Funny how the Seeking Alpha article never mentions the TV and internet productions making loads of money, or the DVD etc. sales of all their other content. Did they think the name of the company was Lionsgate "Films"?! Can't even say the article was as good as judging a chocolate bar by feeling the wrapper. Expect better from Seeking Alpha.
And great news for NY'ers, "Orange is the New Black" is filmed in Queens NY--more jobs and more work!
Sentiment: Strong Buy
Everywhere you look there's a Lionsgate TV show; I'm constantly amazed to find out--"oh, that's an LGF show too!" So with all that revenue and all the movies for rentals/sales, are we finally ready for some solid income?! Especially with that blood-sucking pesky Icahn gone and not distracting everyone?
He's not just an investor, he's in it for the sport. Bets are, he'll come back swinging in the new year. Don't think he'll want to have wasted all that postage sending me proxies.
They're too busy torturing the SAG folks! But you'd think they would do well with all their TV production going gangbusters, even if movie productions are on hold.
Haven't been around in a long time (drat the working full time), and was also very unpleasantly surprised at the message board change. I did however stumble on a way to view each message in order--like any sane person would want. If you can find your way through the clutter to the upper right corner of the message box (above the stupid picture) where the day/time stamp is, you'll see arrows on either side. Just click on the right one to go forward message by message, and the left one to go back. Whew, what a pain in the...
Just call me Sybil...
Loooong time invester who happens to be a techno-weenie; I've only ever posted under my cat's nickname. Naturally, I screwed up with the second note.
Sorry for the confusion.
Posted: Mon., Nov. 7, 2005, 6:35pm PT
Gate's niche pix golden
'Antistudio' business booming
By ELIZABETH GUIDER
NEW YORK -- Billing itself as "the antistudio," Lions Gate has methodically built a business by exploiting such niches as horror, teen comedies and urban-artsy pics as well as cable TV dramas like "The Dead Zone," fitness videos and Barbie products.
"We will have had five hits in 2005, including three franchises -- in 'Saw,' 'Punisher' and 'Diary of a Mad Black Woman,' " vice chairman Michael Burns told a group of investors Monday at the Harris Nesbitt Media and Entertainment Conference in Manhattan.
Just 10 days ago, in Lions Gate's best movie opening ever, "Saw II" showed how that alternative strategy can pay off.
The scary movie cost $5 million to make (of which 70% was covered in pre-sales) and $20 million to market. It grossed $30.5 million the first weekend and $17 million in the second. DVD will do the rest.
The company's latest horror click is just one instance of the calculatedly conservative approach the company has taken in playing the indie game in Hollywood.
Speaking at the conference two days before the company announces third quarter results, Burns called business "robust."
Even so, Harris Nesbitt senior research analyst Jeffrey Logsdon pointed out, there is an unprecedented disconnect between the muscular performance of many media companies and the lack of enthusiasm for those companies on Wall Street.
"Never in 20 years have the sentiment and stock performance so diverged from fundamentals," Logsdon told the conference participants in kicking off the two-day confabconfab.
"We think the health of the entertainment industry is pretty strong. We don't believe these kinds of (stock) discounts are warranted. Maybe one has to be more select, but there is money to be made," Logsdon argued.
Harris Nesbitt is the U.S. investment arm of BMO Financial Group and services middle market companies in a dozen industry sectors, including media and communications.
'Vomitorium' is actually a real word. The tunnel entryways from a lobby into a theatre's or stadium's stage area are called vomitoria.
Theatrical lore has it that nervous actors would run out, vomit, come back--and on with the show. But Dictionary.com explains: "in a theater or stadium, esp. ancient, a passageway leading to and from the seating; from Latin vomitorius, alluding to the path's discharging of the spectators"
Ebert: an in-the-know kind of theatre guy.
Lawn chair flight of fancy.
Consolation prize since I did not get to see Danny Deckchair?