Movies

Lionsgate reports Q1 loss of $44.2 mn

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2017/10/10/lions.jpg?itok=7I4l1kXt

MUMBAI: US film and entertainment studio Lionsgate has reported revenue of $471.8 million, adjusted EBITDA of $17.1 million, and net loss of $44.2 million for the first quarter ended 30 June 2012. The loss was in part due to theatrical marketing costs.

Revenue in the first quarter increased by 81 per cent compared to $261.3 million in the prior year quarter, driven by the North American theatrical revenue of ‘The Hunger Games‘ and the films ‘Cabin In The Woods‘ and ‘What To Expect When You‘re Expecting‘ as well as revenue gains in the company‘s home entertainment business.

Adjusted EBITDA of $17.1 million and EBITDA of $(13.4) million in the first quarter compared to EBITDA of $28.7 million and adjusted EBITDA of $27.5 million in the prior year quarter and net loss of $(44.2) million in the first quarter compared to net income of $10.3 million in the prior year quarter due in part to an increase of $90 million in theatrical marketing costs associated with five releases in the quarter (including four wide releases) compared to one release in the prior year quarter.

The company noted that all five releases are anticipated to be profitable on an ultimate basis.

EBITDA and net loss in the quarter were also affected by increased G&A costs due primarily to increased stock-based compensation largely associated with the increase in the Company‘s stock price as well as increased costs associated with the integration of Summit Entertainment.

Profitability in the quarter was also impacted by increased interest expense, a non-cash charge for early retirement of a significant portion of the Summit term loan debt and the application of purchase accounting required by GAAP.

Lionsgate‘s film backlog was $992 million till 30 June 2012. Filmed entertainment backlog represents the amount of future revenue not yet recorded from contracts for the licensing of films and television product for television exhibition and in international markets.

Lionsgate CEO Jon Feltheimer said, "We completed our first quarter on target for our fiscal year and our three-year plan. Our financial results in the quarter were affected by marketing costs for a slate of five films, primarily noncash stock-based compensation and a noncash charge for paying down a significant portion of our Summit term loan debt early. However, with two-thirds of the profitability of the first HUNGER GAMES film still ahead, we anticipate that the combined benefits of our Summit acquisition, the strength of our young adult franchises and the continued evolution of our television business will translate into significant and growing contributions for the balance of our three-year plan."

Overall motion picture revenue for the first quarter was $406.5 million, an increase of 111 per cent from the prior year quarter. Within the motion picture segment, theatrical revenue was $137.6 million, a fivefold increase from the prior year first quarter, attributable to the box office performance of The Hunger Games, the 12th highest-grossing North American release of all time, and the other theatrical releases mentioned above.

Lionsgate‘s home entertainment revenue from both motion pictures and television was $145.5 million in the first quarter compared to $92.9 million in the prior year quarter driven by five major DVD and digital releases in the quarter.

Television revenue included in motion picture revenue was $37.1 million in the first quarter, a decrease of 14 per cent from the prior year quarter.

International motion picture revenue of $48.6 million (excluding Lionsgate U.K.) for the first quarter increased more than fourfold from the prior year quarter driven by the worldwide theatrical release of ‘The Hunger Games‘ as well as revenue contributions from the ‘Twilight‘ films, ‘Cabin In The Woods‘, ‘What To Expect When You‘re Expecting‘ and ‘Man On A Ledge‘.

Lionsgate UK revenue was $32.6 million, a nearly threefold increase from the prior year quarter, on the strength of a theatrical slate driven by ‘The Hunger Games‘ and Lionsgate UK‘s ‘Salmon Fishing In The Yemen‘ Television production revenue was $65.3 million in the first quarter, a decline of 5 per cent compared to the prior year quarter due primarily to fewer deliveries from the company‘s Debmar-Mercury syndication arm offset in part by increased digital media revenue from ‘Weeds‘ seasons six and seven and Mad Men season five in their home entertainment windows.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/17/mnx.jpg?itok=eSXSe175
MNX announces ‘King of Hollywood’

MNX, Hollywood’s wild child, launches its biggest property ‘King of Hollywood’, starting December 17, 2018, Monday to Friday @9pm.

Movies Hollywood
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/12/Untitled-1.jpg?itok=MAktHQKG
Movies NOW announces the 6th season of its blockbuster property ‘100 Mania’

Movies NOW, India’s favorite English movie channel, rings in the festive season with its iconic mega property ‘100 Mania’.

Movies Hollywood
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/28/sui.jpg?itok=N2VfgTUY
Usha International associates with YRF’s Sui Dhaaga – Made in India

Usha International, one of India’s leading household consumer durables company, proudly announces its association with Sui Dhaaga - Made In India produced by Yash Raj Films and starring Bollywood heartthrobs Varun Dhawan and Anushka Sharma.

Movies Hindi
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/07/26/kamal_5.jpg?itok=PQQVR6rC
Kamal Haasan talks about the pathbreaking films that inspired his career

MN+, the gold class of Hollywood movies associated with Kamal Haasan’s Vishwaroop 2 for Season 3 of Pathbreakers.

Movies Hollywood
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/07/26/ganga.jpg?itok=dy3wwLnW
No. 1 Bhojpuri Channel, ZEEL’s Big Ganga collaborates with foremost Bhojpuri superstar Ravi Kishan for a 7-movie deal

Over the last two decades, Bhojpuri movies industry has seen a revolution in the form of content, talent, and production.

Movies Regional
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/07/26/Zee%20Cinemalu.jpg?itok=ApPPAsJT
Zee Cinemalu Announces World Television Premiere of Superhit Romance-Idi Maa Prema Katha

Continuing to respect and support new-time actors, Zee Cinemalu’s World Television Premiere of Idi Maa Prema Katha stars the well-known faces from the small screen – Zee Telugu’s very own Anchor Ravi and Kalyana Vaibhogam-famed Meghana Lokesh.

Movies Regional
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/07/16/itefaq.jpg?itok=e5L3ZtEr
&pictures to air Sonakshi Sinha and Sidharth Malhotra’s spine-chilling thriller Ittefaq on Saturday, 21st July 2018 at 8pm

A CBI officer is assigned a double murder case which involves two witnesses who are also the prime suspects of the case.

Movies Hindi
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/07/16/monkey.jpg?itok=vv-dQnd3
Zee Action to air The Monkey King 2 on Saturday, 21st July at 8pm

Five hundred years after the Havoc in Heaven, the Tang Priest is appointed by Buddha to go to the West to fetch the sacred scriptures

Movies Hindi
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/07/14/ze.jpg?itok=9V7cz9Ek
Zee to launch Zee Classic HD channel

The Punit Goenka-led Zee Entertainment Enterprises Ltd (ZEEL), is all set to launch Zee Classic's HD version.

Movies Hindi

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories