Lionsgate Revenues Roar

Studio reports loss of $163 million for fiscal year
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Driven by strong box office, homevid and library sales, Lionsgate reported its second-highest quarterly revenue of $463.2 million for its fourth quarter ended March 31 — but that wasn’t enough to save it from a $163 million loss for the fiscal year.

The mini-major, which made the announcement after the market closed Monday, reported full year revenues of $1.47 billion. It did not break out its fourth-quarter loss.

The 2009 revenues were up 8% but the loss was more than double the $74 million loss in fiscal 2008.

Click here for the full story at Variety.com

(Dave McNary writes for B&C sister publication Daily Variety)

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