lionsgate
Lionsgate, Warner Bros. Discovery Among Top Hollywood Stock Gainers in First Quarter
Lionsgate, Warner Bros. Discovery and Paramount Global were among the hit Hollywood stocks of the first quarter of 2023, shaking off investor concerns about such industry challenges as record cord-cutting, getting streaming businesses to profitability and economic clouds darkening the advertising outlook, as well as recent stock market volatility due to the collapse of banks. […]
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‘John Wick 5’ Back on the Table After Box Office Blowup
[The following story contains spoilers for John Wick: Chapter 4.] Yeah, Lionsgate is thinking John Wick is back. John Wick: Chapter 4 had widely been expected to be the final installment in the main action franchise, but a fifth film is back on the table after the latest movie’s astonishing opening at the global box […]
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Lionsgate Dealmakers Michael Burns, Brian Goldsmith Extend Contracts
Lionsgate vice chair Michael Burns has extended his employment agreement with the Hollywood studio for another year through Oct. 2024, while fellow dealmaker COO Brian Goldsmith has entered into a new multi-year contractual deal. On Friday, in a securities filing, Lionsgate said the board of directors agreed on Feb. 28 that the studio will exercise […]
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Starz Unveils Bundling With MGM+ on Prime Video in U.S. Market
Starz has announced it has teamed up with Amazon to bundle MGM+ on Prime Video in the U.S. market. The subscription bundle price will be set at $11.99 per month, or a 20 percent discount to the combined price of both standalone subscriptions. The deal also comes a Starz parent Lionsgate looks to make the […]
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Berlin: Jordana Brewster, Scott Speedman, Laurence Fishburne to Accept ‘The Offer’ for Lionsgate (Exclusive)
Jordana Brewster, of Fast and Furious franchise fame, Scott Speedman (Crimes of the Future), Laurence Fishburne (The Matrix) and Addison Timlin (Fallen) are teaming up for thriller The Offer, with Lionsgate having acquired worldwide sales rights, The Hollywood Reporter can reveal. The film — from director Vaughn Stein (Terminal, Inheritance), working from a screenplay by Sam […]
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Former Twitter Exec Briana McElroy Lands at Lionsgate Film Group
Former Twitter exec Briana McElroy has been named head of worldwide digital marketing for the Lionsgate Motion Picture Group. McElroy most recently served as global client lead, media and entertainment at Twitter, where she oversaw partnerships with Warner Bros. Discovery and The Walt Disney Company. Before Twitter, she was director of digital marketing at Warner […]
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Guy Ritchie’s ‘Operation Fortune: Ruse de Guerre’ Gets Release Date
Lionsgate will release Guy Ritchie’s action-comedy Operation Fortune: Ruse de Guerre domestically on March 3. The film, previously titled Five Eyes, stars Jason Statham, Hugh Grant, Aubrey Plaza, Josh Hartnett, Cary Elwes and Bugzy Malone. It will hit theaters opposite Michael B. Jordan’s Creed 3. Operation Fortune, co-financed by Miramax and STX Entertainment, has Statham playing super […]
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Lionsgate Takes Guy Ritchie’s World War II Actioner ‘The Ministry’ for U.S., Amazon for International
Berlin’s European Film Market hasn’t even started yet, but the first big EFM deal has been announced. Lionsgate and Amazon have joined forces to buy up rights for most of the world for Guy Ritchie’s upcoming World War II action movie, The Ministry of Ungentlemanly Warfare. Lionsgate has secured U.S. distribution rights to The Ministry, […]
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Berlin: Mike Colter to Star in ‘Plane’ Sequel ‘Ship’
Mike Colter has jumped on board Ship, the sequel to the original Lionsgate thriller The Plane. The follow-up, set on a cargo ship, will focus on Colter’s character from Plane, accused murderer and former French Legionnaire Louis Gaspare. In the original pic, he escaped extradition to Canada when Trailblazer Flight 119 crash lands in the […]
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Lionsgate Stock Pops On Earnings Beat, Spin Off Plan
Stock in Lionsgate shot up 25 percent on Friday after the Hollywood media giant posted a third-quarter earnings beat and strong content licensing by its studio ahead of a planned separation from Starz. Shares in the major studio jumped $2.09 to $10.34 at the close of financial markets as Wall Street analysts look beyond current […]
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Lionsgate Takes $80M Content Write-Down As TV, Film Library Makes Revenue Gains
Lionsgate has released its third quarter financial results while exploring a possible sale or spinoff of the premium cable and streaming platform Starz or its studio business. The studio swung to a third quarter net income at $16.6 million, against a year-earlier loss of $45.6 million, on overall revenue rising to $1 billion, compared to […]
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Lionsgate’s Debt Rating Cut to Negative By Credit Agency
Credit rating agency Fitch has cut Lionsgate’s debt rating to “negative,” from “stable,” which means further revisions are possible. Fitch also affirmed the studio’s long-term debt issuer rating at B, even as an analyst cited the Hollywood studio facing steep content costs for its linear TV and streaming platforms and “Fitch’s uncertainty about the performance […]
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