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Article Summary
  • Lionsgate reports quarterly losses due to film flops like "Borderlands"
  • CEO John Feltheimer addresses the financial results and future plans
  • "Borderlands" is cited as a major contributor to the company's financial struggles
  • Other factors contributing to the losses include marketing expenses and underperformance of other films
  • The article discusses the impact of streaming services on the film industry
  • The tone of the article is informative and somewhat critical of Lionsgate's recent film choices and financial performance.
Check out the full article here.
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Los Angeles
  Variety     3 hours ago
Film Flops Like Borderlands Lead Lionsgate To Steep Quarterly Losses, CEO Jon Feltheimer Acknowledges Disappointing Results
“Borderlands,” “The Crow,” and other film flops deflated Lionsgate’s quarterly earnings, leading the movie and TV studio to report a loss of $163.3 million. It was a rough period that Lionsgate CEO Jon Feltheimer attributed to “a transitional, disrupted and difficult year for our industry,” one that saw the studio dealing with the aftershocks from […...
https://variety.com/2024/film/news/film-flops-like...
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