Proactiveinvestors recommends
Additional Information
Market: NYSE
Sector: Broadcasting & Entertainment
EPIC: LGF
Latest Price: 28.14  (1.52% Ascending)
52-week High: 29.49
52-week Low: 12.82
Market Cap: 3,834.00M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Lions Gate Entertainment
www.lionsgate.com
Lions Gate Entertainment Corp. (Lionsgate) is a global entertainment company with a diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution and new channel platforms.
Full Lions Gate Entertainment profile here
Pdf

Lions Gate roars with "Hunger Games" $155 mln opening weekend

26th Mar 2012, 7:47 am by Joyanta Acharjee
Lions Gate roars with 'Hunger Games' $155 mln opening weekend

Lion Gate Entertainment (NYSE:LGF) stock rose in premarket trading Monday in the wake of a record $155 million opening weekend for its post-apocalyptic teen movie "The Hunger Games".

Shares in the movie company were up 9 percent in premarket trading to $14.53.

Positive anticipation for the film, along with the January acquisition of Summit Entertainment, has lifted Lions Gate shares by 75 percent this year. Lions Gate, is based in Vancouver but and run from Santa Monica, California.

The move, which cost $80 million to make, concerns teenagers battling to the death on live television, is based on a series of
young adult novels written by Suzanne Collins and published by Scholastic Corp. (NASDAQ:SCHL).

It opened in 4,137 theaters. The sales total marked the third-largest weekend ever, behind 2011’s "Harry Potter and the Deathly Hallows: Part 2" and 2008’s "The Dark Knight".

Box office analysts estimated "The Hunger Games" would earn $125 million to $135 million, having raised earlier forecasts as it gained buzz.

Prior to the weekend opening, Lions Gate's top-performing domestic release was Michael Moore's documentary "Fahrenheit 9/11", which collected $119.1 million in the US and Canada during its entire run in theaters.

A marketing campaign associated with the movie included a special edition of People magazine, an eight-city mall tour by the
movie's stars, and ticket giveaways on websites.

At least 6,000 US weekend shows sold out in advance and more than 450 showings of "Hunger Games" are already sold out for this week, according to box office sites.

The movie's success is in stark contrast to Walt Disney's (NYSE:DIS) big-budget sci-fi adventure "John Carter", which collected $5 million in its third weekend. Disney announced last week that the film would lose an estimated $200 million and lead to a second-quarter operating loss of as much as $120 million at the company’s film unit.

No investment advice


Proactive Investors North America Inc, trades as "Proactiveinvestors USA & Canada".


You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.


You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.


From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.


You understand that we may be providing advertising and/or marketing services to companies mentioned on the site. A full list of companies that are paying for services from us, or our affiliated companies in the UK and Australia can be viewed here