{"id":13318,"date":"2013-11-16T17:20:55","date_gmt":"2013-11-16T22:20:55","guid":{"rendered":"https:\/\/bejone03.expressions.syr.edu\/trf235\/?p=13318"},"modified":"2013-11-19T22:51:28","modified_gmt":"2013-11-20T03:51:28","slug":"lionsgate-entertainment-6","status":"publish","type":"post","link":"https:\/\/bejone03.expressions.syr.edu\/trf235\/2013\/11\/16\/lionsgate-entertainment-6\/","title":{"rendered":"Lionsgate Entertainment"},"content":{"rendered":"
\n
\"\"<\/a><\/dt>\n
Photo courtesy of: [1]<\/a> www.hollywoodreporter.com<\/dd>\n<\/dl>\n

website: <\/strong>http:\/\/www.lionsgate.com\/<\/a><\/p>\n

Company Headquarters: <\/strong>2700 Colorado Ave., Ste. 200
\nSanta Monica, CA 90404 <\/span><\/p>\n

Brief History:<\/span><\/strong><\/span><\/p>\n

\n
\"\"<\/a><\/dt>\n
Photo courtesy of: [3]<\/a> theatlatlanticwire.com<\/dd>\n<\/dl>\n

Lions Gate Entertainment Corporation was formed on July 3, 1997 in Vancouver, British Columbia by Frank Giustra, a former investment banker. After its initial formation, it began a series of acquisitions of minor film studios in order to establish itself in the film industry. On January 13, 2012, Lionsgate announced that it had purchased Summit Entertainment, the producers and distributors of The Twilight Saga<\/i> for $412.5 million [4]<\/a>. This merger had been planned for 4 years. As of now, LGE is responsible for the distribution of the major franchises of The Hunger Games<\/i>, Twilight<\/i><\/a>, and more recently, Ender\u2019s Game<\/i>.<\/span><\/p>\n

\n
\"\"<\/a><\/dt>\n
Photo courtesy of: [5] <\/a>www.thehungergamesexplorer.com\/us\/<\/dd>\n<\/dl>\n

Key Executives:<\/strong><\/span><\/p>\n

\n
\"Lions<\/a><\/dt>\n
Photo courtesy of: [2]<\/a> lionsgate.com<\/dd>\n<\/dl>\n

<\/p>\n

Jon Feltheimer:<\/strong> Feltheimer has been the Chief Executive Officer of Lionsgate since March 2000. Before he joined Lionsgate, Feltheimer spent nine years at Sony Pictures Entertainment as head of the Columbia TriStar Television Group as well as heading Sony Entertainment Television.<\/span><\/p>\n

<\/p>\n

<\/p>\n

\n
\"\"<\/a><\/dt>\n
Photo Courtesy of [2] <\/a>lionsgate.com<\/dd>\n<\/dl>\n

Michael Burns:<\/strong> Burns has been on the Lionsgate Board of Directors since 1999. In March of 2000, Burns became Vice Chairman of Lionsgate. Before joining the Lionsgate team, Burns had a background in investment banking.<\/p>\n

\"Photo<\/a>

Photo courtesy of [2] <\/a>lionsgate.com<\/p><\/div>Steve Beeks:<\/strong> Beeks responsibilities include corporate and administrative matters. Under Beek\u2019s strategic direction, 2012 has been the film division\u2019s best year ever, earning over $1.2 billion domestically and over $2.5 billion internationally [26]<\/a><\/p>\n

<\/p>\n

Quick Financials:<\/span><\/strong><\/span><\/p>\n

During its Second Quarter, Lionsgate reported a net income of $25.4 million. Revenue of the second quarter declined by 29% in comparison to the prior year\u2019s corresponding quarter, most likely because of the timing of The Hunger Games<\/i> home entertainment release [6]<\/a>.<\/span><\/p>\n

Recent Past:<\/strong><\/span><\/p>\n

<\/p>\n

<\/p>\n

In the past six months, Lionsgate has become a favorite of Wall Street investors due to sleeper-hit films like Now You See Me<\/i> and Instructions Not Included <\/i>[7]<\/a>.<\/span><\/p>\n

