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Lions Gate Entertainment

BUSINESS
May 26, 2004 | From Associated Press
Marvel Enterprises Inc. is teaming with Lions Gate Entertainment Corp. to enter the direct-to-DVD video cartoon market. The comic book giant, whose 4,700-character library features such big names as Spider-Man and X-Men, said the agreement with Lions Gate covered eight original animated projects based on "certain characters within the Marvel universe."
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ENTERTAINMENT
March 22, 2005 | From a Times staff writer
Lions Gate Family Entertainment has acquired the North American distribution rights to "Foodfight!," the 3-D animated film from Larry Kasanoff's Threshold Animation Studios. Slated for a nationwide fall 2006 release, "Foodfight!" takes place after hours in a supermarket that comes to life as a city of its own.
BUSINESS
August 16, 2002 | From Times Staff and Wire Reports
Flush with earnings from surprise hit "Monster's Ball," Lions Gate Entertainment Corp. reported a fiscal first-quarter profit Wednesday as the DVD and video release of the Oscar-winning film helped to double revenue from a year earlier. The Vancouver, Canada-based film and television producer and distributor reported net income of $2.7 million, or 4 cents a share, for the quarter ended June 30, contrasted with a loss of $335,000, or 3 cents a share, a year earlier. Revenue rose to $94.
BUSINESS
November 11, 2008 | Bloomberg News
Lions Gate Entertainment Corp., the biggest independent film studio, reported a narrower fiscal second-quarter loss on gains from home entertainment and TV. The net loss for the period ended Sept. 30 narrowed to $48.1 million, or 41 cents a share, from $58 million, or 49 cents, a year earlier, the producer of the "Saw" movies said. Sales rose 8.2% to $380.7 million, missing the $382-million average of analysts' estimates compiled by Bloomberg.
BUSINESS
August 10, 2007 | Lorenza Munoz, Times Staff Writer
Lions Gate Entertainment Corp. is in final discussions to acquire Mandate Pictures, a production and foreign sales company based in Beverly Hills, for more than $40 million. Mandate was one of the producers of such movies as "The Grudge" and the upcoming "Mr. Magorium's Wonder Emporium." It will continue to operate out of its Beverly Hills office selling movie projects to other studios and international rights to foreign territories.
BUSINESS
November 10, 2006 | From Reuters
Lions Gate Entertainment Corp., the independent producer of movies including "Saw III" and "Employee of the Month," reported a quarterly loss that was about the same as a year earlier, as home video revenue slipped. The net loss in the company's fiscal second quarter was $14.4 million, or 14 cents a share, compared with a net loss of $14.1 million, or 14 cents, a year earlier. Revenue advanced to $218.2 million from $211 million.
BUSINESS
September 29, 2006 | From Reuters
Image Entertainment Inc. accused Lions Gate Entertainment Corp. of fraud in its proxy fight with Image in a letter to the Securities and Exchange Commission made public Thursday. Lions Gate launched a bid to replace six of Chatsworth-based Image's seven directors after the company's board failed to present buyout offers from Lions Gate to its shareholders. With a 19% stake, Lions Gate, based in North Vancouver, Canada, is Image's second-largest shareholder.
BUSINESS
March 19, 2010 | By Claudia Eller
One week after Lions Gate Entertainment rejected his holdings in the studio, investor Carl Icahn is launching a hostile takeover bid for the entire company. Icahn is offering $6 a share, which sent Lions Gate shares rising above the offer price in early morning trading. Icahn, who owns nearly 19% of Lions Gate, has been steadily increasing his stake in the studio and recently launched a tender offer to up his stake to nearly 30%. The investor has been angling for more control over Lions Gate, which operates out of Santa Monica under the leadership of chief executive Jon Feltheimer and vice chairman Michael Burns.
BUSINESS
April 2, 2005 | Richard Verrier, Times Staff Writer
Completing a proposed acquisition of the company behind Thomas the Tank Engine, Bob the Builder and Barney may not be child's play. Lions Gate Entertainment, a Canadian company that operates mostly in Santa Monica, is mulling over an unsolicited offer for Britain's Hit Entertainment that could torpedo a deal that a private equity firm previously reached to buy Hit, a source familiar with the matter said Friday.
BUSINESS
March 10, 2012 | By Richard Verrier, Los Angeles Times
Santa Monica-based Lions Gate Entertainment is laying off about 80 people in the wake of its acquisition of Summit Entertainment, a source familiar with the matter said. In a move to bolster its film and TV library and better compete with larger studios, Lions Gate agreed in January to acquire Santa Monica-based Summit Entertainment, producer of the hit young-adult "Twilight" franchise, for $412.5 million in cash and stock. Layoffs at both companies were anticipated as they merged their motion picture and home entertainment operations.
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