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COMPANY SWINGS TO POSITIVE FREE CASH FLOW

COMPANY REPORTS REVENUE OF $376.9 MILLION, EBITDA OF $58.8 MILLION, NET INCOME OF $46.1 MILLION OR $0.34 PER BASIC SHARE AND FREE CASH FLOW OF $167.6 MILLION IN THE FOURTH QUARTER OF FISCAL 2011

SANTA MONICA, Calif. and VANCOUVER, British Columbia, May 31, 2011 /PRNewswire/ — Lionsgate (NYSE: LGF) today reported revenue of $1.58 billion, EBITDA of $68.3 million and adjusted EBITDA of $106.5 million for fiscal year 2011 (fiscal year ended March 31, 2011). 

Revenue increased 6% compared to the prior year driven primarily by increases in theatrical, home entertainment and international film revenue.  The home entertainment revenue included strong growth in digital and on demand revenue, which increased 69% from the prior year to $140 million.  

The Company reported EBITDA of $68.3 million and adjusted EBITDA of $106.5 million for the fiscal year compared to EBITDA of $62.3 million and adjusted EBITDA of $128.4 million in the prior year.  EBITDA gains primarily reflected significantly reduced theatrical marketing costs and higher margin revenue from digital media platforms.  Adjusted EBITDA decreased because of the inclusion of an adjustment for non-risk prints and advertising (PA).

Net loss of $53.6 million in

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