\n
\"\"<\/a><\/dt>\n
Photo courtesy of: [8]<\/a> magazine.topman.com<\/dd>\n<\/dl>\n

Now You See Me<\/em><\/a>, a film directed by Louis Leterrier<\/a> and starring Jesse Eisenberg<\/a>, Morgan Freeman<\/a>, and Isla Fisher<\/a> centers around a group of magicians who use illusions and slights of hand to pull off a bank robbery. The film was a surprise hit, earning $117,723,989 at the domestic box office and $234,000,000 internationally totaling to a $351,723,989 worldwide gross with a $75 million budget [8]<\/a>. Critics\u2019 reviews were mixed. Recently, a sequel for Now You See Me<\/em> was confirmed [9]<\/a>. <\/span><\/p>\n

\n
\"\"<\/a><\/dt>\n
Photo courtesy of: [10]<\/a> imdb.com<\/dd>\n<\/dl>\n

Instructions Not Included<\/span><\/i><\/a> is a film co-written, directed by, and starring Eugenio Derbez<\/a> that shattered box office records by being the highest-grossing Spanish-language film released in the U.S. of all time [11]<\/a>. As of now, it has domestically grossed $44,239,362, with a worldwide gross of $85,317,913. Considering its estimated budget is $5 million, the profit for Lions Gate with this release has well-exceeded its expectations [12]<\/a>. The success of Instructions Not Included<\/em> has been attributed to Derbez\u2019s star power in Mexico; he stars in a telenova as well as a variety show [13]<\/a>. <\/span><\/p>\n

\n
\"\"<\/a><\/dt>\n
Photo Courtesy of: [14] <\/a>atomicsam.com<\/dd>\n<\/dl>\n

Ender\u2019s Game<\/span><\/i><\/a>, a sci-fi fantasy film based off of the popular young-adult novel by Orson Scott Card, however, failed to become the big box office draw that Lions Gate and its subsidiary, Summit Entertainment, had hoped. The film centered on a young protagonist named Ender Wiggin who is recruited by the military to attend a military academy in outer space to be trained to defend against a genocidal alien race that previously almost annihilated the human race. Controversy surrounded this movie due to the beliefs of the author of the novel, who is vocally against gay rights as well as a member of the Church of Latter-Day Saints [15]<\/a>. The film grossed $53,593,921\u00a0domestically and $9,137,000 internationally, and grossed a total of\u00a0 <\/span>$62,730,921. Its budget was $110 million [16]<\/a>. <\/span><\/p>\n

\n
\"\"<\/a><\/dt>\n
Photo courtesy of: [25] <\/a>thehollywoodreporter.com<\/dd>\n<\/dl>\n

In other news not directly related to their film releases, James Keegan, who was Lions Gate\u2019s Chief Financial Officer, retired on October 1st. Keegan was with the company for 25 years. However, Keegan will remain a consultant until January 3, 2014 to assist in the transition. Keegan was succeeded by James W. Barge, Viacom\u2019s previous Chief Financial Officer since 2010 [17]<\/a>.<\/span><\/p>\n

Next for Lions Gate:<\/span><\/strong><\/span><\/p>\n

Lionsgate has multiple projects in the works at the moment, with most of their content skewing to the younger-demographic that they seem to draw in so well.<\/span><\/p>\n

\"Photo<\/a>

Photo Courtesy of: [27]<\/a> latino-review.com<\/p><\/div>The most-anticipated event on the near horizon is the release of T<\/a>he Hunger Games: Catching Fire<\/a><\/em>, sequel to the 2012 film The Hunger Games<\/em><\/a>. Set to release on November 22, 2013, it is already conservatively estimated that the movie will earn between $140 and $150 million at the box office [18]<\/a>. If this were to happen, it would break records, becoming the highest-grossing November release (the previous title-holder being The Twilight Saga: New Moon<\/a><\/em>, with $142 million [19]<\/a>).<\/span>\u00a0<\/span><\/p>\n

