Knives In: Lionsgate Bounces Back in 2019 After Worst Box Office Year in Over a Decade
Lionsgate, the film distributor behind “The Hunger Games,” “La La Land” and “John Wick,” is making a rebound after the worst year in company history. Following a 2018 in which it earned a mere $357 million at the domestic box office and less than 3% of all ticket sales, the company just passed $700 million in annual domestic grosses thanks to hits like “John Wick: Chapter 3 — Parabellum” and the Daniel Craig whodunit “Knives Out.” The Santa Monica-based studio currently holds a market share of just under 7%. “We are a mid-tier major that is not reliant on tentpoles for our strategy,” studio co-head Nathan Kahane told TheWrap. “When we have a ‘John Wick’ hit, that’s a bonus.” Also Read: 'John Wick' Spinoff 'Ballerina' Set at Lionsgate With 'Total Recall' Director Len Wiseman This year, six of Lionsgate’s releases have passed the domestic run of last year’s top grosser, the Paul Feig thriller “A Simple Favor,” which grossed only $53 million domestically. While not all of this year’s releases have been hits, the misfires have not come with a big financial hit. One example is “Hellboy,” an R-rated reboot of the Dark Horse comic book character that failed to...
Read original story Knives In: Lionsgate Bounces Back in 2019 After Worst Box Office Year in Over a Decade At TheWrap
