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Production for Debmar-Mercury, Showtime Help Propel Lionsgate to Beat Financial Analysts Projections

Aug 11, 2009  •  Post A Comment

The power to TV helped Lionsgate to soar past analysts projections to a profit of $36.3 million in the quarter, more than $30 million more than a year earlier, Variety reports.

In fact, it was the company’s second-best quarter ever. Lionsgate announced its financials yesterday, and its stock ended Monday up 49 cents, up 8.2%.

Revenues from TV production–primarily shows for Debmar-Mercury and Showtime–hit $41 million, up 112%, Variety reported.

–Chuck Ross

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