Lions Gate Entertainment recorded a $94.2m net loss for the fiscalyear ended March 31 2004 compared to $1.1m net income a year before, due inlarge part to the costly acquisition of Artisan and marketing expenses on aslew of fourth quarter releases.
Revenue for the year amounted to $384.9m compared to $293.1m forthe year before, and the chief drivers for fiscal 2004 were cited as CabinFever, House Of 1,000 Corpses, The Cooler and Girl With A Pearl Earring, among others.
Catalogue sales were also identified as a key earner, with morethan 500 of Lions Gate's circa 8,000-title library each contributing more than$100,000. Strong performances from Lions Gate Television's prime time DeadZone and Missing cable series were also cited.
Lions Gate reported a $51m netloss in the fiscal fourth quarter with revenues of $159m.
On a more positive note the studio raised its fiscal 2005 revenueguidance from $650m to $680 due to continued library and home entertainmentrevenues.
Senior executives said they expected growth in theatrical revenuesand will be looking to Open Water and The Cookout to do well later this year. Fahrenheit 9/11 should also have a positive impactalthough it is distributed by three companies.