Lionsgate warns investors about losses

Lionsgate has warned investors that will lose between $40 million and $50 million in its current quarter, which has seen disappointing performances from its most recent eleases -- "Conan the Barbarian," "Warrior" and "Abduction."The minimajor issued the warning in a Securities and Exchange Commission filing Monday as part of its notfication to possible buyers of 22 million shares it is selling for Carl Icahn, who agreed last month to end his three-year battle with Lionsgate by pulling out of the company.The company said its estimated loss in earnings for its second quarter ending Sept. 30 before interest, taxes and depreciation of assets was $42 million to $56 million.The company said it will report its results for the quarter in the first half of November.The disclosure had little impact on Wall Street, as Lioisngate stock was off 3 cents to $6.97 in mid-session trading. Icahn's shares are being offered at $7 each. Contact Dave McNary at dave.mcnary@variety.com

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