The frontloaded worldwide total for Summit Entertainment’s Breaking Dawn Part 2 is $340.9M through today – or $141.3M domestic + $199.6M international. That helped its parent company Lionsgate achieve a first-ever milestone for it at the North American box office – crossing the $1 billion mark ($1.09B). This is also the first time ever that a studio has opened two films – Breaking Dawn Part 2 and The Hunger Games – to over $125M in the same year. And it certainly explains why Lionsgate was so eager to acquire Summit. Now Stephenie Meyer’s Twilight Saga is ending, but Suzanne Collins’ The Hunger Games franchise is still reeling. Francis Lawrence is directing first sequel Catching Fire, now in production and set for a November 2013 release, and has signed to helm the final two installments, Mockingjay Part 1 (November 2014) and Mockingjay Part 2 (November 2015).
Francis Lawrence is seeing through Lionsgate‘s The Hunger Games franchise until the end. The director of the first sequel The Hunger Games: Catching Fire, now in production, has now signed on to helm the final two installments of the series, Mockingjay Part 1 and Mockingjay Part 2, which splits the final book in Suzanne Collins’ trilogy into two films. Danny Strong is writing both Mockingjay pics, and Jennifer Lawrence, Josh Hutcherson and Liam Hemsworth are back to star. The final two movies follow heroine Katniss Everdeen’s journey as she leads the districts of Panem in a rebellion against the tyrannical and corrupt Capitol, and she must decipher for herself who she can trust and what needs to be done, with everything she cares for in the balance.
Lawrence, whose credits include Constantine, I Am Legend and most recently Water For Elephants, replaced Gary Ross at the helm of Catching Fire in April. He was chosen in a race that came down to Lawrence and Moneyball helmer Bennett Miller, after Juan Antonio Bayona couldn’t do it. He is currently wrapping production on the pic with Philip Seymour Hoffman, Jena Malone and Amanda Plummer joining the cast. Lawrence is repped by CAA and 3 Arts.
Lionsgate and Samuel and Victor Hadida’s Metropolitan Filmexport have formalized their relationship with an output deal for France. The two companies have long worked together with Metropolitan releasing all of Lionsgate’s major titles in recent years including The …
Media companies usually don’t crow about the size of their revolving credit facilities. But Lionsgate‘s release today makes it clear that it sees its new deal as a vote of confidence by the banking community in the independent studio’s prospects following its acquisition of Summit Entertainment and success with The Hunger Games. JPMorgan Entertainment Industries Group’s David Shaheen calls it “a testament to the Company’s strong relationships with the financing community and the value of its franchises and filmed entertainment library, and it reflects the significant recent expansion of the Company’s borrowing base.”
The new facility replaces the five-year one due to expire this July. It carries the same interest rate, LIBOR plus 2.5% — which translates to about 3% in today’s low interest rate environment. That should enable the studio to pay down its $436M in high-yield debt which carries a 10% interest rate, potentially resulting in a savings of as much as $30M a year just on interest payments. Big as the Lionsgate facility is, it’s still smaller than Viacom’s $2B facility in 2010 and DreamWorks Animation’s $1B one in 2003.
Here’s the release:
Santa Monica, CA, September 7, 2012- Lionsgate® and the filmmakers of THE HUNGER GAMES: CATCHING FIRE are pleased to announce that Jeffrey Wright has been cast in the role of Beetee in the much anticipated film adaptation of Suzanne Collins’ worldwide smash hit novel Catching Fire. Hailing from District 3, Beetee earns the nickname “Volts” because of his electronics expertise.
Lionsgate announced today that the home entertainment release of the first installment of its blockbuster franchise The Hunger Games was also the largest digital and on demand launch in the Company’s history, generating the biggest first day …
This could be a big boost for the entertainment industry’s streaming initiative, which has been struggling to ignite consumer interest. Lionsgate CEO Jon Feltheimer told analysts in a conference call this morning that the discs, which go on …
Dish Network Loses Fewer Subs Than Expected In Q2.
Dish Network shares are up 1.8% at midday after it disclosed better-than-expected subscriber numbers for the quarter that ended in June. In a press release announcing plans for a debt offering, the satellite company said it wound up with 14.06M customers: That’s down by 10,000 from the previous quarter, with an average monthly churn rate of 1.60%. Wells Fargo analyst Marci Ryvicker says she projected a loss of 119,000 subs and a 1.65% churn rate.
BREAKING … Lionsgate will release two films based on Mockingjay, the third book in Suzanne Collins’ Hunger Games trilogy. The Hunger Games: Mockingjay Part 1 will bow worldwide November 21, 2014, followed by The …
Lionsgate and Summit, companies built on the novel adaptations of The Hunger Games and The Twilight Saga, are staying on their bookish paths. So much so that the combined entity has a hold on the latest New York Times bestseller lists that the company’s betting will turn into box office success down the line. Divergent, written by Veronica Roth, tops the Children’s Paperback books list this week. Lionsgate-Summit’s feature adaptation of the dystopian teen tale, with screenplay by Evan Daugherty, is in pre-production now with plans to start filming later this year. If that proves a hit at theaters, the company also holds rights to the twentysomething author’s sequel Insurgent, which currently sits No. 1 on the Children’s Chapter Books list.