Paris stock exchange. For exhibition companies, Hunger Games’ $155M domestic opening buttresses the case that box office sales are back in 2012. … Read More »

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Lionsgate Shares Continue To Roar Ahead of ‘Hunger Games’

By DAVID LIEBERMAN, Executive Editor | Tuesday March 20, 2012 @ 2:06pm PDTTags: Lionsgate, Lionsgate Stock, The Hunger Games

Lionsgate Hunger Games StockAnother day, another record closing stock price for Lionsgate. Investors are licking their chops over the expected blockbuster ticket sales for The Hunger Games, which opens Friday. That propelled company shares +7.2% today to $15.28. It … Read More »

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Lionsgate Calms Investors With Talk About Charlie Sheen, ‘Hunger Games’ And ‘Twilight’

By DAVID LIEBERMAN, Executive Editor | Friday February 10, 2012 @ 8:15am PSTTags: Anger Management, Lionsgate, Lionsgate Stock, The Hunger Games, Twilight

Based on this morning’s nearly 6%-plus pop in Lionsgate’s share price, you’d never know how badly the company’s fiscal Q3 report released last night fell short of analyst forecasts. The market is forward looking, though, and Lionsgate execs filled their morning conference call with upbeat talk about their movie and TV plans. CEO Jon Feltheimer has high hopes for Charlie Sheen’s upcoming series on FX, Anger Management. The first 10 episodes begin production March 19. If they do well, then it “will be one of our most profitable series ever,” Feltheimer says, adding that Sheen ”resonates with audiences around the world.” The company expects to have Anger Management double run in syndication much earlier than usual, and to have repeats on FX within 2 1/2 years. “We would be shooting it about twice as fast as you’d typically shoot a network show,” Feltheimer said. Now that its acquisition of Summit Entertainment has closed, the company is also cheering tonight’s home video release of Twilight Saga: Breaking Dawn Part 1; the second-to-last Twilight installment will be out earlier than usual to coincide with Valentine’s Day. Lionsgate expects it to sell about as well as the previous film from the series, Twilight Saga: Eclipse. Many stores, including several Walmarts, will stay open past midnight to accomodate fans who can’t wait. Trailers for Twilight Saga: Breaking Dawn 2 will debut at showings of The Hunger Games beginning on its opening night. Not surprisingly, Lionsgate co-chair Rob Friedman says that if author Stephenie Meyer wants to write another Twilight installment, then “we’ll be there to support her.” Read More »

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Lionsgate Blames Theatrical Film Woes For Fiscal 2Q Earnings Miss

By DAVID LIEBERMAN, Executive Editor | Wednesday November 9, 2011 @ 4:43am PSTTags: Abduction, Blue Mountain State, Boss, Conan the Barbarian, Epix, Jon Feltheimer, Lionsgate, Lionsgate Finance, Lionsgate Stock, Mad Men, Netflix, The Wendy Williams Show, TV Guide Network, Warrior, Weeds

The film and TV company had a net loss of $24.6M, an improvement from its $29.7M loss in the quarter last year, on revenues of $358.1M, down 21.5%. That revenue figure was far below the $421.5M that analysts expected. And the net loss, at 18 cents a share, was below the 13 cent loss the Street had forecast. The bottom line could have looked even worse: Lionsgate included the $11.0M it collected from its sale of Maple Pictures. The company also was able to add $6.1M from its 31.2% stake in EPIX vs a $19.8M loss from last year’s quarter. Lionsgate says that it suffered from “underperformance of theatrical films in the quarter” — where releases included the Conan The Barbarian remake, Warrior, and Abduction – as well as “timing of DVD releases which offset gains in the Company’s television and digital businesses.” The movie operation generated $218.9M in revenues, down 36%. Read More »

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Carl Icahn Sells Block Of Lionsgate Stock

By NIKKI FINKE, Editor in Chief | Thursday October 20, 2011 @ 3:37am PDTTags: Carl Icahn, Lionsgate, Lionsgate Stock

Here’s still more evidence that Carl Icahn is getting out of Lionsgate’s hair. The studio’s stock price spiked after the market closed Wednesday when a big block of 3 million shares traded. I’m told the block was Icahn’s, and the … Read More »

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Carl Icahn Buys More Lionsgate Stock; Does He Plan Another Run?

