Another Lion at the Gate?

Well folks, in the domino theory of independent studios, the Daily News is reporting that Lions Gate is being given the once over by the major conglomerates. According to the report,

"Analysts noted that Lions Gate may not be ready to sell and would likely hold out for as much as $1.6 billion to $1.8 billion, or $14 to $16 a share at more than double the current price of the stock, which closed yesterday at $7.79."

Of course, the library it has built up from its own productions and acquisitions, primarily Artisan Entertainment in December 2003 as well as Landscape and Trimark. And the story is one familiar and simple after the Sony-MGM announcement.

This report also comes on the heels of greater studio performance with the expectation of profit for the fiscal year ending September 30, 2004. CEO Jon Feltheimer understands that he is not a major and points to the speed at which Lions Gate can make decisions and its focus on more edgy material ("Fahrenheit 9/11") as what will support the success of their new product.