Summary: Lions Gate Entertainment Corp. Feb 12
Standard & Poors, February 2012
Abstract
Our rating on British Columbia-domiciled and Santa Monica, Calif.-headquartered movie and TV studio Lions Gate Entertainment Corp. reflects the consolidated company's "weak" business risk profile and its "highly leveraged" financial risk profile (based on our criteria). Pro forma for the acquisition of Summit Entertainment LLC, the company would have ranked seventh in domestic box office in 2011, with a 5.8% share. In our view, the acquisition modestly improves Lions Gate's business risk profile, which we previously regarded as "vulnerable." The acquisition increases the company's creative capabilities and could add to its leverage over exhibitors if stronger intermediate-term film performance continues over the long term. Still, the company remains subject to the volatile nature of cash flows in the film industry,...
Companies mentioned in this report are: Lions Gate Entertainment Corp.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Lions Gate Entertainment Corp.
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW4
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
