Saturday, July 11, 2020

LIONSGATE: ITS CUP RUNNETH OVER

August 12, 2010 by · Leave a Comment 

This is turning out to be quite a week for Lionsgate. On Tuesday, the company reported a $64-million loss for its fiscal first quarter. On Wednesday, activist investor Carl Icahn extended his offer to investors to tender their stock to him at $6.50 per share. The new deadline is Oct. 22. Also on Wednesday it was reported that Lionsgate’s Kick-Ass became the top-selling DVD and Blu-ray disc last week. Home Media Magazine reported on its website that the film tied Avatar‘s record in Blu-ray percentage sales (49 percent) for a No. 1 release this year. And on Friday, the studio opens The Expendables with Sylvester Stallone, with industry analysts predicting that it will top the box office.