This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

LIONSGATE GROSSES OVER A BILLION DOLLARS AT THE DOMESTIC BOX OFFICE AND ANOTHER BILLION DOLLARS INTERNATIONALLY FOR THE SECOND YEAR IN A ROW

SANTA MONICA, Calif., and VANCOUVER, British Columbia, Dec. 23, 2013 /PRNewswire/ -- Lionsgate (NYSE: LGF), a leading global entertainment company, has grossed more than $1 billion at the domestic box office and another $1 billion-plus at the international box office for calendar 2013 to date, the Company announced today.  Lionsgate is the only studio other than the traditional majors to break the $1 billion mark at the domestic box office in a single year, a feat it has now accomplished two years in a row.

(Logo: http://photos.prnewswire.com/prnh/20130919/LA83194LOGO)

Led by the second installment of Lionsgate's global blockbuster Hunger Games franchise, The Hunger Games: Catching Fire, and Summit's sleeper smash Now You See Me, the Company grossed an estimated $1.025 billion at the domestic box office through Sunday, December 22, and another $1.227 billion at the international box office for a worldwide box office total of approximately $2.252 billion.  Lionsgate again ranks among the top six studios with domestic box office market share of nearly 10% for the year to date.

The Hunger Games: Catching Fire has already grossed an estimated $372 million domestically, the second highest-grossing film of 2013, and $393.6 million internationally for a total of $765.6 million worldwide in its first five weeks of release, already outperforming the entire worldwide run of the first Hunger Games film ( $691 million).  Now You See Me has grossed $354 million worldwide ( $118 million domestically, $236 million internationally).

"Our strong box office performance for the second year in a row, domestically and internationally, underscores the consistency of our film slate and is a testament to the tireless efforts of our entire motion picture team," said Lionsgate Chief Executive Officer Jon Feltheimer and Vice Chairman Michael Burns.  "We continue to do more with less, maintaining our commitment to a disciplined financial model that is focused on limiting production capital at risk.  We're especially pleased to achieve contributions from our entire portfolio of films this year, from Lionsgate's Catching Fire and Summit's Now You See Me to Pantelion's Instructions Not Included and Codeblack's Kevin Hart: Let Me Explain."

Instructions Not Included is the highest-grossing Spanish-language film ever released in the U.S.

The Company's stellar performance internationally reflected strong performances in such diverse territories as Latin America, the UK, Russia and China.  Lionsgate achieved its best year ever in China in 2013, releasing six films which grossed an estimated $116.3 million at the Chinese box office for the year to date and captured approximately 8% of the foreign film box office market share.

ABOUT LIONSGATE Lionsgate is a leading global entertainment company with a strong and diversified presence in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, new channel platforms and international distribution and sales. Lionsgate currently has more than 30 television shows on 20 networks spanning its primetime production, distribution and syndication businesses, including such critically-acclaimed hits as the multiple Emmy Award-winning Mad Men and Nurse Jackie, the comedy Anger Management, the network series Nashville , the syndication success The Wendy Williams Show and the critically-acclaimed new series Orange is the New Black.

Its feature film business has been fueled by such recent successes as the blockbuster first and second installments of The Hunger Games franchise, The Twilight Saga Breaking DawnPart 2, Now You See Me, Kevin Hart: Let Me Explain, Warm Bodies, The Expendables 2, The Possession, Sinister, Arbitrage, Mud and Pantelion Films' breakout hit Instructions Not Included, the highest-grossing Spanish-language film ever released in the U.S.

Lionsgate's home entertainment business is an industry leader in box office-to-DVD and box office-to-VOD revenue conversion rate. Lionsgate handles a prestigious and prolific library of approximately 15,000 motion picture and television titles that is an important source of recurring revenue and serves as the foundation for the growth of the Company's core businesses. The Lionsgate and Summit brands remain synonymous with original, daring, quality entertainment in markets around the world.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,888.15 -247.57 -1.37%
S&P 500 2,070.82 -30.22 -1.44%
NASDAQ 4,926.43 -56.3790 -1.13%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs