David Miller of BRiley & Co. issued a similarly bullish report and repeated his $34 target,predicting that “Catching Fire” will gross $900 million worldwide. That’s 22% above the $691 million gross for “The Hunger Games,” will Miller noting that the popularity of the “Hunger Games” book trilogy has “exploded” overseas since last year’s release of the first film.
Miller also said he expects Lionsgate is set to dramatically increase its TV Production output by as much as 15% in the 2015 fiscal year.
Wall Street has been a strong supporter of Lionsgate, with the stock having quadrupled in less than two years due to success in young-adult franchises such as “Twilight” and “The Hunger Games,” and a growing TV operation with such shows as shows “Mad Men” and “Nurse Jackie.”
The final two “Hunger Games” films will be released in November, 2014 and November, 2015.
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