Go Symbol Lookup
Loading...

Lions Gate: Strategy for Summer

 Text Size  
Published: Thursday, 31 May 2012 | 5:39 PM ET
Lee Brodie By: | Producer

Shares of Lions Gate, bounced back Thursday after dropping more than 6.5% due to an unexpected quarterly loss.

Fiscal fourth quarter revenue, however, jumped 71%, helped by The Hunger Games.

It's worth noting The Hunger Games was released on March 23, therefore only one week of the film's box office gross was factored into the studio's fourth quarter results, with the remainder going towards the current quarter.

All of the costs associated with marketing the movie, which are estimated at more than $50 million, were absorbed during the fourth quarter.

So, what’s the company’s strategy and what’s in the pipeline for the summer?

Find out from Lions Gate vice chairman Michael Burns. Watch the video now!

Lions Gate Bounces Back
Shares of Lions Gate are bouncing back after dropping more than 6.5% on an unexpected quarterly loss. Michael Burns, vice chairman of Lions Gate, weighs in.




______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com.


Trader disclosure: On May 31, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Keith McCullough is long XLU; Joe Terranova is long VRTS; Joe Terranova is long MCD; Joe Terranova is long PNC; Joe Terranova is long USB; Joe Terranova is long TCBI; Joe Terranova is long SBUX; Joe Terranova is long SJM; Joe Terranova is long UPL; Joe Terranova is long WFM; Joe Terranova is long AAPL; Joe Terranova is long EMC; Joe Terranova is long NXPI; Joe Terranova is long LPX; Joe Terranova is long SNDK; Joe Terranova is long IBM; Joe Terranova is long CNX; Joe Terranova is long LQD; Joe Terranova is short JUNE MINI S&P FUTURES; Steve Grasso is long ASTM; Steve Grasso is long BA; Steve Grasso is long D; Steve Grasso is long FRO; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long MO; Steve Grasso is long PFE; Steve Grasso is long S; Steve Grasso is long XLU; Steve Grasso is long ZAZA; Mike Murphy is short JPM; Mike Murphy is long TGT, Mike Murphy is long FDX; Jon Najarian is long FB CALL SPREADS; Jon Najarian is long DAL CALL SPREADS; Jon Najarian is long JPM CALL SPREADS; Jon Najarian is long GS CALL SPREADS; Jon Najarian is long VIX CALL SPREADS; Jon Najarian is long CIGX; Jon Najarian is long DDMG; Jon Najarian is long CME; Jon Najarian is long CBOE

For Amelia Bourdeau
No Disclosures

For Scott Kessler
S&P Capital IQ and/or one of its affiliates may have performed services for and received compensation from the subject companies during the past 12 months: FB

CNBC.com with wires

 Print
After an unexpected quarterly loss, what's the strategy for summer at Lions Gate?  Find out from vice chairman Michael Burns.
  Price   Change %Change
LGF ---

   
Comments

 

More Comments

 
 

Add Comments

 

Your Comments (Up to 1100 characters):

Remaining characters

Your comments have not been posted yet.

Please review your submission to make sure you are comfortable with your entry.

Your Comments:


                
            
            
        

Featured

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Lee is host on CNBC's “Fast Money,” and “Options Action.”

  • Wapner is an award-winning reporter and the host of "Fast Money Halftime Report." He has also reported documentaries for CNBC.

  • Adami is a contributor on CNBC's "Fast Money." He is also Managing Director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is President of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report

Fast Money Features