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Lionsgate Leader: Successes, Setbacks, and Future
8 Apr
Summary
- Lionsgate's Motion Picture Group chair discusses recent successes and failures.
- The company balances mid-budget hits with high-profile disappointments.
- Lionsgate aims to capitalize on industry consolidation for new opportunities.
Adam Fogelson, chair of Lionsgate's Motion Picture Group, reflects on a period of significant box office successes and notable failures. The studio experienced strong performances with "Now You See Me 3" and "The Housemaid," while "Borderlands" and "The Crow" underperformed. Fogelson notes the increasing difficulty in capturing audience attention in a fragmented media environment.
Despite the volatility, Fogelson asserts Lionsgate's resilience as a content creation company. He points to the company's profitability even during challenging periods, such as the release year of "Borderlands." Fogelson also sees potential opportunities arising from industry consolidation, allowing Lionsgate to fill gaps left by larger studios.
Looking ahead, Lionsgate plans to expand successful intellectual properties, with anticipation for a potential "Michael" sequel and the next "Hunger Games" installment. The studio is also moving forward with projects like a "Dirty Dancing" sequel and a film with Johnny Depp, "Day Drinker," focusing on creative merit and a sound business plan.
