Lionsgate Reports Revenue, Profit Gains

SANTA MONICA, August 11:
Lionsgate notched up revenues of $298.5 million for the first quarter of fiscal
2009, a 50-percent rise from its year-ago results, with a profit of $7.1
million compared to last year’s net loss of $53.1 million.

Motion picture revenue for
the quarter was $257.4 million, a 51.1-percent increase from the prior year’s
$170.3 million. Theatrical revenue soared 61 percent from the first quarter of
last year to $30.5 million, driven by the success of The Forbidden Kingdom and box office revenues from Meet the Browns and The Bank Job.

The company’s
home-entertainment revenues gained 47 percent to $152.2 million, while
television revenue also grew, with a 29-percent increase to $28.9 million. This
growth was led by titles such as 3:10 to Yuma, Bratz: The Movie, Good Luck Chuck, Saw IV and War.

International revenue also
saw double-digit growth, up 51 percent to $34.3 million, while Mandate Pictures
reported revenues of $8.5 million, bolstered by films such as 30 Days of
Night, Harold and Kumar Escape
From Guantanamo Bay, Juno, Messengers and Passengers.

Revenues for television
production were up 45 percent to $41.1 million, led by the fourth season of Weeds on Showtime, the second season of Mad Men on AMC, NBC’s anthology series Fear Itself, Debmar-Mercury's Tyler Perry's House of Payne on TBS and Family Feud, as well as the Weeds season three DVD.

"Our robust
operations, coupled with the recent close of our $340 million five-year
revolving credit facility with JP Morgan and our strong balance sheet,
positions us to continue growing our business despite the current difficult
market environment," said Lionsgate’s co-chairman and CEO, Jon Feltheimer. "As a result, we expect to continue our
double-digit revenue growth this year, with a view toward generating
significant positive EBITDA and continued double-digit revenue growth in fiscal
2010."

—By Kristin
Brzoznowski