Net Flix on Monday. cited the reception to the second season of its women's-prison comedy "Orange Is The New Black" as one of the main reasons for its strong second-quarter results. In a letter to its shareholders, Netflix said the second season of "Orange", which debuted on June 6, "became the most watched series in every Netflix territory" during the first month that the season was available. Last week, "Orange" received 12 Emmy nominations for its first season, which debuted in 2013.
Michael Caine has joined the cast of Lionsgate's The Last Witch Hunter. The film stars Vin Diesel as an immortal witch hunter who teams up with a female witch (Rose Leslie) to stop the covens of New York City from releasing a plague on the human race.
The film will be directed by Breck Eisner from a script re-written by Burk Sharpless and Matt Sazama (Gods of Egypt), based on a pitch by Cory Goodman. D.W. Harper and Melisa Wallack also worked on the script. Mark Canton, Bernie Goldmann and Diesel will produce with Samantha Vincent of One Race and Adam Goldworm executive producing. Lionsgate will release the film in North America through Summit Entertainment. Erik Feig, Lionsgate Motion Picture Group Co-President and Matthew Janzen, Lionsgate's Vice President of Production & Development, will oversee for the studio.
Analysts at B. Riley lifted their price target on shares of Lions Gate Entertainment Corp. (NYSE:LGF) to $40.00 in a research report issued to clients and investors on Monday. B. Riley’s target price would indicate a potential upside of 24.77% from the company’s current price.
By the way.......... FOUR a four book series of book collection on the backdrop of the Divergent guy went on sale this week and is #2 on the USA best seller list. This list takes a total sales of all publishers combined including all digital and paperback. Now #1 is Fault in the Stars so we all know its not LGF but its cool because of the girl star in the movie. Now # 8 on the list is just the first book in the FOUR series. Also all of the original Divergent books are still in the top 20s on the list. Not to mention those Hunger Games books are all top 50 and certainly move to the top of the list each time we get closer to movie time.
Ali baba is in a hurry to make itself a dominant force in the Chinese entertainment industry, investing significant sums on production studios and recently announcing a content deal with??Lionsgate. Now, Jack Ma's e-commerce giant has hired the second-most powerful man in the Chinese film industry to run its fledgling Alibaba Pictures Group.
Zhang Qiang, the vice president of China Film Group, has, according to sources close to the situation, accepted the role of heading up the new upstart studio, says the Wall Street Journal. Zhang had denied such rumors earlier in the week, but the hire seems to be an open secret in the Chinese film industry, according to the Journal.
If true, Zhang would be leaving the China Film Group, the state-run body that distributes the majority of films in China. Zhang has been the face of the subsidiary China Film Co. and was a key figure in a co-production deal struck with Paramount to create a 3D film about Marco Polo, as well as signing off on a significant equity investment in two projects at Legendary Entertainment.
With a U.S. listing on the horizon, Alibaba has been on buying frenzy in recent months, with the focus very much on its entertainment arm. Alibaba paid $800 million for television and film production company ChinaVision Media Group and renamed it??Alibaba Pictures Group. Just last week Alibaba announced a content streaming deal with Lionsgate that will be exclusive to Alibaba's entertainment platform. In recent days,??Alibaba announced plans to take a stake in Chinese video site Youku. Previously, Alibaba had forged closer links with Wasu Digital Media Group to create set top boxes, digital content and Internet TV. ??
US cablenet TV Guide Network (TVGN) has entered into an exclusive international distribution deal with Banijay International for its new original series and entertainment shows.
The agreement gives the London-based distributor access to first-run programming broadcast on the channel, which is jointly owned by CBS and Lionsgate.
In addition to the new programming, the deal includes TVGN’s back catalogue of more than 130 hours, covering both in-house productions and third-party commissions.
TVGN shows under the agreement include Jarrett Creative Group’s reality series Rock This Boat: New Kids on the Block, The Sorrentinos and TV Guide Productions’ The Story Behind, which takes viewers behind the scenes of popular sitcoms.
The deal was brokered by Banijay International’s global acquisitions manager, Fanny Baudry.
Wallstreet loves subscription revs that smooth things out and are somewhat predictable. With LGF its just another free money kind of thing like the content catalog we own. I mean Netfilx has costs and something like World Of Warcraft has costs but with LGF its just further use of our content. This deal is huge with so many households too right out of the gate. If the number guys are not getting ready to put a new multiple on LGFs valuation right now I would be shocked. We could be like a mini Netflix but more diverse with lower costs. Our takeover mojo just took viagra.
BASIC PRINCIPLES: IMMINENT GOVERNMENT
No U.S. statute, rule, or regulation imposes a per
se duty on a registrant to disclose that the registrant
or a director is the subject of a government
Reg. S-K, Items 103 (the Company) and 401(f)
(Directors) require disclosure when a formal
proceeding is filed or is known to be imminent.
An investigation is not a proceeding, whether
voluntary, by subpoena, search warrant or CID.1
• A proceeding is imminent when the
Government makes clear that it is will be
filing a regulatory proceeding or bringing
criminal charges in the near term.
• The classic guidance is that the issuance
of a Wells Notice is the triggering event that
makes disclosure necessary, but no court
has ever made that ruling.
• Richman v. Goldman Sachs Group, Inc.,
10 Civ. 3461 (June 21, 2012 S.D.N.Y.),
most recently holds a Wells Notice is not a
• “At best [for Plaintiffs], a Wells Notice
indicates not litigation but only the desire
of the Enforcement staff to move forward,
which it has no power to effectuate. This
contingency need not be disclosed.”
