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LGF

Lions Gate Entertainment Corp.

6/20/2013, 2:55 AM ET

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Monday, June 17, 2:39 PM Out with the old. The Netflix-DreamWorks Animation deal signals an important change in the way content is distributed, according to industry watchers The most important part of the deal is that it focus on exclusive fresh content for Netflix (NFLX +6.8%) from DreamWorks (DWA +4%) - instead of just filling up a library with older titles. The big picture: A bidding war for new films from Hollywood studios (LGF, SNE, VIA, CMCSA, DIS) could help the industry maximize profits. George Lucas and Steven Spielberg called it (I, II) last week when they predicted giant upheaval for the film industry. 5 Comments [Consumer]
Monday, June 17, 11:36 AM S&P upgrades Lions Gate (LGF +0.9%) to B-plus from B citing decreased leverage following the repayment of a $65M loan, growth in discretionary cash flows, and an outlook for "modestly" improved credit metrics going forward. 1 Comment
Thursday, June 13, 3:39 PM The glass half full: George Lucas and Steven Spielberg weren't sounding the death knell for the movie industry when they warned of an implosion but a paradigm shift away from multiplex theaters (CKEC, CNK, IMAX, RGC). When the day comes when mega-budget films from top studios (CMCSA, DIS, TWX, LGF, SNE, DWA) bomb at the box office, look for new mediums at home to emerge as first-run options. "There has never been more exciting potential," notes Spielberg. (video) 4 Comments [Consumer]
Monday, June 3, 12:15 PM Lions Gate (LGF +0.4%) signs CEO Jon Feltheimer to a new long-term contract, extending his tenure until May 2018. The board notes the company's market cap has increased to about $80B from $4B when Feltheimer took the reins 13 years ago. His team - Vice Chairman Michael Burns, co-COOs Steve Beeks and Brian Goldsmith, and CSO Wayne Levin have all signed long-term contracts this year. (PR) 1 Comment [Consumer]
Friday, May 31, 12:22 PM No company in the world is cashing in on the teen book to movie phenomenon quite like Lions Gate (LGF +8.2%) which roared passed analyst estimates with its FQ4 report (I, II) and is prowling around at an all-time high share price. Though the Twilight and Hunger Games series capture much of the attention due to their enormous contribution to the firm's revenue - new movie adaptions for Ender's Game and Divergent could do just as well and are a big part of the LGF story. Comment!
Friday, May 31, 9:14 AM A booming box office in China has major film studios (SNE, VIAB, CMCSA, LGF, TWX) catering more than ever to Chinese audiences. While passing censors in China was once the focus for U.S. film producers, now scripts are being edited not to offend. Dreamworks Animation (DWA) CEO Jeffery Katzenberg on the trend: "We used to blacklist screenwriters for being communists. Now we’re taking script notes from a communist government." 1 Comment [Consumer]
Thursday, May 30, 5:33 PM After-hours top gainers, as of 5:45 p.m.: OVTI +15.9%. KKD +9.7%. GES +8.4%. LGF +4.4%. UGI +3.9%.
After-hours top losers: PANW -13.7%. SPLK -3.8%. GPK -3.3%. MHGC -2.9%. ESL -2.3%. Comment! [On the Move]
Thursday, May 30, 4:18 PM More on Lions Gate Entertainment's (LGF) FQ4: The studio ended the fiscal year with a bang to take its revenue haul for the period up 71% Y/Y to $2.71B, led by a 96% rise in its Motion Picture segment. Home entertainment revenue improved 41% to $964.1M during FY13 as The Hunger Games and Twilight series both had a strong post-theater life. Profitability was boosted by a drop in interest expenses and lower distribution costs. The company's filmed entertainment backlog (contracted future revenue not yet recorded) was $1.1B at the end of the quarter. LGF +3.8% AH. (PR) 2 Comments [Consumer, On the Move, Earnings]
Thursday, May 30, 4:12 PM Lions Gate Entertainment (LGF): FQ4 EPS of $0.66 beats by $0.23. Revenue of $785.7M beats by $53.62M. Shares +2.8% AH. (PR) 2 Comments [Earnings, Breaking News, On the Move]
Thursday, May 30, 12:10 AM Notable earnings after Thursday’s close: CPRT, GES, KKD, LGF, OVTI, PANW, PLL, SPLK Comment! [Earnings]
Wednesday, May 29, 5:35 PM Notable earnings after Thursday’s close: CPRT, GES, KKD, LGF, OVTI, PANW, PLL, SPLK Comment! [Earnings]
Wednesday, May 29, 9:08 AM Goldman analyst Drew Borst cites "higher U.S. box office and home video revenue" as factors supporting a higher price target ($30 from $22.75) for shares of Lions Gate Entertainment (LGF). Goldman maintains its Neutral rating on the stock. 2 Comments
Thursday, May 23, 10:35 AM Art meets Finance: Lions Gate (LGF +2.4%) trades higher as enthusiasm builds for the company's prospects after a strong performance at the Cannes Film Festival. The crown jewel for the studio this year will be the release of The Hunger Games: Catching Fire next November and in a nice little twist of cross-selling the movie's teaser trailer displays the LGF stock symbol at the closing. (trailer) Comment! [Consumer, On the Move]
Wednesday, May 22, 7:05 AM Lions Gate (LGF) says it set a sales record at the Cannes Film Festival, earning more than $250M from its 9 titles to top last year's mark by over 50%. The company notes its strong performance was boosted by its increased ability to self-distribute in key regions. Comment! [Consumer]
Friday, May 3, 10:33 AM The slow start to the movie season could get a jumpstart from the 22 big-budget films slated for the summer months - compared to the 15 +$100M budget films last summer. Though the industry could make up some ground with theater revenue down 12% Y/Y so far, the crowded schedule will also pressure studios to increase their marketing spending and could leave a few of them with +$150M losses on flops to pass on to their parent companies (SNE, VIAB, CMCSA, LGF, TWX, DWA) . Comment! [Consumer]
Wednesday, May 1, 1:37 PM A standoff between movie studios (SNE, VIAB, CMCSA, LGF, TWX) and China's government over the percentage of the box office take studios can keep could have big implications on revenue totals down the road. Moving to a 25% cut from 13%-17% seemed like a big win, until China starting toying around with some extra taxes to levy on the group. The development is also something to watch for IMAX if it sees its pipeline cut down a bit. The tricky part: Playing hardball with China means studios risk getting banned from the country entirely to see that cut go all the way to 0%. 1 Comment [Consumer]

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