Lionsgate | featured news

Carl Icahn's hostile attempt to take control of Lionsgate has been slow-going, so he has extended his deadline by 10 days.

Lionsgate's board is advising shareholders to reject Carl Icahn's sweetened offer for the film studio, calling the bid inadequate, opportunistic and coercive.

One week after Lions Gate Entertainment rejected his holdings in the studio, investor Carl Icahn is launching a hostile takeover bid for the entire company.

Lions Gate urged shareholders to reject a recent tender offer from investor Carl Icahn, calling the bid for the film studio's shares inadequate and coercive.

Round two of due diligence has begun in the process to find a buyer for MGM, with a couple Hollywood studios figuring among the half-dozen advancing bidders.

The specialty box office roared to life as Lionsgate's "Precious: Based on the Novel 'Push' by Sapphire" opened to $1.8 million from 18 locations for a record-breaking $100,000 per location average.

The big story this weekend is the pre-Halloween box office -- the horror, the horror of it all -- and how Saw VI, which has been a disgusting but reliably performing franchise over the years for Lionsgate, was decimated Friday by Paranormal Activity -- despite the Paramount phenom playing in 1,100+ less theaters during its 5th week of release.

Lionsgate has released two pieces of outdoor artwork for Sylvester Stallone's The Expendables , coming to theaters on April 23, 2010. The action-adventure, which follows a team of mercenaries on a mission to overthrow a South American dictator, stars Stallone, Terry Crews, Randy Couture, Eric Roberts, Mickey Rourke, Jet Li, Jason Statham, Dolph Lundgren, Charisma Carpenter, Giselle Itie, Brittany Murphy, David Zayas and Amin Joseph.

The film is based on a futuristic young-adult novel by Suzanne Collins.

The dance between Carl Icahn and Lionsgate continued Tuesday as reports surfaced that the studio hired a law firm to defend itself against what could turn into a proxy battle or hostile takeover.