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
'Show Dogs' Getting Re-Cut By Global Road In Response To Concerns Over Inappropriate Sex Abuse Message
'Outlander's Sam Heughan Joins Vin Diesel In Sony's 'Bloodshot'; Eiza Gonzalez, Michael Sheen Also Aboard
ABC Answers Michael Jackson Estate's Claim That Network Didn't Secure Rights For Special On Late Singer - Update
'The Middle' Series Finale: ABC's Fond Farewell To America's Beloved TV Family Is One "Heck Of A Ride"
'The Middle' Co-Creator On The "Bittersweet" Series Finale, Devoted Fans And Possible 10-Year Reboot
Latest Film News
- Fox 2000 Sets Release Date For ‘The Hate U Give’
- Abrams Artists Agency Ups Jade Sherman To VP On Digital Team
- ‘Outlander’s Sam Heughan Joins Vin Diesel In Sony’s ‘Bloodshot’; Eiza Gonzalez, Michael Sheen…
- Gal Gadot, Sue Kroll & Jaron Varsano Team To Produce ‘My Dearest Fidel’
- Why Is Comcast Still So Hot For Fox?
- ‘Show Dogs’ Getting Re-Cut By Global Road In Response To Concerns Over Inappropriate Sex Abuse Message