{"id":8766,"date":"2013-04-08T11:59:31","date_gmt":"2013-04-08T15:59:31","guid":{"rendered":"https:\/\/bejone03.expressions.syr.edu\/trf235\/?p=8766"},"modified":"2013-04-13T20:05:47","modified_gmt":"2013-04-14T00:05:47","slug":"lionsgate-entertainment-5","status":"publish","type":"post","link":"https:\/\/bejone03.expressions.syr.edu\/trf235\/2013\/04\/08\/lionsgate-entertainment-5\/","title":{"rendered":"Lionsgate Entertainment"},"content":{"rendered":"
by Robbie Lezama<\/pre>\n
\u00a0 \"Lionsgate\"<\/a><\/b>
\n<\/strong><\/p>\n
\u00a02700 Colorado Ave., Ste. 200<\/strong><\/p>\n
<\/strong>Santa Monica, CA 90404<\/strong><\/p>\n
Telephone (310) 449-9200\u00a0<\/strong>
\nFacsimile (310) 255-3870<\/strong><\/p>\n
http:\/\/www.lionsgate.com\/<\/p>\n
<\/b>Brief Overview:<\/strong><\/p>\n
<\/b>One of the Liongate\u2019s most profitable subsidiaries, Lionsgate Films continues to compete in the film industry as a \u201cmini-major\u201d studio, producing hits like The Hunger Games and distributing the infectious Twilight series. While Lionsgate Entertainment also focuses on the production and distribution of television, family\/home entertainment, on demand and digital content, we know Lionsgate mainly for the films. Noteabley, Lionsgate Films also owns Summit Entertainment, which produced Twilight, and 43% of the production studio Roadside Attractions.<\/p>\n
\"\"<\/a>\"\"<\/a><\/strong><\/p>\n
Twilight and The Hunger Games<\/strong><\/p>\n
<\/strong>When people in the film industry think of Lionsgate, they think of The Hunger Games and the Twilight Series. The Hunger games grossed about $68.3 million after it came to theaters on March 23, 2012. Subsequently, its first weekend barreled through and came out with $152.5 million. This became\u00a0Lion gate\u2019s\u00a0highest grossing film in just one weekend. The Twilight series has become attracted a global fan base and continues to sell both in and out of theaters. The last installation of the series was released in theaters November 12, 2012. Lions Gate’s timely\u00a0acquisition\u00a0of Summit Entertainment aided in the studio’s continual success.<\/p>\n
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Executives<\/strong><\/p>\n
\"\"<\/a>
Jon Feltheimer<\/p><\/div>\n
CEO Lions Gate Entertainment:<\/p>\n
Jon is the Chief Executive Officer of\u00a0Lions Gate Entertainment<\/a>\u00a0and has held that position since 2000. Feltheimer’s has led Lionsgate to grow into the leading\u00a0American\u00a0independent filmed entertainment studio.Before joining Lionsgate, Mr. Feltheimer spent nine years at Sony Pictures Entertainment, where he served as head of the Columbia TriStar Television Group and head of Sony Entertainment Television.<\/p>\n
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\"\"<\/a>
Patrick Wachsberger<\/p><\/div>\n
CO-Chairman Lions Gate Films<\/p>\n
Patrick Wachsberger is the President and CEO of Summit Entertainment and also serves as a Co-Chairman for Lionsgate Films. \u00a0Prior to running Summit Entertainment, Wachsberger served as President and CEO of Odyssey Entertainment and Odyssey Distributors, Ltd. Prior to heading Odyssey, Wachsberger was President of J & M Entertainment, one of the industry’s leading foreign sales companies. He served there for 11 years.<\/p>\n
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 <\/p>\n
\"Rob<\/a>
Rob Friedman<\/p><\/div>\n
CO-Chairman Lions Gate Films:<\/p>\n
As Co-Chairman of Lionsgate Films, Rob oversees all aspects of Lionsgate\u2019s domestic and international feature film acquisition, production and distribution as well as the home entertainment releases of theatrical feature films.<\/p>\n
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\u00a0Financials:<\/strong><\/p>\n
Lionsgate Entertainment:<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Financial Highlights<\/span><\/td>\n<\/tr>\n
Fiscal Year End:<\/span><\/td>\nMarch<\/span><\/td>\n<\/tr>\n
Revenue (2012):<\/span><\/td>\n1587.60 M<\/span><\/td>\n<\/tr>\n
Revenue Growth (1 yr):<\/span><\/td>\n0.30%<\/span><\/td>\n<\/tr>\n
Employees (2012):<\/span><\/td>\n607<\/span><\/td>\n<\/tr>\n
Employee Growth (1 yr):<\/span><\/td>\n24.90%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
Films like Twilight and Expendables 2, helped the film studio to a $37.8 million in profit for the third quarter. Liongate’s total film revenue was $673.5 millon. This is due to the increased revenue streams of the studio’s home entertainment and theatrical divisions. The studio, “brought Twilight franchise in-house when it bought Summit at the beginning of 2012.” Even after the transaction of $412.5, Lionsgate still made more than $52 million in the quarter.<\/p>\n
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Current News:<\/strong><\/p>\n
CBS And Lionsgate Enter 50\/50 Partnership On Highly Distributed Entertainment Cable Network<\/strong><\/p>\n
On March 26, 2013 CBS and Lionsgate entered a 50\/50 partnership for the cable network TVNG and TVGuide.com. Originally, Lionsgate had purchased TV Guide for $255 million in 2009 and sold JP Morgans, One Equity, a %49 share towards the end of that year. In this deal CBS bought their share for $100 millon from One Equity. In the end, this partnership will allow\u00a0“CBS’s programming, production and\u00a0marketing assets\u00a0with Lionsgate’s resources in motion pictures, television and digitally delivered content.”<\/p>\n
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\u00a0<\/b>DVD and Blu-ray Sales for the Fifth Film in The Franchise Increase From Breaking Dawn – Part 1’s Opening Weekend<\/strong><\/p>\n
The Twilight Saga: Breaking Dawn Part 2, which came out in stores March 2, had record breaking numbers. Overall the film has grossed $829 million at the box office. The fact that this is the fifth film in the franchise and is the highest grossing, goes to show how powerful the fan following really is. By purchasing Summit Entertainment on Janurary 13, 2012, Lionsgate was able to bank on this last Twilight film which continues to thrive. Blu-ray sales accounted for a about 27% of first weekend sales. This is 22% up of the first weekend sales of Breaking Dawn Part 1.<\/p>\n
<\/b>Whats Next for Lionsgate films?<\/strong><\/p>\n
Temptation<\/strong><\/p>\n