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July 10, 2014
11:31 EDTLGFLionsgate enters agreement with Pure Flix Entertainment
Lionsgate has entered into an agreement with Pure Flix Entertainment for the home entertainment distribution of God's Not Dead, the two companies announced. Under the agreement, Lionsgate has secured electronic sell-through VOD, SVOD, pay-per-view and television distribution rights in the U.S.
News For LGF From The Last 14 Days
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November 29, 2015
17:53 EDTLGF'Hunger Games' stays ahead of competition as Pixar sees slight miss
"The Hunger Games: Mockingjay - Part 2" held on to its box office lead despite competition from Pixar's latest animated film and a strong performance from Rocky Balboa's latest outing, "Creed." WEEKEND LEADER: Lionsgate's (LGF) "The Hunger Games: Mockingjay - Part 2" took in $51.6M domestically for the weekend of November 29 while battling several new releases over the Thanksgiving holiday. The film's roughly 49% slip from its box office open last weekend was not as severe as that seen by previous entries in the series, whose dystopic science-fiction saga has now wound to a close for Lionsgate. BOX OFFICE RUNNERS-UP: Disney (DIS) Pixar's "The Good Dinosaur" opened at $39.2M in the U.S. against expectations for $54M, a rare miss for the studio. In an interview with Bloomberg following the release of this weekend's numbers, Walt Disney Studios' executive Dave Hollis commented, "With every release it is a little bit less about how we start and really more about how we finish. [The film's open has] set us up in a great way." Meanwhile, Warner Bros.' (TWX) "Creed" debuted at $30.1M versus estimates for $26M. "Creed," which marks the seventh Rocky Balboa boxing film, stars Sylvester Stallone as mentor and trainer to the son of Apollo Creed, a previous antagonist in the series. Rounding out the weekend's top five were Sony's (SNE) "Spectre" and Fox's (FOX, FOXA) "The Peanuts Movie," which earned a respective $12.8M and $9.7M. Fox's "Victor Frankenstein" failed to place in the top 10, grossing $2.4M against an approximate budget of $40M.
November 23, 2015
13:11 EDTLGFLionsgate weakness a buying opportunity, says JPMorgan
JPMorgan analyst Alexia S. Quadrani said weakness in Lionsgate shares related to the Monkingjay 2 film release is a buying opportunity. Quadrani believes the stock weakness is overdone and Lionsgate has a solid slate of films in the next few years with several that could outperform expectations. Additionally, the analyst believes Lionsgate has strategic value as a pure play content provider and believes John Malone is committed to as a long-term investor. Quadrani rates Lionsgate an Overweight with a $48 price target on shares.
09:18 EDTLGFOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Tyson Foods (TSN), up 2.4%... Mallinckrodt (MNK), up 7.4%. ALSO HIGHER: Novocure (NVCR), up 16.8% after announcing new Phase 3 data from Optune study... CTI BioPharma (CTIC), up 12.7% after the initiation of its rolling new drug application to the FDA for pacritinib... Peabody Energy (BTU), up 14.8% after announcing an asset sale... Sarepta Therapeutics (SRPT), up 5.2% following a positive mention in Barron's. DOWN AFTER EARNINGS: Trina Solar (TSL), down 5.6%. ALSO LOWER: Par Pacific (PARR), down 13.2% after pricing its 3.4M registered direct offering at $22.00... Lions Gate (LGF), down 2.9% after the "Hunger Games" finale opens below the series average.
08:35 EDTLGFLionsgate shares likely to recover after box office miss, says Piper Jaffray
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07:09 EDTLGFLionsgate estimates lowered below guidance at Stifel
Stifel lowered its estimates for Lionsgate below guidance following a weaker than expected opening last weekend for the company's "Hunger Games: Mockingjay Part 2" film. However, the firm thinks that M&A expectations will somewhat offset the pressure on the stock that will be caused by the film;s weak showing. Stifel keeps a $42 price target and Buy rating on the shares.