On a conference call on November 8th regarding the studio\u2019s quarterly earnings, Lionsgate CEO Jon Feltheimer stated that the studio was exploring the possibility of getting into the theme park business. The hypothetical theme park would be based around the blockbuster \u201cHunger Games\u201d franchise. The studio has already been approached about the possibility of a theme park in two territories. No further details were given [20]<\/a>.<\/span><\/p>\n

\"Photo<\/a>

Photo courtesy of: [29]<\/a> buzzsugar.com<\/p><\/div>Another highly anticipated film that Lions Gate is involved in that is also based off a successful young adult book series is Divergent<\/em><\/a>, a sci-fi film directed by Neil Burger<\/a> and starring Shailene Woodley<\/a>. Divergent is set in a futuristic, dystopic America where people are divided into five factions based on their personalities. The story follows Beatrice \u201cTris\u201d Prior whose personality does not fit into any of the five categories. The film also stars Kate Winslet<\/a> and Zoe Kravitz<\/a>. As of now, the release date is March 21, 2014 [21]<\/a>.<\/span><\/p>\n

\n
\"\"<\/a><\/dt>\n
Photo courtesy of: [22] <\/a>www.hypable.com<\/dd>\n<\/dl>\n

In addition to the release of the Hunger Games: Catching Fire<\/em>, Lionsgate is also looking forward to the release of\u00a0Hercules: The Legend Begins<\/em><\/a> under its Summit label, directed by Renny Harlin<\/a>, and starring Kellan Lutz<\/a>. This movie will trace the origins of Hercules from when he is \u201cbetrayed by his king, sold into slavery and fighting for his freedom to return to his true love\u201d [23]<\/a>. Lions Gate moved the premiere date of Hercules: The Legend Begins<\/em><\/a> up to January 10 so it will not have to directly compete with Paramount\u2019s Hercules<\/i><\/a>, starring Dwayne \u201cThe Rock\u201d Johnson<\/a> [24]<\/a>.<\/span><\/p>\n

\"Hercules\"<\/a>

Photo Courtesy of: [28] <\/a>moviepilot.de<\/p><\/div>\n

Sources:<\/p>\n

[1] “Lionsgate Pacts with Codeblack CEO Jeff Clanagan”<\/a>. Hollywood Reporter.
\n<\/em>RT: 11\/17\/13<\/p>\n

[2] Lionsgate Governance<\/a> RT: 11\/17\/13<\/p>\n

[3] “Lionsgate Near a Deal to Buy Summit, Studio Behind ‘Twilight’ Movies, for $700 Million”.<\/a> The Wire. <\/em>RT: 11\/18\/13 <\/em><\/p>\n

[4] “It’s Official: Lionsgate Has Acquired Summit Entertainment for $412.5 Million”. <\/a>comingsoon.net. <\/em>RT: 11\/18\/13
\n<\/em><\/p>\n

[5] The Hunger Games Explorer <\/a>RT: 11\/18\/13<\/p>\n

[6] Lionsgate Second Quarter Fiscal Report 2014<\/a> RT: 11\/17\/13<\/p>\n

[7] “Lionsgate Stock Jumps on Success From Sleeper Hits”<\/a>. Variety. <\/em>RT: 11\/18\/13
\n<\/em><\/p>\n

[8] “The Hunger Games (2012)”<\/a>. Box Office Mojo. <\/em>RT: 11\/18\/13
\n<\/em><\/p>\n

[9] “Now You See Me Gets a Sequel”<\/a>. Den of Geek! <\/em>RT: 11\/18\/13
\n<\/em><\/p>\n

[10] “Instructions Not Included (2013)”<\/a>. IMDB. <\/em>RT: 11\/18\/13
\n<\/em><\/p>\n

[11] Lionsgate Second Quarter Fiscal Report 2014<\/a>. RT: 11\/18\/13<\/p>\n

[12] “Instructions Not Included (2013)”<\/a>. Box Office Mojo. <\/em>RT: 11\/18\/13
\n<\/em><\/p>\n

[13] “Hollywood Gets ‘Instructions’ From Latino Audiences”<\/a>. Variety. <\/em>RT: 11\/18\/13
\n<\/em><\/p>\n

