Lionsgate Considers Turning 'The Expendables' Into A TV Series

Lionsgate is looking at converting several movies into TV series — including, I’m told, the 2010 action film about a team of mercenaries. It wasn’t on CEO Jon Feltheimer’s list this morning, though, when he briefly discussed synergy plans in a conference call with Wall Street analysts following the company’s release last night of its fiscal Q4 results. Feltheimer says  he’s also considering making series from Red and Step Up, film franchises acquired with the recent purchase of Summit Entertainment. Speaking of the deal, Feltheimer noted that Lionsgate’s $500M term loan to fund it “will be paid down on schedule” and its debt will be “significantly reduced.” One of the main reasons for that, of course, is the huge success of The Hunger Games. Due to the timing of the release in March at the end of the studio’s fiscal Q4, about 90% of the profits have yet to be reported. That made Feltheimer confident enough to report that Lionsgate “will generate approximately $900 million in EBITDA over the next three years.”

Related: Lionsgate Reports Fiscal Q4 Loss Due To Summit Acquisition Costs