Lionsgate Narrows Loss

SANTA MONICA, August 10:
Despite an 11-percent drop in revenues to $172.5 million, independent studio
Lionsgate has narrowed its first quarter 2007 loss to $3.6 million from last
year’s loss of $21.8 million.

"We are continuing to
grow the business in line with our expectations," said Lionsgate CEO Jon
Feltheimer. "As expected, our first quarter reflects lower revenues due to
the timing of television deliveries compared to the prior-year quarter.
However, with the heart of our film slate upcoming and expansion of our
television business to 11 prime-time series, which are slated to air in
subsequent quarters, we are well positioned for a very successful year in
fiscal 2007."

Theatrical revenues were
down 17 percent to $18.5 million but home video revenues were up 18 percent to
$114.8 million. International revenues increased by 55 percent to $15.5
million. Television revenues fell 9 percent to $14.8 million, and television
production revenues dropped 84 percent to $7.3 million.