New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
March 31, 2015
07:05 EDTLGFLionsgate partners with Dubai Parks and Resorts
Subscribe for More Information
March 30, 2015
11:52 EDTLGFLionsgate reports 2.31% Series A stake in Starz
Subscribe for More Information
March 29, 2015
19:57 EDTLGFDreamWorks' 'Home' leads at weekend box office with $54M
Subscribe for More Information
March 25, 2015
08:07 EDTLGFLionsgate announces Zygi Kamasa to continue serving as Lionsgate UK
Lionsgate announced Zygi Kamasa has entered a new long-term agreement to continue serving as Chief Executive Officer of Lionsgate UK and to assume additional new responsibilities as CEO of Lionsgate's European Office.
March 22, 2015
18:46 EDTLGFLionsgate's 'The Insurgent' takes top spot at box office with $54M
Subscribe for More Information
March 20, 2015
16:05 EDTLGFLionsgate files to sell 361,229 shares of common stock for holders
Subscribe for More Information
March 18, 2015
06:53 EDTLGFLionsgate closing $375M financing agreement with Chinese broadcaster, WSJ says
Lionsgate CEO Jon Feltheimer said in a Wall Street Journal interview that the company is closing a $375M financing agreement with Hunan TV & Broadcast Intermediary that may boost its ability to screen films in China. Hunan will fund 25% of Lionsgate production costs over a three year period which the Journal notes could total $1.5B, though popular franchises "Hunger Games," "Divergent," and "Twilight" are not covered. Hunan's subsidiary will acquire rights to distribute up to four Lionsgate films in China, and the two companies will also produce films and television shows for both U.S. and Chinese markets, with a "Candy Crush Saga" TV show being a likely first candidate, according to Feltheimer. Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use