Thursday, March 28, 2024

LionsGate: Stock Sinks as Stephen King’s “Cell” Has 19 Producers, a Zero on Rotten Tomatoes

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Last week, Lions Gate announced it was buying the Starz Channel and its library and TV shows. The effect on LGF stock hasn’t been so great. It’s hovered around $18.59 ever since. A year ago LGF was at $36.02.

Meantime, Lions Gate keeps releasing movies no one wants to see and shouldn’t have been made. Case in point: today, “Cell,” based on a Stephen King story, directed by Tod Williams (good movies– “Door in the Floor,” “Adventures of Sebastian Cole”).

“Cell” has a ZERO on Rotten Tomatoes. Twenty negative reviews, none positive. Saban Films, which also probably shouldn’t exist, owned by Haim Saban, made it and paid for it. Their most recent release was “A Hologram for the King” starring Tom Hanks, which made $4 million. Lions Gate had that one too through their deal with Roadside Attractions. (There’s a search party trying to find RAtt’s “Genius” right now. It’s made $1 million in 5 weeks.)

“Cell” has two great leads– Samuel L. Jackson and John Cusack. It doesn’t matter. It’s a soft cell at best.

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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