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Stock Market & Financial Investment News

News Breaks
March 21, 2014
13:44 EDTLGFLionsgate slides ahead of 'Divergent' opening weekend
Shares of entertainment company Lionsgate Entertainment (LGF) are sliding ahead of the wide release of the company's latest film, "Divergent," in U.S. theaters. WHAT'S NEW: Lionsgate's "Divergent," which is the first film in what the company hopes will be its next blockbuster teen movie franchise, is set to debut this weekend. Lionsgate has previously had success with the "Twilight" series of films and the first two movies in "The Hunger Games" trilogy. A report from online entertainment magazine Variety projects the film's domestic opening grosses to be "in the same realm" as the first "Twilight" film, which opened at $69M. Variety believes "Divergent" will earn over $60M this weekend. However, The Los Angeles Times gave a more cautious estimate this morning, predicting that the film could gross $55M or more in ticket sales throughout the U.S. and Canada. WHAT'S NOTABLE: In a note to investors yesterday, Stifel analyst Benjamin Mogil predicted that revenue from “Divergent” would exceed the amount implied by the company's guidance. Mogil expects the film to generate $175M in revenue and said if Lionsgate obtains $140M or more from the movie, that the company will likely increase its 2013-2015 outlook. PRICE ACTION: During afternoon trading, shares of Lions Gate fell by $1.60 or 5.34% to $28.35.
News For LGF From The Last 14 Days
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April 9, 2015
12:03 EDTLGFLionsgate extends partnership with Emmett/Furla Films
Lionsgate noted, "Lionsgate and its Grindstone Entertainment Group have extended their successful long-term partnership with Emmett/Furla Films for another 10 movies, several of which will be released through the newly-launched Lionsgate Premiere label."
08:07 EDTLGFLionsgate partners with Comic-Con International to launch VOD service
Lionsgate has partnered with Comic-Con International: San Diego on a subscription video-on-demand service that will launch later this year. The new service will launch with a broad portfolio of content including original short-form content created exclusively for the channel's subscribers, films and television series from Lionsgate and other studios designed to appeal to the diverse interests of Comic-Con's fan base as well as exclusive archived footage from Comic-Con's 45-year history.
April 8, 2015
16:22 EDTLGFOn The Fly: Closing Wrap
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12:17 EDTLGFOn The Fly: Midday Wrap
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09:44 EDTLGFLionsgate trades lower following secondary, levels to watch
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09:20 EDTLGFOn The Fly: Pre-market Movers
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09:01 EDTLGFLionsgate 10M share Spot Secondary priced at $32.00
JPMorgan acted as sole book running manager for the offering.
06:21 EDTLGFLionsgate 10M share Spot Secondary; price range $32.01-$33.00
The Lionsgate 10M shares Spot Secondary is being re-offered in the range of $32.01-$33.00 versus a $33.68 close. JPMorgan is acting as sole book running manager for the offering.
06:02 EDTLGFLionsgate should be bought on any weakness, says Piper Jaffray
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April 7, 2015
19:10 EDTLGFOn The Fly: After Hours Movers
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16:19 EDTLGFLionsgate says tracking at lower end of previous adjusted EBITDA guidance
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16:05 EDTLGFLionsgate files to sell 10M shares of common stock for holders
JPMorgan is acting as sole book running manager for the offering.

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