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Santa Monica-based independent film studio Lionsgate continued its recent growth, reporting third quarter revenues of $290.9 million and net income of $2 million, company officials announced Tuesday.
The company noted that revenue growth of 14 percent from the previous year’s third quarter was driven by strong theatrical box office numbers, international revenue growth and continued strength in television production revenues. The company achieved its best revenue performance ever for a fiscal third quarter.
“Our theatrical, television, home entertainment, library, international and digital businesses all achieved continued solid performance in the quarter,” said Lionsgate Co- Chairman and Chief Executive Officer Jon Feltheimer.
Originally published in the Santa Monica Daily Press print edition on February 13, 2008. Read the original PDF.