Lionsgate Dispirited By Spirit Results

Shares in Lionsgate Entertainment took a pounding Tuesday as analysts at investment bank Caris & Co. downgraded the shares to "above average" from "buy" on word of the poor theatrical opening of The Spirit , based on the Will Eisner comic superhero. "Explanation for the weakness came primarily from a smattering of negative reviews, coupled with heavy competition from Marley & Me , which opened with a stellar $37.0 million in gross receipts," Caris analyst David Miller said in a message to clients. He implied that the future health of the studio might well be tied to its January 16, 2009 release of My Bloody Valentine. Spirit was the second flop of the month for Lionsgate, which yanked Punisher War Zone after the movie earned just $7 million during its first two weeks of release.

31/12/2008


Contactmusic

Editors Recommendations

The First 'Gone Girl' Trailer is Weird And Different To Other Trailers

“I did not kill my wife!” exclaims Ben Affleck in the first official trailer for David Fincher’s...

The First 'Gone Girl' Trailer is Weird And Different To Other Trailers

'Games of Thrones' Season 4 Episode 2 Breaks Torrent Records. Big Time.

Games of Thrones season 4 episode 2 - The Lion and the Rose - broke torrent records...

'Games of Thrones' Season 4 Episode 2 Breaks Torrent Records. Big Time.

Spider-Man is Jewish. Because Andrew Garfield Says So.

He's The Amazing Spider-Man, and he's very much Jewish - this according to the man...

Spider-Man is Jewish. Because Andrew Garfield Says So.

It's a Hard Knock Life This Christmas With 'Annie' - [Trailer + Pictures]

The youngest ever Oscar nominee, Quvenzhane Wallis – with a touch of autotune thrown...

It's a Hard Knock Life This Christmas With 'Annie' - [Trailer + Pictures]

Billy Bob Thornton Arrives For Media Presents: 'Fargo' In New York - Part 1 [Video]

Billy Bob Thornton was among the star arrivals at The Paley Center in New York...

Video - Billy Bob Thornton Arrives For Media Presents: 'Fargo' In New York - Part 1

Bryan Cranston's Walter White Scores Fan A Date For The Prom [Video]

Maddie probably wasn't going to go to the prom with Stefan Montana. But when the 17-year-old...

Bryan Cranston's Walter White Scores Fan A Date For The Prom [Video]

Pharrell Williams In Tears Over 'Happy' Fan Video Montage [Video]

Pharrell Williams broke down in tears of joy after being shown a montage of his international...

Pharrell Williams In Tears Over 'Happy' Fan Video Montage [Video]

Flavor Flav Gets Off With Probation In Domestic Violence Plea Deal

Rapper/entertainer Flavor Flav has entered a plea deal in the domestic violence case against him...

Flavor Flav Gets Off With Probation In Domestic Violence Plea Deal

Ultimate Warrior Killed By "Massive Heart Attack", Autopsy Finds

Ultimate Warrior died as a result of a heart attack brought about by cardiovascular...

Ultimate Warrior Killed By


More recommendations

Comments

Newsletter

Subscribe to this news alert service to receive news and reviews on

Unsubscribe | Unsubscribe All