lionsgate acquisition rumors
Bron Studios CEO Aaron L. Gilbert said he’s been impressed by Lionsgate film executives at recent meetings with writer Charles Randolph, director Jay Roach and Theron (who plays former Fox anchor Megyn Kelly) to discuss a possible title for the December release and marketing strategies for the movie. At CinemaCon, Drake also announced an investment in Seth Rogen and Evan Goldberg’s Point Grey Pictures, which has the new rom-com “Long Shot,” starring Rogen and Charlize Theron.
Richard L. Plepler, HBO -- 60.5 / 100. With their club closed, dancers from the East Hollywood hipster spot Jumbo’s Clown Room form a collective and launch a successful virtual show.
Upcoming films include “Angel Has Fallen,” the third installment in the “Olympus Has Fallen” series, “Rambo V: Last Blood” and a Roland Emmerich remake of “Midway.”. “They have reached that point where there’s not much left to vacuum up and now they can sell themselves.” Over the years, Lionsgate has invested hundreds of millions of dollars buying up the assets of companies such as Artisan, Debmar-Mercury and Trimark and taking a stake in Roadside Attractions. The technology maker has long struggled to balance its device-manufacturing with its moviemaking businesses. I’d own both AMZN and LGF stock here.
It dominated the cloud market. The third-quarter results were also released amid persistent rumors after Disney's proposed purchase of Fox that Lionsgate is being circled by Verizon, Amazon and other possible suitors.
Founded in 1997 in Vancouver, Canada, the company became known early on for edgy indie and horror films such as “American Psycho” and “Saw.” Lionsgate grew its firepower and boosted its stock price through acquisitions, catapulting itself into the big leagues with its 2012 purchase of “Twilight Saga” studio Summit Entertainment and the release of the first “Hunger Games.” The four-movie apocalyptic “Hunger Games” series grossed $2.97 billion.
Doctors treating Trump’s COVID-19 say his oxygen levels fluctuated and that they’ve prescribed dexamethasone, a steroid, amid signs of lung damage.
L.A. Times Executive Editor Norman Pearlstine to step down. LGF stock, meanwhile, could trend markedly higher in the near-term as M&A rumors start to gain mainstream market credibility. Also Read: Viacom and CBS Are Seeking to Merge, Insiders Say (Exclusive). EMAIL ME.
In November 2016, Bob Bakish was named acting CEO when Dooley stepped down just months after becoming interim chief executive following the ouster of Philippe Dauman. LGF stock could go a lot higher if these murmurs turn out to be true and, at this point in time, a potential acquisition looks quite likely. Spinning off its Hollywood arm and combining it with Lionsgate’s assets could help the studio compete with the likes of Warner Bros. and Disney. Cinema stocks were hammered after Regal owner Cineworld said it would re-close its locations this week. On November 10, 2015, Malone's two other companies, Liberty Global and Discovery Communications (now Discovery, Inc. ), made a joint investment of $195–400 million in Lionsgate and acquired a 3.4% stake in the company.
“We have a number of films in development that when they’re ready will represent big IP for us, but we can’t have a strategy that relies on four of those a year to be successful, and we don’t need to at our size,” Drake said. Several people familiar with the studio’s business say the overhaul reflects an increasingly cautious approach to the movie business, meant to protect the company from costly flops. The rise was attributed to higher over-the-top digital revenue growth and digital media licensing deals in the world market. Lionsgate on Thursday reported a sharply higher third-quarter profit due to the impact of a steep tax cut and higher overall revenues amid renewed takeover speculation. The toymaker wanted to offer the company more than $40 a share, but board chairman and lead shareholder Mark Rachesky thought Lionsgate was worth more and killed the pact, insiders say.
Lionsgate won’t win an Oscar for subtlety.
CEO Jon Feltheimer has reportedly been open to the idea of a sale. Lions Gate has a market capitalization of about $3.3 billion and an enterprise value of $6.5 billion. We trace the path, Debate commission to make changes after chaotic night. Ever since the company started pouring billions of dollars into original content development and acquisitions, subscriber numbers have boomed and Netflix hasn’t looked back.
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