People who follow box office results closely won’t be surprised, but Lionsgate made it official today: Conan the Barbarian, Warrior and Abduction were such stiffs that the company says in an SEC filing it expects to announce that it lost somewhere between $40M-$50M in cash flow for the current quarter. Lionsgate made the unusual forecast in a prospectus to sell 19.2M shares, which stems from its agreement to help billionaire Carl Icahn unload most of his holdings in the company. The arrangement ended Icahn’s effort to take control. Vice Chairman Michael Burns is meeting with investors who might want to buy the shares. Lionsgate stock was unchanged in mid-day trading.
Lionsgate Says It Sees Losses From 'Conan The Barbarian', 'Warrior', And 'Abduction'
What's Hot on Deadline
'Latin Lover' Seduces, 'The Circle' Broken By D+ CinemaScore, 'Baahubali 2' Mighty As 'Furious' Leads Listless Weekend
'Reservoir Dogs' Reunion: Quentin Tarantino Recalls When He "Knew Making Movies Was Going To Work Out" — Tribeca
Latest Film News
- ‘Reservoir Dogs’ Reunion: Quentin Tarantino Recalls When He “Knew Making Movies Was Going To Work Out”…
- WGA & AMPTP Talks To Resume On Sunday As Contract Deadline Looms
- Tom Hanks Rocks Bruce Springsteen, After Saluting Jonathan Demme – Tribeca
- ‘How To Be A Latin Lover’ Review: Mexico’s Eugenio Derbez Has Star Appeal, But Lame Comedy Throws It…
- Jonas Bloquet Joins New Line’s ‘The Nun’
- ‘A Gray State’ Director Erik Nelson On David Crowley Doc As A “Core Sample Of American Crazy”…