[14] “Over Thinking: Is it OK To See Ender’s Game?”<\/a>. atomicsam.com. <\/em>RT: 11\/19\/13
\n<\/em><\/p>\n

[15] “Orson Scott Card’s anti-gay views haunt ‘Ender’s Game’ Premiere”.<\/a> LA Times. RT: 11\/19\/13
\n<\/em><\/p>\n

[16] “Ender’s Game (2013)”<\/a>. Box Office Mojo. <\/em>RT: 11\/18\/13
\n<\/em><\/p>\n

[17] “Longtime Lionsgate CFO James Keegan to Retire”<\/a>. The Hollywood Reporter. <\/em>RT: 11\/18\/13
\n<\/em><\/p>\n

[18] “‘Hunger Games: Catching Fire’ on Track for Mega $150 Million-Plus Debut”<\/a>. Variety. <\/em>RT: 11\/18\/13
\n<\/em><\/p>\n

[19] “‘Hunger Games: Catching Fire’ on Track for Mega $150 Million-Plus Debut”<\/a>. Variety. <\/em>RT: 11\/18\/13
\n<\/em><\/p>\n

[20] “‘Hunger Games’ Theme Parks Could Be Coming”<\/a>. Variety. RT: 11\/18\/13
\n<\/em><\/p>\n

[21] “‘Divergent’ Movie First Look!”<\/a>. hypable.com. <\/em>RT: 11\/18\/13
\n<\/em><\/p>\n

[22] “‘Divergent’ Movie First Look!”<\/a>. hypable.com.<\/em> RT: 11\/18\/13
\n<\/em><\/p>\n

[23] “‘Hercules’ Battle Starting Jan. 10 as Lionsgate Moves Epic Forward”<\/a>. Variety. <\/em>RT: 11\/18\/13
\n<\/em><\/p>\n

[24] “Hercules’ Battle Starting Jan. 10 as Lionsgate Moves Epic Forward”<\/a>. Variety. <\/em>RT: 11\/18\/13
\n<\/em><\/p>\n

[25] “Longtime Lionsgate CFO James Keegan to Retire”<\/a>. The Hollywood Reporter. <\/em>RT: 11\/18\/13
\n<\/em><\/p>\n

[26] Steve Beeks Profile<\/a>. RT: 11\/19\/13<\/p>\n

[27] “‘The Hunger Game: Catching Fire’ UK Poster”<\/a>. latino-review.com. <\/em>RT: 11\/19\/13
\n<\/em><\/p>\n

[28] “Erster Trailer f\u00fcr Hercules – The Legend Begins – Bild 2 von 2”<\/a>. www.moviepilot.de. <\/em>RT: 11\/19\/13
\n<\/em><\/p>\n

[29] “Watch All Our Interviews With the Divergent Cast”<\/a>. buzzsugar.com<\/em>. RT: 11\/19\/13<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

By Andrea Reindl<\/p>\n","protected":false},"excerpt":{"rendered":"

Photo courtesy of: [1] www.hollywoodreporter.com website: http:\/\/www.lionsgate.com\/ Company Headquarters: 2700 Colorado Ave., Ste. 200 Santa Monica, CA 90404 Brief History: Photo courtesy of: [3] theatlatlanticwire.com Lions Gate Entertainment Corporation was formed on July 3, 1997 in Vancouver, British Columbia by … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":325,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[28,10,1479],"tags":[1863,1861,518,1867,1844,1857,1843,1852,122,1862,1866,226,1856,1850,1854,1142,771,1848,1847,174,230,1864,1851,1853,1865,1855,1860,1849,262,1859,1845,175,1868,1858],"_links":{"self":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts\/13318"}],"collection":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/users\/325"}],"replies":[{"embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/comments?post=13318"}],"version-history":[{"count":50,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts\/13318\/revisions"}],"predecessor-version":[{"id":17584,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/posts\/13318\/revisions\/17584"}],"wp:attachment":[{"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/media?parent=13318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/categories?post=13318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bejone03.expressions.syr.edu\/trf235\/wp-json\/wp\/v2\/tags?post=13318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}