I went to the 3:35PM matinee here in So. Cal. Not a great movie but still much better than the reviews I've read. CGI quality was uneven but did not detract much from the movie and seemed about par for a fantasy movie. The theater was about 10% full for the matinee. Audience laughed at the appropriate moments and by large seemed to enjoy it. My score: 3/5
Burns said no buybacks for 3 days after ER, which I presume means mgmt can restart buybacks on Wednesday. Approval of 250 million for buybacks doesn't mean there is 250 million already set aside, but that 250 million has been approved over a set period of time.
Hopefully, mgmt will use available cash for buybacks wisely. IMO, they owe us big time.
According to CNBC. Why doesn't Apple put some of that money to good use? I'd suggest getting in the content business. For example: Hulu + Lionsgate = Netflix' worst nightmare as Netflix has to buy it's "Original" content. Hulu + Lionsgate could be bought for under $15 Billlion and you'd have a streaming service that creates it's own content.
China's Dalian Wanda Group will buy a controlling stake in Hollywood film studio Legendary Entertainment in a deal valued at $3.5bn (£2.4bn).
The announcement, made at a press conference by both firms in Beijing, comes after a week of rumours about a possible deal.
Wanda is the world's biggest movie theatre operator with a majority stake in the US chain AMC.
The rapidly growing group is led by China's richest man Wang Jianlin.
Mr Wang has been looking to buy a Hollywood studio for several years and was reported to be in talks with DreamWorks Animation last year, but a deal was not announced.
Legendary is the maker of blockbuster hits such as Jurassic World, the Dark Knight Batman trilogy and Godzilla.
Chairman and chief executive Thomas Tull, who also started the company, will remain as the head of the studio.
Liberty Media Corp. plans to carve up its assets into three tracking stocks in an effort to raise capital and better highlight the performance of Sirius XM Satellite Radio and other interests.
Liberty plans to reclassify shares of Liberty Media into three tracking stock groups: Liberty Sirius Group, Liberty Braves Group and Liberty Media Group. The tracking stocks are expected to launch in the first half of next year, subject to Liberty Media shareholder approval.
Search for the article from Variety
Panic from the ignorant creates a buying opportunity for the rest of us. As j0ndalar posted, there will not be any dilution of shares.
Le Vision Pictures USA will distribute Lionsgate’s upcoming fantasy epic Gods of Egypt, starring Gerard Butler, in China. The companies previously partnered on the release of The Expendables 3, which grossed $72.9 million in China last year thanks in part to Le Vision’s innovative “Internet-plus” marketing strategy. Zhang explained the tactic at the launch event with a charming illustration of how The Expendables 2 reached out to young men online to convince them to purchase tickets for their fathers (the Expendables franchise’s target demographic around the world) and timed the release to China’s Mid-Autumn Festival in order to turn the movie into a family event.
“We noticed how effective you are at marketing to mass and particularly young adult audiences,” said Lionsgate COO Brian Goldsmith to Zhang during a brief onstage conversation. The respective successes of the two studios’ youth-skewing series (The Hunger Games and Divergent for Lionsgate, Tiny Times for Le Vision) make them two studios logical partners for “bringing Chinese youth IP to the world,” said Zhang, adding that Lionsgate and Le Vision will announce a couple more titles in the future.
LONDON — Lionsgate has acquired U.S. rights to the animated 3-D family adventure film “Robinson Crusoe” from European studio Studiocanal.
The movie will be released wide Stateside by Lionsgate’s Summit Entertainment label in mid-2016, following Studiocanal’s European release.
The pic tells Crusoe’s story from the point of view of his quirky companions, including his parrot Tuesday, who dreams of exploring the world. It is directed by Ben Stassen and Vincent Kesteloot, and is produced by nWave Pictures.
The deal follows Lionsgate’s acquisition last week of U.S. rights to Studiocanal’s thrillers “The Commuter,” starring Liam Neeson, and “Our Kind of Traitor,” starring Ewan McGregor.
How did you find out about the Stephenie Meyer press conference? I didn't see anything on her website and didn't find anything on Google? A beat on earnings, upbeat CC & potential Twilight movie announcement would do wonders for the stock next week.
Great performances from Emily Blunt and Benicio Del Toro. Great pace, soundtrack, cinematography, sustained tension and sense of impending doom. The movie wasn't too short or too long. The percussion/heartbeat-like soundtrack was fantastic and complemented the movie just as the famous Jaws theme did for it's movie. I can understand why there is already speculation about a sequel involving Benicio Del Toro.
I'd love to see LGF partner up, take on Netflix and beat them at their own game. In fact, I'd like to see LGF lead everyone else in all platforms.
Since February 2013, when Michael Burns stated on CNBC that LGF could be bought for the right price, there have been numerous discussions/negotiations to buy DWA, LGF & STRZA. None have succeeded so far. Content creators are obviously demanding a higher multiple, so I'll be jumping for joy when the first deal is finally done as other deals will likely follow.
Ditto about being Burns' best interview. Burns wasn't shy about justifying LGF's current PE ratio and said an even higher multiple is deserved for content suppliers. I found some entertainment watching Tim Seymour's reaction to Burns' interview/presentation. Tim Seymour had recommended taking profit yesterday.
Re: Fast Money
As you may recall, the Fast Money guys discussed the fact that Animal Planet and Discovery Channel are more Disney friendly than R-rated movies from LGF. Just keeping it real.
IMO, we REALLY need a "beat" in earnings. An earnings beat coupled with a short squeeze will do wonders for the share price. Conservatively, I'm thinking $45, but with the right amount of panic $50 could happen.