Visit our Investors site for corporate information about Lionsgate. More Info. A, LGF. B brings a unique and varied portfolio of entertainment to consumers around the world. Its film, television, subscription, location-based entertainment and interactive games businesses are backed by a 17,title library and one of the largest collections of film and television franchises.
A digital age company driven by its entrepreneurial culture and commitment to innovation, the Lionsgate brand is synonymous with bold, original, relatable entertainment for the audiences it serves worldwide. In June of , Lions Gate completed another purchase, this time picking up a bankrupt film distributor called International Movie Group, Inc. Strauss had put in many years in the movie business, going back to Allied Artists Pictures Corp.
Strauss had been instrumental in bringing Giustra and Guber together. Lions Gate's newly allied divisions were now beginning to bring home contracts and make production plans.
Another new subsidiary, Lions Gate Media, was formed at this time to explore additional television production possibilities. Lions Gate also was drawing attention for two controversial projects with which it was involved. The portrait of an obsessive pedophile had received a great deal of negative prerelease publicity, as well as a few critical raves. It eventually was released for a limited run before being broadcast on cable television. A much bigger controversy involved the company's plans to film Bret Easton Ellis's novel American Psycho, which depicted a stockbroker who was also a sexual sadist.
The company was wooing Leonardo Di Caprio for the lead, his first role after the blockbuster Titanic. The company continued with its production plans after Di Caprio dropped out, however, and signed Christian Bale for the role. The annual loss was far from unexpected for a brand new company, but the slipping share price was bothersome, as it reduced the company's ability to make acquisitions.
Purchase of an American reality-based television company, Termite Art Productions, could only be made with the issuance of three convertible promissory notes, rather than a stock swap, because of the low price. Concern about the low share price finally led Giustra to call a shareholder meeting for October 30, where a vote was made to list Lions Gate on the American Stock Exchange.
A two-for-one stock consolidation was effected to bring the share price up to the AMEX minimum. It was hoped that the greater exposure of an AMEX listing would boost the stock's value. In January of the company named Roman Doroniuk, formerly with competitor Alliance Communications, to the posts of president and chief operating officer.
Meanwhile, Lions Gate Films was scoring kudos for the films Affliction and Gods and Monsters, which were now in theaters, while hockey comedy Les Boys 2 was breaking box office records in French Canada. Cine-Groupe also signed a deal to produce 26 half-hour episodes of a cartoon series called Mega Babies, to premiere on Fox Family TV in the fall of The previous year Fox Family had purchased a 20 percent stake in Cine-Groupe.
Controversy over American Psycho continued to mount in Toronto, where scenes for the movie were being shot. Several antiviolence and victim's rights groups were protesting the film's production, although city officials ultimately issued a permit allowing location shooting. Many Canadians were up in arms about the project because notorious Ontario sex killer Paul Bernardo was found to have a copy of the book at his bedside.
In April the company moved its financial operations to Toronto, where new president Doroniuk's offices were located. Giustra and the corporate headquarters remained in Vancouver. The studio and film divisions were the healthiest, with video sales to the United States via new subsidiary Avalanche Films and half-owned Sterling Home Entertainment particularly strong.
The biggest chunk of red ink was attributable to the investment in Mandalay Pictures. Actual results in the future could differ materially and adversely from those described in the forward-looking statements as a result of various factors, including the risk factors set forth in our reports filed with the Securities and Exchange Commission, including in our most recent Annual Report on Form K and Quarterly Reports on Forms Q. The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances.
Company The first major new studio in decades, Lionsgate is a global content platform whose films, television series, digital products and linear and over-the-top platforms reach next generation audiences around the world. I Accept.
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