NEWS: 'Catching Fire' to bring in $900 million at the Worldwide Box Office, analyst predicts

July 05, 2013

NEWS: 'Catching Fire' to bring in $900 million at the Worldwide Box Office, analyst predicts

A new article from Variety reports that Lionsgate's stocks have hit a record high due to the very much expected success of The Hunger Games sequel - Catching Fire, causing one analyst to predict that the film will potentially gross more than $900 million at the worldwide box office.

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.”