Saturday, April 13, 2024

Hunger Games: LionsGate Stock Has Dropped $7 Since November 6th as Mockingjay Pt 2 Lags

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All of Katniss Everdeen’s war heroics have not saved LionsGate stock. The price of LGF has dropped from a high of $41.07 on November 12th to just $33.46 this morning.

This is despite or because of “The Hunger Games: Mockingjay Pt. 2.” Even though the company has been churning out press releases about the movie’s success, Pt. 2 is running around $23 million behind its predecessor on a day to day reading. Yes, it’s up to $206 million after 13 days. But the 1st one (which was third in the series) was already at almost 239 million on its 13th day.

Of LionsGate’s 25 top releases in 2015, only two– “Mockingjay Pt. 2” and “Insurgent” — have made over $100 million. The other 23 have not done well, with “Sicario” leading the pack at $46 million. They’ve had huge flops this year like “Mortdecai,” “American Ultra,” and “Knock Knock.”

What could help? How about a cross over movie with “Twilight” vampires having moody romances with the “Hunger Games” crowd? Call it “Divergent: Detergent.”

Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.
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