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Lions Gate Entertainment

BUSINESS
August 15, 2001 | CHERYL DEVOE KIM, BLOOMBERG NEWS
Lions Gate Entertainment Corp. fired auditor PricewaterhouseCoopers after the accounting firm questioned some ways in which the company books revenue. The Vancouver, Canada-based producer of films and television shows said in documents filed with U.S. and Canadian securities regulators that its board asked PricewaterhouseCoopers to resign July 24, after the firm finished its audit for the fiscal year ended March 31.
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BUSINESS
February 10, 2005 | From Reuters
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.
BUSINESS
June 1, 2007 | Josh Friedman, Times Staff Writer
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.
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
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 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.
BUSINESS
May 31, 2000 | Bloomberg News, Times Staff
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.
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
August 10, 2006 | Lorenza Munoz, Times Staff Writer
Lions Gate Entertainment Corp. narrowed its quarterly loss, thanks primarily to strong home video sales of the gospel-inspired DVD franchise by filmmaker Tyler Perry. The independent studio Wednesday reported a loss of $3.6 million in its fiscal first quarter, an improvement from the $21.8-million loss during the same period a year earlier.
BUSINESS
September 15, 2005 | From Reuters
DVD and compact disc producer Image Entertainment Inc. on Wednesday said it would consider an unsolicited takeover bid from Lions Gate Entertainment Corp., one of Hollywood's largest independent film studios, and its stock shot up 47%. Image, which licenses and makes DVDs and CDs sold at major U.S. retailers, said it was not for sale and contended that it was worth more than the Lions Gate offer. But it said a special committee of directors would study the proposal. In an Aug.
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