The Forbidden Kingdom posts

Feed

Lionsgate conquered the multiplex over the weekend

Lionsgate Entertainment (NYSE: LGF) came out on top this past weekend. According to Boxofficemojo, the studio's film The Forbidden Kingdom took in about $20.9 million at domestic movie theaters, driven perhaps by the star power of Jackie Chan. That's more than I thought it would do. (I should point out, though, that all the numbers discussed here are based on estimates -- finalized figures will be out at a later date.)

Forgetting Sarah Marshall, from General Electric's (NYSE: GE) Universal Pictures, was second with $17 million (I also thought this might do less). Jason Segel is the star of the TV series How I Met Your Mother and was also on one of my favorite TV shows, Freaks and Geeks. Then we have Sony's (NYSE: SNE) Prom Night, which came in third with $9 million. That was quite a drop from last week's $20 million debut. In fact, going back to the spiel about estimates vs. final numbers, when I covered the box office winners last week, Prom Night was originally credited with a $22.7 million take -- this was eventually reduced to $20.8 million. I went and saw the movie last Thursday afternoon by myself -- I literally walked into a completely empty auditorium, first time that ever happened in my life (it was a large auditorium, too). Talk about creepy. Nevertheless, I guess I can see why Prom Night is fading so fast (it wasn't that bad of a film, I should mention). Sony's 88 Minutes and News Corp.'s (NYSE: NWS) Nim's Island took fourth and fifth places, respectively.

But the big story of the weekend could be found in Lions Gate's triumph. The little studio scored again. One has to wonder when one of the majors, or perhaps a consortium of private equity concerns, is going to finally step up to the plate and buy it out. Those speculating on such an outcome have been waiting a long, long time. I like to follow Lions Gate, and I'm waiting for its stock to break out at some point -- it's got to happen one of these days.

Disclosure: I own shares of General Electric; positions can change at any time.

Symbol Lookup
IndexesChangePrice
DJIA-74.9212,454.83
NASDAQ-1.852,837.53
S&P 500-2.861,317.82

Last updated: May 27, 2012: 07:35 PM

Hot Stocks

General Electric

19.20-0.05(-0.26)

Alcoa

8.630.00(0.00)

Apple Inc

562.29-3.03(-0.54)

Google Inc 'A'

591.53-12.13(-2.01)

Bank of America

7.15+0.01(+0.14)

Wal-Mart Stores

65.31+0.24(+0.37)

Exxon Mobil Corp

82.08-0.53(-0.64)

Ford

10.60+0.01(+0.09)

Citigroup

26.47-0.19(-0.71)

IBM

194.30-1.79(-0.91)

Yahoo

15.36+0.01(+0.07)

Starbucks

54.56-0.20(-0.37)

Microsoft

29.06-0.01(-0.03)

Home Depot

49.44-0.27(-0.54)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1338161754317 ms.