Icahn To Battle Lions Gate

Never one to shrink from a proxy battle, Carl Icahn on Wednesday broke off talks with Lions Gate Entertainment Corp. after the company's board of directors refused to give his designees seats on the board. Icahn's action appears to set the stage for him to ally with sympathetic board members (he is a close friend of Mark Rachesky, head of MHR Fund Management, Lions Gate's biggest stockholder) in a fight to take control of the company that is best known as the producers of the Saw horror films, the Tyler Perry flicks, and the cable-TV shows Mad Men and Weeds . But its problems may have less to do with its productions than with ancillary sales. As the London Financial Times observed today (Thursday), Icahn "is stalking Lions Gate during a period in which the company is struggling to adapt to the fast-declining DVD market, which is a bedrock of its business." Like other media companies, Lions Gate Entertainment, whose subsidiaries use the name Lionsgate and which operates out of Vancouver, Toronto and Santa Monica, has seen a severe drop in its share price in recent months. Its stock is down nearly 10 percent since the beginning of the year.



Tags: Tyler Perry


More Tyler Perry

Gone Girl Movie Review

Those who have read the blockbuster novel may be disappointed to know that author Gillian Flynn hasn't changed anything in adapting it to the big...

'Gone Girl' Premiere - Which Celebs Attended The New York Film Fest Opening?

The opening of the New York Film Festival on Friday (26th September) was attended by many of the great and the good from the acting...

Tyler Perry: "I Wouldn't Have Done 'Gone Girl' If I Knew Who Fincher Was"

Tyler Perry, the American actor, director and producer, who appears in David Fincher's Oscar-tipped movie Gone Girl, says he would have walked away from the...

Gone Girl Trailer

Nick Dunne finds himself at the fore of a police investigation when his wife Amy mysteriously goes missing on their fifth wedding anniversary. He has...


Gone Girl Trailer

Nick and Amy Dunne are a couple whose marriage is struggling following the loss of Nick's journalism job and their subsequent move away from New...

Ben Affleck Is Creepy And Questionable In First Trailer For David Fincher's "Gone Girl"

The first trailer for David Fincher’s Gone Girl is out. The last bit of news about the Gillian Flynn adaptation came out months ago, so...

'The Single Mom's Club' Released: Could Critics Brave Tyler Perry's Saucy New Comedy? [Trailer]

The Single Mom's Club is released today and critics have gingerly begun to offer their initial reactions to Tyler Perry's sassy new comedy. The film...

'Grown Ups 2' & 'After Earth' Lead The Way In 34th Razzie Award Nominations - Full List Of Nominees

It's awards season, which means it is the time when the stars of Hollywood gather together to congratulate themselves on another successful year of moviemaking....



Tyler Perry Newsletter

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

Unsubscribe | Unsubscribe All