An opening weekend box-office take of $26.5 million doesn't sound too bad, right? So for Lionsgate to announce in an SEC filing that it's lost $40 to $50 million in cash flow for the quarter comes as a bit of a surprise... Oh, wait: that $26.5 million represents the opening weekends of 'Conan the Barbarian,' 'Warrior' and 'Abduction' combined? Ouch. (Also, per Deadline, it appears this is a calculated move in an effort to sell Carl Icahn's nearly 20 million shares after Icahn's takeover bid failed.) On the brighter side, at least 'The Hunger Games' isn't too far away. [Deadline]
categories Movies