Lions Gate

Icahn Supports Lions Gate's Bid to Buy MGM

Billionaire investor Carl Icahn threw his support behind Lions Gate Entertainment's proposal to acquire debt-laden Metro-Goldwyn-Mayer, according to a filing with the SEC Tuesday. Icahn is Lions Gate's largest shareholder and also holds a significant amount of MGM's debt.

Icahn Raises Hostile Bid for Lions Gate to $7.50 a Share

Lions Gate Entertainment shares jumped some 12.5% to around $7.30 Tuesday after billionaire activist investor Carl Icahn raised his hostile bid for the studio to $7.50 per share in cash, up from the previous offer of $6.50 a share. Lions Gate's board said it will review the offer.

'Expendables' Tops Weekend Box Office Ahead of 'Eat Pray Love'

"The Expendables", an ensemble action movie starring Arnold Schwarzenegger and Sylvester Stallone - who also directed - topped the box office at the weekend, ahead of "Eat Pray Love", with Julia Roberts. "The Expendables," a movie from Millennium Films and Lions Gate (LGF), pulled in an estimated $35 million in ticket sales, The New York Times reported. "Eat Pray Love" managed $23.7 million, while "Scott Pilgrim vs. the World" managed $10.5 million.

Netflix, Epix strike programming deal

Strike another nail in the coffin of brick-and-mortar video stores. Netflix has agreed to pay $1 billion over the next five years for the online...