Lionsgate Shareholders Vote to Elect All 12 of the Company's Nominees to
Board of Directors at Annual Shareholders Meeting Today
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<p>SANTA MONICA, Calif., <location>VANCOUVER</location>, British Columbia and <location>TORONTO</location>, <chron>Sept. 15</chron> /CNW/ -- Lionsgate (NYSE: LGF), the leading next generation studio, announced today that its shareholders voted to elect all 12 of the Company's nominees to its Board of Directors at the Annual Shareholders Meeting in <location>Toronto</location>, <location>Canada</location>. In addition, shareholders ratified the re-appointment of Ernst & Young as the Company's independent registered public accounting firm for the fiscal year 2010 and authorized the Audit Committee to determine the remuneration to be paid to Ernst & Young.</p>
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<p>"We thank our shareholders for their continued support and are pleased that they have elected all of our director nominees," said Lionsgate Co-Chairman and Chief Executive Officer Jon Feltheimer and Vice <person>Chairman Michael Burns</person>. "Lionsgate and its Board of Directors are committed to creating long-term shareholder value through an innovative and disciplined growth strategy, as our track record over the past 10 years demonstrates. We have developed one of the most valuable filmed entertainment libraries in the industry; a vibrant television business, a dynamic and growing portfolio of channel platforms and an exciting and diversified slate of upcoming feature films, and we have continued to build these assets while maintaining one of the lowest overhead to revenue percentages in the industry and reducing overhead costs still further over the past year. With the leadership and expertise of a strong and independent Board of Directors, we look forward to continuing to execute our growth strategy for the benefit of all our shareholders."</p>
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About Lionsgate
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<p>Lionsgate (NYSE: LGF) is the leading next generation studio with a strong and diversified presence in the production and distribution of motion pictures, television programming, home entertainment, family entertainment, video-on-demand and digitally delivered content. The Company has built a strong television presence in production of prime time cable and broadcast network series, production, distribution and syndication of programming through Debmar-Mercury and an array of channel platforms, including its partnership with One Equity Partners and <person>Allen Shapiro</person> in TV Guide Network and TV Guide.com, its partnership with Viacom and MGM in the multiplatform premium channel Epix, its partnership with Sony and Comcast in the branded horror channel FEARnet and its recent launch of the KIX action channel and the Thrill horror/suspense channel in Asia. Its feature film business achieved a record box office performance in the January-March 2009 quarter, driven by the success of "TYLER PERRY'S MADEA GOES TO JAIL," "MY BLOODY VALENTINE 3-D" and "THE HAUNTING IN CONNECTICUT." The Company's home entertainment business has grown to more than 7% market share and leads the industry in its box office-to-DVD revenue conversion rate. Lionsgate handles a prestigious and prolific library of approximately 12,000 motion picture and television titles that is an important source of recurring revenue and serves as the foundation for the growth of the Company's core businesses. The Lionsgate brand remains synonymous with original, daring, quality entertainment in markets around the world.</p>
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More information on Lionsgate can be found at www.lionsgate.com.
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Peter D. Wilkes
310-255-3726
[email protected]
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Andrea Priest / Annabelle Rinehart
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
For further information: Peter D. Wilkes of Lionsgate, +1-310-255-3726, [email protected]; or Andrea Priest or Annabelle Rinehart, both of Joele Frank, Wilkinson Brimmer Katcher, +1-212-355-4449, for Lionsgate Web Site: http://www.lionsgate.com
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