Uh, oh!
Lionsgate lost $64.1 million during itss fiscal 2011 first quarter and a lot of that has to do with Ashton Kutcher and Katherine Heigl‘s film Killers sucking!
CEO Jon Feltheimer:
“Our first quarter was affected by marketing costs for our three wide releases, timing of television deliveries and the underperformance of our theatrical release Killers.
“With our upcoming theatrical slate, beginning with this Friday’s opening of The Expendables, and the continued strength of our television, library and channel businesses, we remain poised to achieve our full year financial targets.”
Really?
We’re going to rely on Sylvester Stallone and company to boost revenue?
Ha!