Katherine Heigl has signed on to star opposite Ashton Kutcher in the Lionsgate thriller "Five Killers."
There's blood in the water over at Lionsgate, and it's attracted Carl Icahn.
Lionsgate swung to a net loss of $93.4 million in the fiscal third quarter from a profit of $7.3 million in the year-earlier period.
"More Than a Game," a documentary about NBA star LeBron James' high school days in Akron, Ohio, has been sold to Lionsgate in an unusual deal.
Lionsgate is eliminating 8% of its staff, which had grown from 350 to 550 over the past four years.
Lionsgate has set Ashton Kutcher to star in and Robert Luketic to direct "Five Killers," an action comedy that will begin production early next year.
Lionsgate shareholder Carl Icahn, recognizing a bargain when he sees one, has upped his stake in the company from 4% to more than 9%.
With Lionsgate in expansion mode, topper Jon Feltheimer has signed a long-term agreement with the mini-major, extending his tenure as co-chairman and CEO until March 2014.