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Lions Gate revenue jumps thanks to 'Hunger Games,' but still no profits
Aug 10th 2012, 02:17

Lions Gate Entertainment enjoyed an 81% jump in revenue during the quarter ended June 30 thanks largely to the blockbuster success of"The Hunger Games," which hit theaters in late March and has grossed $684 million worldwide. The Santa Monica studio reported revenue of $471.8 million in its first fiscal quarter, up dramatically from the same period a year ago. However, the studio swung to a $44.2-million net loss, compared with $10.3 million of net income in the previous year. The reason: higher costs related to the integration of "Twilight" studio Summit Entertainment, which Lions Gate acquired in January, as well as a $90-million increase in marketing costs for four new wide releases,...

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