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Lionsgate Tops $1 Billion Box Office for Second Time

23 Dec, 2013 By: Erik Gruenwedel

Lionsgate Dec. 23 said it grossed more than $1 billion at the domestic box office and another $1 billion-plus at the international box office in 2013. The mini-major is the only studio other than the majors to break the $1 billion mark at the domestic box office in consecutive years.

Driven by sequel The Hunger Games: Catching Fire and Summit Entertainment’s  Now You See Me, Lionsgate grossed an estimated $1.025 billion at the domestic box office through Sunday, Dec. 22, and another $1.227 billion at the international box office for a worldwide box office total of about $2.252 billion. Lionsgate again ranks among the top six studios with domestic box office market share of nearly 10% for the year to date.

Catching Fire, the second-highest-grossing film of 2013, grossed an estimated $372 million domestically and $393.6 million internationally for a total of $765.6 million worldwide in its first five weeks of release. That tally tops the entire global run of the first Hunger Games film ($691 million). Now You See Me has grossed $354 million worldwide ($118 million domestically, $236 million internationally).

"Our strong box office performance for the second year in a row, domestically and internationally, underscores the consistency of our film slate and is a testament to the tireless efforts of our entire motion picture team," said CEO Jon Feltheimer and vice chairman Michael Burns in a joint statement.

Meanwhile, Lionsgate continues to ratchet up its foreign film street cred, with Instructions Not Included emerging as the highest-grossing Spanish-language film ever released in the United States.

The studio’s performance abroad reflects strong performances in Latin America, the United Kingdom, Russia and China. Lionsgate achieved its best year ever in China in 2013, releasing six films, which grossed an estimated $116.3 million at the Chinese box office for the year to date and captured approximately 8% of the foreign film box office market share.

Lionsgate recently announced its first-ever quarterly dividend (5 cents), payable on Feb. 7 to all common shareholders of record on Dec. 31.


About the Author: Erik Gruenwedel

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