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Lionsgate rebounds as “Michael” and other hits top $1 billion
The New York Times Business links Lionsgate’s turnaround to studio returns after major companies previously avoided the risk profile of its projects.
The New York Times Business reports that “Michael” has crossed $1 billion at the box office, marking a key milestone as Lionsgate’s newer releases help revive the studio.
The outlet says Lionsgate, once shunned by larger studios as too risky, is benefiting from a cluster of hits that are supporting its comeback.
The article also raises the question of whether the recent box office momentum is enough to sustain a broader recovery for Hollywood’s last major independent studio.