Saturday, December 15, 2018

HUNGER GAMES: CATCHING FIRE CATCHES FIRE, SETS RECORD

November 24, 2013 by · Leave a Comment 

We have another record. Lionsgate’s The Hunger Games Catching Fire has become the biggest November opener ever domestically with an estimated $161.13 million in ticket sales, coming in right on target (no pun intended). Most analysts had predicted an opening in the $150-170-million range, although a few had hesitantly advanced the possibility of its earning […]

ICAHN’S LIONSGATE EXODUS COST HIM MORE THAN $500 MILLION

January 3, 2013 by · Leave a Comment 

It may go down as corporate raider Carl Icahn’s biggest miscalculation: his decision in 2011 to sell his 33-percent stake in Lionsgate at $7.00 a share after his failed takeover attempt. On Wednesday Lionsgate shares hit an all-time high of $16.88 on the NYSE, at one point hitting $17.08. The 3-percent gain came after B. […]

MOVIEGOERS SPEND LESS ON EXPENDABLES THAN EXPECTED

August 21, 2012 by · Leave a Comment 

Many box office pundits had predicted that The Expendables 2 would earn significantly more than the $34.8 million that the original raked in in its debut two years ago, with many forecasting a haul in the neighborhood of $35-40 million. It didn’t turn out that way. The film actually earned $28.6 million, certainly indicating that […]

MOVIE REVIEWS: THE EXPENDABLES 2

August 17, 2012 by · Leave a Comment 

Given the surprising success of the original The Expendables, Lionsgate quickly ordered a sequel, and voilá, just two years later, here it is — and it’s nabbing more favorable reviews than its predecessor. Mind you, most of those reviews appear to be written reluctantly. Neil Genzlinger in the New York Times, for example, remarks that […]

ICAHN GETS OUT OF THE MOVIE BUSINESS

August 1, 2012 by · Leave a Comment 

There was a time when maverick investor Carl Icahn actively backed a merger of Lionsgate and MGM. At the time he was a major stockholder in both companies. But he eventually sold his shares in Lionsgate at a significant loss, just before the studio came roaring back with a series of moneymakers, including The Hunger […]

AN END OF HUNGER WON’T COME UNTIL 2015

July 10, 2012 by · Leave a Comment 

Suzanne Collins’s Hunger Games adventure books may only have been a trilogy (The Hunger Games, Catching Fire, and Mockingjay) But producers of the movies said today (Tuesday) that they’re turning the series into a quadrilogy by breaking the final book, Mockingjay, into two parts. While no sequel is planned for this year, Lionsgate has set […]

FOR LIONSGATE, A LOSS NOW, PROFITS LATER

May 31, 2012 by · Leave a Comment 

In Hollywood’s latest variant of “it takes money to make money,” Lionsgate, which produced The Hunger Games, one of the biggest hits of the year, reported a loss of $22.7 million in its fourth quarter ended March 31, due in large part to the costs involved in promoting and marketing the film. It also cited […]

DIRECTOR ROSS WALKS AWAY FROM HUNGER GAMES SEQUEL

April 11, 2012 by · 1 Comment 

The Hunger Games director Gary Ross stunned fans of the Lionsgate franchise Tuesday by announcing that he will not direct the second film in the trilogy, Catching Fire, which is scheduled to begin shooting in August. It is set to open on Thanksgiving weekend next year. “I simply don’t have the time I need to […]

HUNGER GAMES EARNS $10.35 MILLION ON TUESDAY

March 29, 2012 by · Leave a Comment 

There was no let-up in demand for tickets for The Hunger Games on Tuesday. For the second weekday in a row sales topped $10 million. ($10.82 million on Monday, $10.35 million on Tuesday.) The film opened to strong but not overwhelming business overseas, with the U.K. leading the pack with $7.80 million. That made it […]

ICAHN ON HIS LIONSGATE DEBACLE: “YOU CAN’T WIN ‘EM ALL”

March 28, 2012 by · Leave a Comment 

Carl Icahn, who dumped nearly all his shares of Lionsgate last August for about $7 per share, only to see it rise to more than double that amount in recent days following the success of Lionsgate’s The Hunger Games, has waxed philosophical about his unlucky move, which cost him $345 million. Icahn, who at one […]

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