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November 21, 2005
Saw seen: Forbes laps at Lions Gate
As a third Saw is foreseen, Forbes' Peter Kafka enters Jon Feltheimer's den: "No one likes a loser. But in Hollywood, even some of the winners don't get much love. Just ask the folks at Lions Gate Entertainment, the small movie company with one of the year's big hits—Saw II [which has] pulled in $80 million since it opened Halloween weekend.... Add that to the $100 million box-office take, and a slew of DVD sales from the original released last year, and Lions Gate has a franchise its bigger competitors would kill—or maim, slash, torture—for. [Yet] Hollywood's chattering classes instead argue—sotto voce—that the success of the Saw movies just makes Lions Gate more likely to try to sell itself... None of this is news to Lions Gate [CEO] ... Feltheimer, who is used to hearing that his company is for sale. But it's not, he insists. "People who tend to put themselves up for sale tend to do the opposite of what we're doing," he argues.... If Lions Gate were dressing itself up for a sale, it would logically be ratcheting down its movie-making business and focusing on its catalog of 6,200 films and 1,800 television episodes... Making new movies, even the small-budget ones that Lions Gate specializes in, is inherently risky." [More of the Lions Gate line at the link.]
Posted by pride at November 21, 2005 12:53 PM
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