By DAVID LIEBERMAN, Executive Editor | Friday August 12, 2011 @ 3:05pm PDTTags: Carl Icahn, Carl Icahn Shares, Lionsgate, Lionsgate Stock

Billionaire Carl Icahn bought 702,877 shares of Lionsgate this week, raising his stake in the movie and TV studio about 0.5% to 33.1%, he says in an SEC filing today. What appears to be his first purchase of the … Read More »

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Carl Icahn Extends Lionsgate Share Offer

By MIKE FLEMING JR | Friday November 12, 2010 @ 12:59pm PSTTags: Carl Icahn, Carl Icahn Lionsgate, Carl Icahn Lionsgate Share Offer, Carl Icahn MGM, Carl Icahn MGM Debt, Carl Icahn Shares, Lionsgate, Lionsgate Finance, Lionsgate MGM, Lionsgate Stock, Lionsgate Tender Offer, Movies
Mike Fleming

Though Carl Icahn’s attempt to take control of Lionsgate was dealt a setback recently by a Supreme Court judge in British Columbia who dismissed Icahn’s lawsuit to stop a Lionsgate de-leveraging move that pushed his 38% stake down to 33.5%, … Read More »

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Lionsgate Spurns Latest Carl Icahn Offer

By MIKE FLEMING JR | Wednesday September 8, 2010 @ 5:47pm PDTTags: Carl Icahn, Carl Icahn Proxy Fight, Carl Icahn Tender Offer, Kick-Ass, Lionsgate, Lionsgate Carl Icahn, Lionsgate Finance, Lionsgate Stock, The Expendables, The Last Exorcism
Mike Fleming

Lionsgate has recommended to shareholders that they spurn Carl Icahn’s latest offer to pay $7.50 for outstanding shares. The company just filed its Schedule 14D-9 Report. The report described a September 7 meeting of the board of directors, which unanimously rejected the offer and voted to recommend that shareholders do … Read More »

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Lionsgate Reports Net Q1 Loss Of $64M; Blames Underperformance Of ‘The Killers’; Spent $30.6 Million Fighting Off Carl Icahn

By NIKKI FINKE, Editor in Chief | Monday August 9, 2010 @ 5:18pm PDTTags: Carl Icahan Hostile Takeover, Carl Icahn, Lionsgate, Lionsgate Finance, Lionsgate Stock, Mandate Pictures

Earnings season has produced better-than-expected results at the major studios and networks with only Disney left to report tomorrow. (Watch for Deadline’s full summary.) But Lionsgate just reported bad news when Carl Icahn is breathing down its neck for that … Read More »

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Canada Sides With Lionsgate Over Icahn

By NIKKI FINKE, Editor in Chief | Wednesday July 28, 2010 @ 7:49pm PDTTags: Carl Icahn, Carl Icahn Canadian Petition, Carl Icahn Lionsgate Lawsuit, Lionsgate Carl Icahn, Lionsgate Hostile Takeover, Lionsgate Stock

The British Columbia Securities Commission dismissed Carl Icahn’s request for that cease trade order against Lionsgate. (Icahn Files Lawsuit Against Lionsgate Board.) The film/TV studio fending off his hostile takeover said it was “pleased”.

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Lionsgate Suddenly Dilutes Icahn Holdings

By NIKKI FINKE, Editor in Chief | Tuesday July 20, 2010 @ 1:44pm PDTTags: Carl Icahn, Carl Icahn Proxy Fight, Carl Icahn Tender Offer, Lionsgate, Lionsgate Carl Icahn, Lionsgate Deleveraging Transaction, Lionsgate Finance, Lionsgate Hostile Takeover, Lionsgate Stock, Lionsgate Stockholders, Lionsgate Tender Offer, Wall Street

Ceasefire Ends; Lionsgate Ponders Icahn’s $6.50 A Share Bid

So now Carl Icahn owns only 33.5% of the film and TV studio, and not the 37.9% he had as of yesterday. Nasty, nasty, nasty. Though it is interesting … Read More »

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Lionsgate Stock Jumps As Joins Russell 2000; Icahn Slams Lionsgate-MGM Merger

By NIKKI FINKE, Editor in Chief | Friday June 25, 2010 @ 4:14pm PDTTags: Carl Icahn, Lionsgate, Lionsgate Hostile Takeover, Lionsgate MGM Merger, Lionsgate Stock, Wall Street

icahn lgAnother day, another brawl between Lionsgate and its biggest shareholder Carl Icahn as he attempts a hostile takeover of the studio. Today, he gave an interview to Dow Jones newswire saying he wouldn’t rule out supporting a merger between … Read More »

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