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.
Tom Ortenberg, a 12-year vet of Lionsgate, is leaving for a comparable exec post at the Weinstein Co.
Lionsgate has picked up North American and U.K. rights to James Strouse's comedy "The Winning Season."
"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.
Alli Shearmur is joining Lionsgate as president of motion picture production and will head a new production wing as the company continues to expand.