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Lionsgate posts sharply higher Q2 earnings and revenues

Home entertainment revenue from The Hunger Games (pictured) and the domestic release of Summit Entertainment titles were big drivers for the Vancouver, Canada-based mini-studio.
November 9, 2012

The Hunger Games (pictured) continues to feed Lionsgate’s bottom line.

The Vancouver, Canada-based  mini-studio on Thursday reported a huge swing to a second quarter profit of  US$75.5 million, against a loss of US$25.3 million in the same period of 2011.

After accounting for the home entertainment release of the teen tentpole for the three months to September 30, Lionsgate revenue was up 97% to US$707 million.

The strong Q2 earnings follows Lionsgate acquiring Summit Entertainment, which enables a look ahead to the November 16 release of The Twilight Saga: Breaking Dawn Part 2.

Adding in the Summit titles during the second quarter lifted overall motion picture revenue to US$608 million, up 178% year-on-year.

Lionsgate also posted sharply higher theatrical revenue, home entertainment revenue and international motion picture revenue.

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