‘Catching Fire’ Profits Potentially Lower Than ‘Hunger Games’

August 10, 2012 | No Comments »
Posted by in Catching Fire, Hunger Games, Lionsgate, Movies

Lionsgate has made a large sum of money from The Hunger Games, but due to higher production costs, Catching Fire might not make as much.

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.

Since parts 1 & 2 of Mockingjay will be filmed together, it might help the profits in the long term.

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.”

Read the rest of the article HERE.

Source: LA Times

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