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Stock Market & Financial Investment News

News Breaks
March 13, 2014
12:01 EDTLGFLionsgate agrees to pay $7.5M to settle SEC charges over disclosure
The SEC said it charged Lions Gate Entertainment with failing to "fully and accurately disclose to investors a key aspect of its effort to thwart a hostile takeover bid." Lions Gate agreed to pay $7.5M and admit wrongdoing to settle the SECís charges. According to the SEC, "Lions Gateís management participated in a set of extraordinary corporate transactions in 2010 that put millions of newly issued company shares in the hands of a management-friendly director. A purpose of the maneuver was to defeat a hostile tender offer by a large shareholder who had been locked in a battle for control of the company for at least a year. However, Lions Gate failed to reveal that the move was part of a defensive strategy to solidify incumbent managementís control, instead stating in SEC filings that the transactions were part of a previously announced plan to reduce debt."
News For LGF From The Last 14 Days
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February 24, 2015
09:04 EDTLGFLionsgate invests in Telltale Games
Lionsgate has made a significant investment in game developer and publisher Telltale Games, the two companies announced today. As part of its investment, Lionsgate Chief Executive Officer Jon Feltheimer will also join the Telltale board. The investment will continue the extension of Lionsgate's film and television brands into the game space and will bring Lionsgate's expertise in creating and marketing premium content to Telltale's unique narrative-driven, storytelling approach to gaming. The collaboration will also enable the two companies to explore opportunities to co-develop existing and original IP into episodic games and television.
February 23, 2015
10:31 EDTLGFEPIX announces extension to Prime Instant Video agreement
EPIX announced that it has extended its agreement with Amazon to license thousands of new releases, classic library titles and original programs for Prime Instant Video. Programming from the agreement includes movies from EPIX studio partners, Paramount Pictures, Lionsgate and Metro-Goldwyn-Mayer Pictures, and delivers new releases such as Transformers: Age of Extinction, Teenage Mutant Ninja Turtles, Interstellar, Selma and The Hunger Games: Mockingjay Part 1, along with classic big film franchises including James Bond, Star Trek, Rocky and more.
February 18, 2015
09:09 EDTLGFLionsgate and Samsung launch exclusive virtual reality experience
Lionsgate (LGF) and Samsung (SSNLF) have teamed up to create the exclusive virtual reality experience "Insurgent- Shatter Reality". The four-minute visual work of art is a fully-immersive, 360-degree narrative experience set in the world of the upcoming feature film The Divergent Series: Insurgent.

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