facebook
twitter
rss
account
search
search
 

Lions Gate struggling despite Perry film

May 30, 2009 at 1:29 PM   |   Comments

LOS ANGELES, May 30 (UPI) -- Even the success of U.S. screenwriter Tyler Perry's "Madea Goes to Jail" cannot help Lions Gate Entertainment avoid a bad year, initial figures show.

The Los Angeles Times reported Friday while the U.S. film studio does not release its official year-end revenue results until Monday, initial figures from the studio's 2008 offerings indicate Lions Gate is facing significant losses.

The studio has already acknowledged its losses from the last fiscal year, which officially ended March 31, could reach up to $135 million.

The estimated losses come despite estimations the studio will post record year-end revenue numbers totaling up to $1.5 billion, the Times said.

Those possible record numbers are mainly due to the success of movies such as "Madea," which Perry helped gross $89.2 million during the studio's fourth quarter.

The Times said while the studio also enjoyed solid successes with the films "My Bloody Valentine" and "The Haunting in Connecticut," it sustained significant disappointments with "The Spirit," "Disaster Movie" and "Transporter 3."

Topics: Tyler Perry
© 2009 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Shania Twain announces new album and tour Shania Twain announces new album and tour
2
Pippa Middleton shares diet and exercise tips Pippa Middleton shares diet and exercise tips
3
James Franco shares cryptic photo with a bloody Megan Fox James Franco shares cryptic photo with a bloody Megan Fox
4
Betty White educates seniors about redeeming unwanted life insurance Betty White educates seniors about redeeming unwanted life insurance
5
Ellen Page and Julianne Moore's gay drama banned from shooting at Catholic school Ellen Page and Julianne Moore's gay drama banned from shooting at Catholic school
Trending News
Around the Web
x
Feedback