500 theaters or so is like a baby wide release I guess with hopes I imagine to expand which isnt going to happen. In fact I bet its not even around next weekend at all. My thing is with a $50 mil production budget that huge for a LGF film. Now I am sure LGF is only on the hook for so much buttttttt with a budget that high and perhaps even marketing needed to be added to this............ We may be looking at the worlds worse outing ever. No way its ever going to come close to covering costs even with vod, tv, web, whatever. I just cant believe that few a people went to see it. It did like $1000 per screen for all Thur to Sun. You got the Mall Cop flick with a zero % fresh on rotten tomatoes.
the opening was referred to as a "face plant." It was a limited opening so LGF knew this was not going to be a hit. Get it to SVOD quickly - that's where I'll watch it. Let's see what happens with the Age of Adaline. Looking forward to the next ER to see if relationships in Asia are starting to pay off. GLTA
I cant believe child 44 cost 50 mil to make and made 600k opening weekend. I knows its not all on LGFs back cost wise but that has to be a record. Considering it also has some big stars. Management sure didnt show much talent putting that dog out. I wonder what marketing cost. Jeeeze
stock is setting up for a breakout move. IMO it should happen in 2nd half. the longer the base the bigger the move!
Maybe its a stupid movie what do I know. Im not its target. I think Twilight, HG, and Divergent are stupid movies. I look at buzz and if its set to make a nice profit which it is. And your right LGF DISTRIBUTES some real bad movies. Its what they do. If I feel ashamed about something its that Im in a stock that a hedge fund controls and not the market.
Age of Adeline is a stupid movie with a plot that mimics how many current TV shows? Too little, too late. I'm ashamed to tell people I own this stock, given the ridiculous movies they produce and has-been actors they employ.
A real small boost considering its entire domestic run box office is predicted at 4.5 mil plus a 500 opening weekend theater count plus a 30% on rotten tomatoes plus a marketing plan that in total is about a few facebook posts. Anyway I am not even sure if LGF has anything to do with this pic in Russia. I also wish that LGF would switch things around and release good movies in theaters and suck movies on demand. Age of Adeline is the next batter up with a shot at actually doing pretty well for the company.
Russia's ban should result in at least a small boost in domestic box office. The boost could be more depending on the amount of media coverage.
With MHR and Malone on the board there is something big behind the curtain and my hope is 2015 is the year we get the prize behind the curtain - most likely in 4Q. This quarter may be light unless we can pull a rabbit out of the hat with SVOD. Growing presence in China bodes will for the future so maybe we'll see some of those results next ER.
There is either some big behind the curtain plan here or this was the worse company offering - non company offering I have ever seen. Actually there are parts of it that I cant even make sense of. haha
dan - was anticipating a pull back in to the 28-30 range into the next ER. I'm still convinced that we'll eventually get purchased, but if we move back into the upper 30's I will sell 1/2 of my position. The wait has been a long one.
Let me sell all readers of this my method for picking stocks by throwing a dart at the WSJ. If interested please respond with major credit card number, date of expiration, and security code.
LGF has very good FUTURE PROSPECTS. The secondary is being done for various reasons that will play out in time. From a long term perspective LGF has game and will show that going forward. Two years from now it will be well over $ 40 bucks.
Current stock ownership:
Michael Burns 1,604,139 shs
Jon Feltheimer 1,390,925 shs
Feltheimer has sold 1M shares, through automatc sales (4 blocks of 250,000), from September 2014 through April 2015.
Burns didn't sell any unusually large blocks during the same period.