April 3, 2025 Breaking News, Latest News, and Videos

Santa Monica-Based Lionsgate Report Net Loss Of $24.6 Million For Second Quarter:

Santa Monica-based Lionsgate today reported a net loss of $24.6 million — or 18 cents per basic common share — for the second quarter of fiscal year 2012, which ended Sept. 30.

The company attributes the loss primarily to underperformance of theatrical films in the quarter and timing of DVD releases that offset gains in the Company’s television and digital businesses.

There were only two major theatrical titles released on DVD in the quarter compared to three theatrical titles on DVD in the prior year’s second quarter.

The prior year’s quarter also included the theatrical release of one of the Company’s highest-grossing films, “The Expendables.”

“Although we were disappointed by the performance of our films in the quarter, we were pleased with the strong and growing contributions of all of our other core businesses,” said Lionsgate Co-Chairman and Chief Executive Officer Jon Feltheimer. “We believe that our film performance will improve significantly and become more consistent as we release some of the potential franchise films on our upcoming slate, and our television and digital businesses and EPIX channel partnership will continue their strong and profitable growth trajectory.”

in News
<>Related Posts

Historic Beethoven Market Reopens as Community-Centric Restaurant

April 3, 2025

April 3, 2025

Originally established in 1949, Beethoven Market was a grocery store serving the community for 75 years Beethoven Market, a longtime...

(Video) Palisades Art Gallery Owner on Relocating to Santa Monica

April 2, 2025

April 2, 2025

Bruce Lurie Owned What Was The Only Fine Arts Space in Palisades. The Gallery Has Found a New Life in...

Mikomi Sushi Opens New Santa Monica Location

April 2, 2025

April 2, 2025

The new location continues Mikomi Sushi’s commitment to serving sushi, sashimi, and specialty rolls Mikomi Sushi, a well-regarded sushi restaurant...

From Cocktails to Coffee: U.S. Tariffs Threaten Imports, Jobs, and Your Grocery Bill

April 2, 2025

April 2, 2025

Major Price Hikes Expected for Coffee, Wine, Chocolate, and Butter  A sweeping new set of tariffs announced by former President...

Hands Off the Phone: SMPD Launches Distracted Driving Enforcement Campaign

April 2, 2025

April 2, 2025

One Text Could Cost You: SMPD Goes Into Heightened Alert in April The Santa Monica Police Department is stepping up...

Board of Supervisors Votes to Break from LAHSA, Create Independent County Homeless Department

April 2, 2025

April 2, 2025

With Billions on the Line, LA County Moves to Centralize Homeless Response Los Angeles County is making a dramatic shift...

Montalvo Custom Tailors Offers Complimentary Wardrobe Recovery Services to Fire Victims

April 2, 2025

April 2, 2025

Tailoring Confidence: Montalvo Helps Residents Rebuild Wardrobes with Grace Montalvo Custom Tailors, a staple of luxury menswear in Los Angeles...

Caruso Sets Expected Timeline for Palisades Village Reopening: Report

April 2, 2025

April 2, 2025

Caruso recently told a local outlet that bringing life back to the village is essential Palisades Village remains closed in...

County Moves to Clear Fire Debris from Unresponsive Properties

April 2, 2025

April 2, 2025

The County plans to launch additional efforts, using data and community partners to reach roughly 1,000 unresponsive owners The Los...

County Report Finds Malibu School District Proposal Fails to Meet Standards: SMMUSD

April 1, 2025

April 1, 2025

The LACOE feasibility study stems from a 2017 petition by the City of Malibu to form its own school district...

Nonprofit Warns of Heavy Metal Contamination in Santa Monica Bay

April 1, 2025

April 1, 2025

The contamination is linked to storm runoff carrying toxic debris from burned structures and scorched land in the Palisades, Topanga,...

(Video) Spending an Afternoon at Pacific Park on the Santa Monica Pier

April 1, 2025

April 1, 2025

Go To Pacpark.com For Tickets and More Information. Go To https://t.co/PUWlOc89JQ For Tickets and More Information.#amusementpark #rides #rollercoaster #summer #spring...

Matū Kai to Debut in Brentwood With Grass Fed Wagyu and Global Flair This Week

April 1, 2025

April 1, 2025

Farm-To-Fork Beef, Wood-Fired Flavors, and Sustainability Meet on San Vicente The team behind Beverly Hills’ acclaimed steakhouse Matū will soon...

USC Launches Free Soil Testing to Assess Post-Fire Contamination

March 31, 2025

March 31, 2025

Residents Can Submit Samples to Check for Lead and Other Toxins A new program led by researchers at the University...

Los Angeles County’s Measure A Raises Sales Tax On April 1, And It’s No Joke

March 31, 2025

March 31, 2025

Santa Monica, West Hollywood, Culver City, and Malibu Will See Higher Increases Starting April 1, Los Angeles County residents will...