AMC has given a straight to series pickup to “Broke,” a drama from Clyde Phillips about two troubled friends who open a restaurant.
AMC has ordered 10 episodes of the series, targeted for debut next year. Project is based on the Danish series “Bankerot.” Lionsgate TV and AMC Studios are co-producing the project, to be exec produced by Phillips, Henrik Ruben Genz, Malene Blenkov and Piv Bernth.
“Broke” revolves around a talented chef who is in trouble with the mob and a recently widowed sommelier who is raising his teenage son. The two decide to pursue their longtime dream of opening a restaurant together despite their many personal trials.
Phillips is coming off of Showtime’s “Nurse Jackie,” which he steered as showrunner for its final three seasons. He was also a driving force behind Showtime’s “Dexter.”
“Clyde Phillips is a supremely talented creator we’ve known and admired for years,” said AMC president Charlie Collier. “Clyde has repeatedly demonstrated his skill for crafting complex, flawed, yet irresistible characters, and we’re looking forward to him bringing his continued brilliance to ‘Broke.’ We’re also so happy to be partnering once again with our good friends at Lionsgate after the extraordinary journey we shared on ‘Mad Men.’ ”
I had to chase this stuck up to 12 dollars a share, and continued to build my position. Now, I did sell some shares recently because I need a new car. And, thankfully I can afford a nice one. Holding on to the rest of them, expecting it to continue to go up.
The digital world is in rapid change. Connected car+video= The future.
Would love to see YAHOO or LYV come lookin around here. STRZA -LGF fit in this. Watch what happens then to the price. SIRI -another asset that fits..
I don't expect we'll see better numbers for Allegiant 1 or 2 domestically either. I am looking forward to seeing American Ultra and The Last Witch Hunter.
Well it actually had much higher expectations then the box office delivered. That being said who knows how the deals LGF made work out for property profitability overall. One thing for sure is that Insurgent all together cost about 50 mil more than Divergent. LGFs cost on the film are pretty unknown. It was profitable for us we just dont know how much.
Diversification is a good thing. Over the years I had several opportunities to sell LGF. My wife said I was crazy for not selling at 9, even crazier for holding at 16, so I guess now she would deem me totally our of it. The way I see it I will maintain a position unless the fundamentals are breaking down. The fact is I see the current fundamentals of LGF improving. best wishes.
I understand, but I want to take some off the plate for diversification purposes. If you have patience and some money, you can get a good deal. Like I missed out on buying LGF in the upper 20's, didn't have any money nor did I want to play options, so I have to wait. Once you get an opportunity to sell some of it, you got to take it, because the market changes quickly. I missed alot of opportunities with Whole Foods, Expedia, Fire Eye, etc..., but that's the way it goes.
March 4, 2015
NEW YORK AND LOS ANGELES – Debmar-Mercury and the FOX Television Stations today announced that FOX, which operates one of the nation’s largest owned-and-operated network broadcast groups, has acquired Comedy Central’s highly popular “Tosh.0” starting in fall 2015.
The clip/sketch comedy series, known as cable TV’s most trusted source for all things Web, will air on FOX stations in New York, Los Angeles, Chicago, San Francisco, Dallas, Washington, D.C., Houston, Charlotte and Minneapolis.
Reruns of the long-running and widely popular weekly clip/sketch comedy series feature the piercing humor and biting commentary of comedian Daniel Tosh. More than 120 episodes will be available for syndication to broadcast stations nationally as a late night strip or stacked on weekends.
Since June 8th, volume has been average at best. Certainly not all of the volume was short covering. Days to cover for shorts was approx. 10-11 days. It seems to me that if LGF can clear $38 VERY soon (Monday is suitable for me), we could see this rally continue awhile longer as remaining shorts panic. IMO
I began selling some of my extra shares but still am long 7200+ shs.
John sorry for over simplifying the situation. Yes both companies have debt and both have credit, In LGF's case I look at WACC and see they are making money and can service their debt or pay it down, Same would apply to STRZA. By merging operations they would achieve economies of scale and would accelerate debt pay down. If you look at LGF EPS from last year we were down on the number of releases and a couple of bombs. This year we have a lot more going for the company and long/short fund managers know it.
If a deal is in the works for a merger it would have to benefit both companies and shareholders, and for long term holders that is a good thing.
Joe you keep bringing up this $4 a share in earnings for the combined company. I dont get it. The COMBINED/MERGED company would have like 300 mil shares along with debt. That math you put out in another post for LGF stock price if merged with STRZA was based on LGFs share count alone right now. You make it seem like you are just adding STRZA earnings to LGF present share price an thats it. If you are going to add STRZA earnings you got to add their shares. Explain what you doing cause I know you know what Im saying. Thanks.