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Lionsgate roars back as studio's bets pay off
Slips and flops of last July now a distant memory after recent rollout of hit movies and talk of big deals.
Add BT as a preferred sourcePublished Fri, Feb 10, 2017 · 09:50 PM
Santa Monica, California
IN JULY, Lionsgate was stuck under a storm cloud. Several of the company's movies had been critical and commercial debacles, including The Divergent Series: Allegiant and Gods of Egypt, which also embroiled Lionsgate in a humiliating whitewashing casting controversy.
Even worse, Lionsgate's takeover of the Starz cable operation in June had been a bust on Wall Street: Not only did the US$4.4 billion deal fail to raise Lionsgate's stock price, shares went lower.
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