Lions Gate Entertainment achieved net income of $5.7m (C$8.7m) in its fiscal year ended March 31, 2001, compared to a net loss of $3.5m (C$5.3m) the previous year. The company credited the turnaround on a strong fourth quarter driven by theatrical releases such as American Psycho and Shadow Of The Vampire and the home video releases of American Psycho and The Million Dollar Hotel. The company also benefited from Trimark's post-acquisition revenue from video releases and library sales. However, the company's Mandalay Pictures and CinemaNow internet venture continue to drain its resources.
Upcoming Lions Gate releases include O, starring Josh Hartnett and Julia Stiles; Frailty, starring Matthew McConnaughey and Bill Paxton; The Cat's Meow, starring Kirsten Dunst; The Wash, starring rappers Snoop Dogg and Dr Dre, and Monster's Ball, starring Billy Bob Thornton and Halle Berry. Pictures on the Mandalay slate include The Score, starring Robert De Niro, Edward Norton, Marlon Brando and Angela Bassett, in theatres July 13; and the romantic comedy Servicing Sarah, starring Matthew Perry and Elizabeth Hurley, set for release spring 2002. Other titles include Beyond Borders, Kung Fu Theater and End Game.