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Film Flops Like 'Borderlands' Lead Lionsgate to Quarterly Losses

Variety
Story by Varietybrentlang
from Variety
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scrn logline
Lionsgate suffers massive quarterly losses as big-budget bombs like 'Borderlands' and 'The Crow' tank at the box office, forcing CEO Jon Feltheimer to acknowledge a 'transitional, disrupted and difficult year' for the industry.
beat sheet
  • Lionsgate reported a staggering $163.3 million loss, citing underperformance of high-profile flops like 'Borderlands' and 'The Crow' - a sign of the studio's struggles in a volatile market.
  • CEO Jon Feltheimer wasted no time in calling out the 'transitional, disrupted and difficult year' the industry is facing, hinting at broader challenges beyond just Lionsgate's woes.
call sheet
Jon Feltheimer, Lionsgate, Borderlands, The Crow
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