Lionsgate Comments on British Columbia Securities Commission Determination

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Jul 28, 2010, 09:06 ET

SANTA MONICA, Calif. and VANCOUVER, British Columbia, July 28 /PRNewswire-FirstCall/ -- Lionsgate (NYSE: LGF) today issued the following statement in response to the British Columbia Securities Commission's (the "BCSC") determination to dismiss the Icahn Group's application for a cease trade order against Lionsgate.

"We are pleased with the British Columbia Securities Commission's decision to dismiss the Icahn Group's application for a cease trade order against Lionsgate."

About Lionsgate

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 primetime cable and broadcast network series, distribution and syndication of programming through Debmar-Mercury and an array of channel platform assets. Lionsgate currently has nearly 20 shows on 10 different networks spanning its prime time production, distribution and syndication businesses, including such critically-acclaimed hits as "Mad Men," "Weeds" and "Nurse Jackie" along with new series such as "Running Wilde" and "Blue Mountain State" and the syndication successes "Tyler Perry's House of Payne," its spinoff "Meet The Browns" and "The Wendy Williams Show." 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.