{"id":4284,"date":"2012-05-31T00:00:00","date_gmt":"2012-05-31T00:00:00","guid":{"rendered":"http:\/\/worldscreen.com\/tvusa\/2012\/05\/31\/lionsgate-posts-q4-loss\/"},"modified":"2012-05-31T00:00:00","modified_gmt":"2012-05-31T00:00:00","slug":"lionsgate-posts-q4-loss","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvusa\/lionsgate-posts-q4-loss\/","title":{"rendered":"Lionsgate Posts Q4 Loss"},"content":{"rendered":"<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">SANTA MONICA\/VANCOUVER: Due in part to costs associated with its acquisition of Summit Entertainment, Lionsgate recorded a fourth-quarter net loss of $22.7 million on improved revenues, boosted by <em>The Hunger Games<\/em> and <em>The Twilight Saga: Breaking&nbsp;Dawn &#8211; Part 1<\/em>, of $645.2 million.<\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">The independent studio&#8217;s revenues rose 71 percent as compared with the year-ago period, led by theatrical revenues from <em>The Hunger Games<\/em> in North America, the home-entertainment release of the third <em>Twilight<\/em> film and strong television and library revenues. Net loss for the period was $22.7 million, as compared with the year-ago profit of $48.7 million. Lionsgate attributed the loss in part to $38 million in costs associated with the January 2012 acquisition of Summit, plus theatrical marketing costs.<br \/>\n<\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">For the fiscal year, revenues were $1.59 billion, with a net loss of $39.1 million. &quot;Fiscal 2012 was a milestone year with the acquisition of Summit Entertainment, the rollout of our record-breaking film <em>The Hunger Games<\/em>, continued growth in library revenues and the increasing profitability of our diversified television business,&quot; said CEO Jon Feltheimer.  &quot;With substantially all of the profitability of the first <em>Hunger Games<\/em> film and this November&#8217;s release of <em>The Twilight Saga: Breaking&nbsp;Dawn &#8211; Part<\/em> <em>2<\/em> still ahead of us, we have great visibility and have set the stage for anticipated strong EBITDA, free cash flow and earnings in the years ahead.&quot; <\/span><\/span><span style=\"font-size: small\"><span style=\"font-family: Verdana\"><br \/>\n<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SANTA MONICA\/VANCOUVER: Due in part to costs associated with its acquisition of Summit Entertainment, Lionsgate recorded a fourth-quarter net loss of $22.7 million on improved revenues, boosted by The Hunger Games and The Twilight Saga: Breaking&nbsp;Dawn &#8211; Part 1, of $645.2 million. The independent studio&#8217;s revenues rose 71 percent as compared with the year-ago period, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-4284","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lionsgate Posts Q4 Loss<\/title>\n<meta name=\"description\" content=\"Lionsgate Posts Q4 Loss. SANTA MONICA\/VANCOUVER, May 31: Due in part to costs associated with its acquisition of Summit Entertainment, Lionsgate recorded a fourth-quarter net loss of $22.7 million on improved revenues, boosted by The Hunger Games and The Twilight Saga: Breaking Dawn - Part 1, of $645.2 million.. 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