LIONSGATE is at risk. The studio recently announced that it is facing harsh financial difficulties . Expenses and distribution of recently released films have not produced a lot of revenue.
There are rumors that the executive representatives from the studioy are meeting with MGM reps to secretely discuss and propose combining the two studios. Both companies have experienced millionaire losses in the past quarter.
Not long ago, CEO Jon Feltheimer said that LIONSGATE will continue to do its best to don't fall into bankruptcy.
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It is greately appreciated that LIONSGATE is open about their financial problems, before it takes many for surprise. Doing so, gives them extra time for those working or investing to reconsider their decisions regarding the company.
Open communication between the company and its publics earns them respect and trust.
Thursday, November 11, 2010
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