Even though Lionsgate seems to be on a roll with past movie hits such as, American Psycho in 2000, Affliction, Gods and Monsters, Dogma, Saw and the Michael Moore documentary Fahrenheit 9/11, which became the studio’s highest grosser, it seems investors are not banking on the latest crop of releases.
The money guys have closed the bank on several films in release. “The Spirit” and “My Bloody Valentine 3D,” and its upcoming Feb. 20 release “Tyler Perry’s Madea Goes to Jail.” Now Lionsgate will have to pony up company money to get the job done.
Lionsgate
The loss of funding is a troubling economic sign for a film industry usually immune to downturns. In the 1920’s a depression saw the then fledgling film business thrive as people turned to entertainment to escape a stark reality, however, this trend may not be following suit for this recession and things may get even worse if it turns in to an all out depression.
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