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News Summary: Lions Gate posts 1Q loss on costs

By The Associated Press
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HUNGER TO SPEND: Higher movie marketing expenses drove a $44.2 million loss for Lions Gate Entertainment Corp. in the quarter. Good thing spending was mainly for “The Hunger Games,” a hugely popular blockbuster that grossed nearly $700 million.

TAKE TWO: Because of splits with theater owners and marketing costs, CEO Jon Feltheimer says two-thirds of the profits on “The Hunger Games” is still to come. DVD sales start Aug. 18.

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