November 10, 2006 |
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.
September 29, 2006 |
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.
March 19, 2010 |
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.
June 1, 2007 |
Pirated DVD copies of Lions Gate Entertainment Corp.'s horror sequel "Hostel: Part II" have hit the streets well ahead of the movie's June 8 release. Executives at the studio's Santa Monica offices said Thursday that the company was investigating the breach, disclosed over the Memorial Day weekend on MovieWeb.com. Although camcorded bootlegs become common after movies hit theaters, pre-release piracy is rare because studios tightened security in recent years. The Motion Picture Assn.
September 11, 2007 |
Lions Gate Entertainment Corp. bought the independent movie production company Mandate Pictures, maker of "Stranger Than Fiction," for $56.3 million. Lions Gate, the largest independent U.S. film studio, is paying $44.3 million in cash and $12 million in stock over an 18-month period. The Vancouver, Canada-based company, which is run out of Santa Monica, said Monday that it also would assume $6.6 million of Mandate's debt.
May 31, 2000 |
Something's up with Trimark Holdings Inc.--or at least, that's what some people rushing to buy the stock Tuesday must want to believe. Shares of the Marina del Rey-based movie producer and home video distributor (ticker symbol: TMRK) soared $2.94, or 49%, to close at $8.94 on Nasdaq, after trading at a 52-week high of $9.97. Volume surged to nearly 657,000 shares.
February 10, 2005 |
Lions Gate Entertainment Corp. on Wednesday turned a year-ago loss into a profit in its fiscal 2005 third quarter, based on last year's acquisition of Artisan Entertainment's film library and growth in its core film production and distribution businesses. Lions Gate, which maintains offices in Santa Monica, reported earnings of $3.4 million, or 3 cents a share, compared with a loss of $37.9 million, or 45 cents, in the third quarter of fiscal 2004.
April 2, 2005 |
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.
March 10, 2012 |
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.