A Lionsgate spokesman said in an e-mail that the lawsuit is “wholly without merit.” Lionsgate is based in Vancouver, British Columbia, and has offices in Santa Monica, California.
The plaintiff in the shareholder lawsuit, Laborers Pension Trust Fund-Detroit & Vicinity, said Lions Gate knew for more than a year before the settlement that the SEC and NYSE were looking at the transactions. But it said the company deliberately concealed it, including on a Feb. 7, 2014, conference call when an analyst asked why the company had recently boosted a reserve for legal costs.
The lawsuit said Lions Gate's actions fraudulently inflated its stock price. It seeks class-action status on behalf of shareholders from Feb. 11, 2013, to March 13, 2014.
Four Lions Gate officials, including Chief Executive Jon Feltheimer, are also defendants. Icahn is not a defendant.
The case is Laborers Pension Trust Fund-Detroit & Vicinity v. Lions Gate Entertainment Corp et al, U.S. District Court, Southern District of New York, No. 14-05197. (Reporting by Jonathan Stempel in New York; Editing by Leslie Adler)
Actually thats not really true Joe. In one or two spots I saw they had something positive to say about President Obama. haha It has a couple views of America but its kind of short on facts and more on a view or opinion of the director. You can shoot alot of holes in that flick and the flick itself shoots holes in itself. I think it was created by the guy just to stir things up and get some attention. IMHO
On another note just to clarify for the guy who asks about LGFs film slate for the year. Most of the films LGF puts out or picked up for some type of distribution are not even slated for release until a couple months before. Sooooooo while lets say they have 6 movies set right now for BO for the rest of this year they will probably do 10 to 12. Should come in around 15 for the entire year when we started with like 7. As most here know LGF buys alot of independent films and then just adds them to the roster a couple months out.
Im not so sure they were able to secure an opening at all in China. They were trying to but were fuzzy on the details other than saying perhaps in the summer months ago and then they just stopped talking about it. Then of course we have Burns saying "Looks like Divergent will end up doing $150 mil global box office" just a couple weeks before it did. My bet is no China.
Sure be nice to see that short interest come down a reasonable amount now. Notice that insiders sure must want to drop a few shares at much higher prices. Its been a while for them. I myself am sitting here more comfortable just holding shares and finished with LGF options for now. Problem is I like to control large positions which requires buying large blocks and holding 10k shares right now doesnt feel like enough considering the hit I just took on this thing. The global market and a pullback in usa exchanges has me worried and gun shy to be too bullish on LGF stock itself. Even if it doesnt happen it sure would be nice to get some takeover speculation to get this thing running.
Thats a pretty funny thing to say. If you didnt care you wouldnt post. I mean its not like your providing company info or something. Youre posting your individual investment trades. So of course you care. Peace
Anytime the public can get any content for free it certainly cant be good for companies like LGF that create it.
Fans of the Divergent series by #1 New York Times bestselling author Veronica Roth will be thrilled by these four stories, each between fifty and seventy-five pages long, told from the perspective of the immensely popular character Tobias. The four pieces included in this ebook bundle—“Four: The Transfer,” “Four: The Initiate,” “Four: The Son,” and “Four: The Traitor”—give readers an electrifying glimpse into the history and heart of Tobias, and set the stage for the epic saga of the Divergent trilogy.
Two years before Beatrice Prior made her choice, the sixteen-year-old son of Abnegation’s faction leader did the same. Tobias’s transfer to Dauntless is a chance to begin again. Here, he will not be called the name his parents gave him. Here, he will not let fear turn him into a cowering child.
Newly christened “Four,” he discovers during initiation that he will succeed in Dauntless. Initiation is only the beginning, though; Four must claim his place in the Dauntless hierarchy. His decisions will affect future initiates as well as uncover secrets that could threaten his own future—and the future of the entire faction system.
Two years later, Four is poised to take action, but the course is still unclear. The first new initiate who jumps into the net might change all that. With her, the way to righting their world might become clear. With her, it might become possible to be Tobias once again.
Haha they just spent a few mil to change it to this one a couple months ago. Besides I can think of a billion things ahead of changing their opening image to get the share price up. In fact except for Divergent so far this year I wish the LGF logo was no place to be seen.
LGF is in talks with Steve Carell to produce road-trip comedy “International Incident” with Ken Jenog in negotiations to star.
Carell will produce through his Carousel Prods.
Lionsgate’s Summit Entertainment bought the pitch for the project from “The Maya Rudolph Show” head writer David Javerbaum, who will write the screenplay about five United Nations delegates on a journey to find one of their lost loves.
Carell will be seen later this year in " Foxcatcher,” which premiered at Cannes. Carousel is developing several film projects including “Mail-Order Groom” with Tina Fey.
Javerbaum worked with Carell on “The Daily Show with Jon Stewart.”
Well I cant blame you for thinking 24 is coming for LGF before 30 but I dont see it in the chart or now that earnings growth is predicted each and every q going forward for about the next 3 years.
Draft Day barely made back its budget and could be considered a flop, Lionsgate is facing legal trouble over it.
Lionsgate Films has filed legal documents trying to stop a possible lawsuit from William (Wil) Mara. His novel The Draft covers the NFL Draft, which was the plot of the film. Mara claims that Lionsgate used his book for the movie and claimed the film was an original story. Lionsgate claims that the book and movie after significantly different (including the teams, plots and characters). They also said that while their movie takes place on an actual draft day, most of the book does not.
Lionsgate is now trying to get the entire matter resolved before the film arrives in DVD.