November 22, 2015
19:54 EDTLGFAs 'Hunger Games' end, Lionsgate places bets on TV, other media, WSJ says
In the wake of the final installment in its "Hunger Games" film property, Lionsgate is making an "array" of bets across its movie and TV businesses as well as new areas like videogames and live events, reports the Wall Street Journal, citing sources. "The Hunger Games," a dystopic science fiction series starring Jennifer Lawrence, has been a "significant factor" in the rise of Lionsgate shares over the past several years, said the publication, and B. Riley analyst Eric Wold told the Journal that "people have been concerned about this 'Hunger Games' cliff for a long time." Lionsgate hopes its combined initiatives will fill the void represented by the conclusion of the series as well as make up for recent flops like "The Last Witch Hunter," the publication explains. Reference Link
16:22 EDTLGF'Hunger Games' finale opens below series average
Though showing clear dominance in the box office rankings, the final film in the "Hunger Games" saga missed analyst estimates in its domestic open. WEEKEND LEADER: Lionsgate's (LGF) "The Hunger Games: Mockingjay - Part 2" debuted at $101M domestically for the weekend of November 22, missing expectations for $120M-$127M and coming in markedly below the series' $144M first-weekend average. The final entry in the dystopic science fiction tetralogy also saw a weaker open than last year's $121M launch for "Mockingjay - Part 1," though reviews have been slightly stronger. BOX OFFICE RUNNERS-UP: Sony's (SNE) latest James Bond outing "Spectre" slipped to second place at the U.S. box office with $14.6M, while Fox's (FOX, FOXA) "The Peanuts Movie" took in $12.8M. Rounding out the weekend's Top 5 were Sony's "The Night Before" and STX's "The Secret In Their Eyes," with the two newcomers earning a respective $10.1M and $6.6M.
November 20, 2015
16:28 EDTLGFJohn Malone reports 3.3% stake in Lionsgate
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16:23 EDTLGFLiberty Global reports 3.4% stake in Lionsgate
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16:12 EDTLGFLionsgate files to sell 1.52M common shares for holders
11:45 EDTLGFBox Office Battle: 'Hunger Games' finale expected to top box office
Lions Gate's (LGF) "The Hunger Games: Mockingjay - Part 2," the final movie based on the dystopian young adult novels, is opening this weekend at 4,175 theaters and is expecting a domestic gross in the range of $120M-$127M. Piper Jaffray analyst James Marsh said in a note to investors on November 18 that he expects the film to open domestically in the $130M range, above where it is tracking, due to limited competition and the addition of IMAX (IMAX) screens. Piper maintained its Overweight rating and $45 price target on Lions Gate shares at that time. "The Hunger Games" main competition is "Spectre" and "The Peanuts Movie," both of which are in their third weekend of release. Sony's (SNE) "Spectre," starring Daniel Craig as James Bond, is expected to earn another $15.2M-$16.8M. Fox's (FOX, FOXA) G-rated family film, starring a 3D-animated Charlie Brown, is predicted to earn an additional $12.5M-$13.2M. In other box office news, the Wall Street Journal reported that Disney's (DIS) "Star Wars: The Force Awakens," which hits theaters on December 18, has had record-breaking pre-sales. Fandango said the film has already sold more tickets than any other movie before its release, which is still four weeks away, and IMAX said the movie has "doubled" its prior pre-sales record of about $9M. Other publicly traded companies involved in filmmaking include Comcast (CMCSA, CMCSK), Time Warner (TWX), and Viacom (VIA, VIAB).
November 19, 2015
16:05 EDTLGFLionsgate extends contracts of co-COO and Chief Strategic Officer
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November 16, 2015
17:10 EDTLGFSoros took stake in Paypal, liquidated Herbalife stake
Soros Fund Management gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Paypal (PYPL), CIT Group (CIT), Schlumberger (SLB), Kraft Heinz (KHC), and Amazon (AMZN). INCREASED STAKES: Allergan (AGN), Lions Gate (LGF), Energen (EGN), Southwest Airlines (LUV), and Qunar Cayman Islands (QUNR). DECREASED STAKES: LyondellBasell (LYB), YPF (YPF), Time Warner Cable (TWC), Dow Chemical (DOW), and Monsanto (MON). LIQUIDATED STAKES: Herbalife (HLF), Lennar (LEN), DR Horton (DHI), United Continental (UAL), and Nice Systems (NICE).
15:53 EDTLGFJANA Partners reduces stakes in Rackspace, Qualcomm
JANA Partners gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Mattel (MAT), Zoetis (ZTS), and Aramark (ARMK). INCREASED STAKES: ConAgra Foods (CAG). DECREASED STAKES: Rackspace (RAX), Qualcomm (QCOM), Time Warner (TWX), Starz (STRZA), and Lions Gate (LGF). LIQUIDATED STAKES: Johnson Controls (JCI), Precision Castparts (PCP), AerCap Holdings (AER), United Rentals (URI), and HD Supply Holdings (HDS).

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