Lionsgate is looking at converting several movies into TV series — including, I’m told, the 2010 action film about a team of mercenaries. It wasn’t on CEO Jon Feltheimer’s list this morning, though, when he briefly discussed synergy plans in a conference call with Wall Street analysts following the company’s release last night of its fiscal Q4 results. Feltheimer says he’s also considering making series from Red and Step Up, film franchises acquired with the recent purchase of Summit Entertainment. Speaking of the deal, Feltheimer noted that Lionsgate’s $500M term loan to fund it “will be paid down on schedule” and its debt will be “significantly reduced.” One of the main reasons for that, of course, is the huge success of The Hunger Games. Due to the timing of the release in March at the end of the studio’s fiscal Q4, about 90% of the profits have yet to be reported. That made Feltheimer confident enough to report that Lionsgate “will generate approximately $900 million in EBITDA over the next three years.”
SATURDAY PM/SUNDAY AM UPDATE: It’s looking like a down box office weekend in the U.S. and Canada with total grosses of $133 million, which is -9% compared to last year’s. Here are Friday’s and Saturday’s numbers with weekend and cume grosses:
1. The Other Guys (Sony) expectedly knocked off Inception as the #1 domestic movie with a right-on-target $13.2 million Friday and $12.6 million Saturday and an estimated $9.8 million today from 3,651 theaters. That was a very big $35.6M opening weekend for the $90M budget buddy cop comedy. Sony Pictures’ summer hit streak (Karate Kid – $173M, Grown Ups – $152M, Salt - $78M) continues with what the studio believes will be another strong performer this weekend. Opening weekend exit surveys showed the gender breakdown for the film skewed male (56%) and somewhat younger with 55% under 25, including 18% under 17.
If the Adam McKay pic had tanked, then Will Ferrell’s career would have tanked with it after Land Of The Lost. But The Other Guys opened as Will’s 2nd biggest pic and 2nd highest with McKay. Together, they’re 3 for 3: Anchorman, Talladega Nights, Step Brothers. The film was helped considerably by Ferrell’s and Mark Wahlberg’s willingness to sell it anywhere and everywhere. ”Our stars did a ton for us — all of the talk shows and lots of print coverage,” a Sony exec told me. “I think the one that really stood out included Will and Mark at Comic-Con where they hosted quite possibly the funniest panel in its history.” (…