According to Bloomberg via the Washington Post:
Lions Gate Entertainment Corp. has also produced a windfall for its bond investors, along with shareholders, with the anticipation built around today’s release of the action film The Hunger Games.”
The independent film and television studio may pay off all of its long-term borrowings in one and one-half to two years, thanks to hits such as “The Hunger Games” and the “Twilight” films, said John Kornitzer, founder of Kornitzer Capital Management, which held some of the debt and 2.92 million shares of the Vancouver-based company as of Dec. 31.
Things are looking good for Lions Gate, and things will likely only get better for them as they continue to make big money on these investments.
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