Movies

Lionsgate reports record revenues of $1.36 bn for 2008

MUMBAI: US film studio Lionsgate has reported revenues of $1.36 billion and a net loss of $74 million for its fiscal year ended 31 March, 2008.

The company noted that revenue growth of 39 per cent from the prior year was driven by strong theatrical box office, increased home entertainment sales, growth in library revenues, continued strength in television production revenues and burgeoning digital revenues. The company reported $511.5 million in fourth quarter revenues, its best quarterly revenue performance.


The net loss was primarily attributable to increased theatrical distribution and marketing expenses in association with the planned growth of the company‘s motion picture slate. Theatrical distribution and marketing expenses of $326.3 million increased 118 per cent from $149.7 million in the previous year.


Lionsgate co-chairman and CEO Jon Feltheimer says, "Every division of the Company made contributions to our tremendous revenue growth, and they have positioned us for continued double-digit revenue growth in fiscal 2009.


"We continue to leverage our vast array of content for large niche audiences into a fast-growing channel business, digital distribution platforms and emerging international opportunities that, in addition to the continued successful operation of our existing core businesses, all set the foundation for long-term profitability and enhanced global recognition of the Lionsgate brand."


The company reported that cash and cash equivalents grew to $371.6 million, its strongest cash position ever after three consecutive years of positive free cash flow in excess of $100 million. The company‘s filmed entertainment backlog also grew to a record $437.4 million at fiscal year-end.


Filmed entertainment backlog represents the amount of future revenue not yet recorded from the licensing of films and television product for television exhibition and in international markets.


Overall motion picture revenue for the year was a record $1.15 billion, an increase of 34.1 per cent from $858.2 million in fiscal 2007, including revenues generated by the September 2007 acquisition of Mandate Pictures. Within the motion picture segment, theatrical revenue was $191.7 million, an increase of 78 per cent from $107.9 million the previous year, propelled by a films like Saw 4, 3:10 To Yuma, The Bank Job and Rambo.


Lionsgate‘s home entertainment revenue was a record $623.5 million in the fiscal year, an 18 per cent increase from $528.3 million in fiscal 2007, reflecting strong sales of films like 3:10 To Yuma, Good Luck, Chuck, Saw 4, The Condemned and Happily N‘Ever After as well as the initial impact of BluRay high-definition disc sales. Another major catalyst for the home entertainment revenue performance was continued strong library sales as Lionsgate reported record catalogue revenues of $263.7 million in fiscal 2008.


Television revenue included in the motion picture segment was $115.9 million in the fiscal year, a 6 per cent increase from $109.3 million in fiscal 2007, led by titles such as Crank, Daddy‘s Little Girls, Employee of The Month, Saw III and The Descent.


Lionsgate also had the strongest international revenue performance in its history, reporting $158.7 million in international revenue in the fiscal year.


Television production revenue was $210.1 million in the fiscal year, an increase of 77 per cent from $118.5 million in fiscal 2007, driven by a mix of deliveries of episodes of in-house productions such as Mad Men (AMC) and Weeds Season 3 (Showtime) .

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/24/burnt%20%281%29.jpg?itok=060rAWNJ
Cooper's 'Burnt' on Romedy NOW! on Sunday

Ever felt like kitchen is the only place you’ve ever belonged to? If yes, then Romedy NOW is set to treat everyone from excellent chefs to foodies and movie lovers, with the Indian TV premiere of comedy-drama movie Burnt. The movie will be aired on Sunday, 26 February, at 1:00pm and 9:00pm.

Movies Hollywood
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/24/rangoon%20%281%29.jpg?itok=7XP4XlhH
Rangoon... What a debacle!

Every filmmaker wants his own ‘all time classic’ and it is best not to confuse such a filmmaker with a realistic, practical maker with business sense. This lot is usually pretentious and indulgent kind. He wants his own Gone With The Wind, a Doctor Zhivago, Mary Poppins, Sholay, Hum Aapke Hain Koun...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/21/ghazi-800x800.jpg?itok=Mb7dq7bT
Tax concessions would have boosted 'Attack On Ghazi'

The past week saw a variety of new releases. `The Attack On Ghazi’, was a rare war film for the Indian audiences and an underwater film about war between an Indian and Pakistani submarine, Ghazi. The film, based on the 1971 war, was painstakingly made. The other film, `Irada’ --- film’s title did...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/21/Amar%20Kaushik-800x800.jpg?itok=WPfYtYdK
Berlin Festival: Amar Kaushik's 'Aaba'wows audience

MUMBAI: Indian filmmakers never cease to amaze the global audience with their storytelling and filmmaking skills. As the Berlin Film Festival drew to a close on Saturday, Indians had a reason to rejoice. Debut filmmaker Amar Kaushik’s short film, Aaba bagged the prestigious award at the 67th Berlin...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/20/Sony-Le%20%281%29.jpg?itok=hyfMHMUo
Sony Le PLEX HD to air tribute-movies of Hollywood actors

This February, Sony Le PLEX HD will pay tribute to those well-known actors who passed away too soon into their career. From Heath Ledger to Paul Walker, Hollywood has lost some gems too early, leaving fans and critics disheartened and wanting for more. `WatchIt’s 9O’Talk themed ‘The Tribute’ will...

Movies Hollywood
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/20/Sultan.jpg?itok=dv1fl9eF
How Sultan and Naagin are being pirated in Russia

MUMBAI: Here’s some food for thought for Indian TV channel broadcasting executives zapping their channels via satellite, cable TV or VOD services into Russia or onto and syndicating content to Vladmir Putin’s land. And this includes movies such as Sultan, and super popular shows such as Naagin.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/17/irada%20%281%29.jpg?itok=Nv-MjIot
Irada....Docu-thriller?

The title Irada comes across as B-grade 1970s and it has little relevance to the theme of the film, which is honourable. The film is about an ecological problem, almost a disaster. The issue dealt with here, though, is not as infamous or as well known as the Bhopal gas tragedy.

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/17/ghazi%20%281%29.jpg?itok=S4_SNdBv
The Attack On Ghazi.....Worth watching but....

A lot of things seem to be going right for India and its people in various fields and, suddenly, people have learnt to take pride in achievements of her people in sports, space science, IT, coupled with a newly acquired sense of patriotism over past couple of years. This has been making many...

Movies Hindi
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/02/16/sunil-lulla%20%281%29.jpg?itok=zEUe5UB6
Eros profits more than double in third quarter 2017

The Sunil Lulla led Eros International Media Limited (Eros) reported almost 2.5 times (2.496 times) consolidated profit after tax (PAT) for the quarter ended 31 December 2016 (Q3-16, current quarter) as compared to the corresponding year ago quarter (Q3-16). Eros PAT for the current quarter was Rs...

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories