[Movies] Lionsgate Grosses Over $1 Billion Domestically This Year
Posted by Joseph Lee on 12.23.2013
And another billion internationally...
Coming Soon reports that Lionsgate has earned over a billion in the domestic box office and over a billion internationally for 2013. It is the only studio other than the usual major studios to get $1 billion domestically in a single year, which it has now done two years in a row.
The success is helped by The Hunger Games: Catching Fire and Summit Entertainment's Now You See Me. The company has earned $1.025 billion domestically through yesterday, and another $1.227 billion internationally for a worldwide total of approximately $2.252 billion. Lionsgate is in the top six studios with domestic box office share of almost 10%.
Catching Fire has already earned $372 million domestically, the second highest-grossing film of 2013. It has $393.6 million internationally for a total of $765.6 million worldwide for its first five weeks of release. It's already surpassed the entire worldwide run of the first Hunger Games film, which had $691 million overall. Meanwhile, Now You See Me has earned $118 million domestically and $236 million internationally for a total of $354 million worldwide.
Lionsgate Chief Executive Officer Jon Feltheimer and Vice Chairman Michael Burns said: "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. We continue to do more with less, maintaining our commitment to a disciplined financial model that is focused on limiting production capital at risk. We're especially pleased to achieve contributions from our entire portfolio of films this year, from Lionsgate's 'Catching Fire' and Summit's 'Now You See Me' to Pantelion's 'Instructions Not Included' and Codeblack's 'Kevin Hart: Let Me Explain.'"
Instructions Not Included is the highest-grossing Spanish-language film ever released in the United States. Lionsgate also had its best year ever in China this year, with six films bringing in $116.3 million and 8% of the foreign film box office market share.