LA Times reports highlights from Lionsgate converence call with analysts:
About Catching Fire’s Profit:
Lions Gate expects to make slightly less money on next year’s “Hunger Games” sequel “Catching Fire” than it did on the original due to higher costs, but hopes to improve its bottom line on the final two films in the franchise by shooting them back-to-back.
On a conference call with analysts discussing the company’s financial results for its fiscal first quarter, Lions Gate motion picture group Co-chairman Patrick Wachsberger said, “The profitability of ‘Catching Fire’ might decline slightly due to the scope of the film.” That’s a reference to higher costs for production and bringing back the movie’s actors, which will apparently outweigh improvements the studio is receiving in its production tax credit as well as the terms of sales to foreign distributors.
About Catching Fire’s Budget:
Lions Gate executives did not specify the planned budget for “Catching Fire” on the conference call.
About Mockingjay Films:
Although no director has been selected for the two planned films to be adapted from “Mockingjay,” the third book in the “Hunger Games” trilogy, Wachsberger said that the two movies, to be released in November 2014 and 2015, will be shot together.
Because of that, Wachsberger said, “we expect the average budget [for the ‘Mockingjay’ movies] to be slightly lower than ‘Catching Fire.'” And with lower costs, he added, “profitability should come up with the final two installments.”
(Source: LA Times)