According to sources Tyler Perry’s “Madea Goes to Jail,” which grossed $89.2 million in Lions Gate’s fourth quarter. If only Tyler Perry could make two or three movies every quarter Lions Gate Entertainment might be profitable already.
Thanks to Perry, Lions Gate should post solid fourth-quarter and record year-end revenues, but it won’t be enough to lift the company into the black when it announces its results Monday.
Lions Gate already warned investors and the street back in February that its losses for the fiscal year that ended March 31, 2009, would be in the neighborhood of $135 million on revenues of between $1.4 billion and $1.5 billion. Last year, the company lost $74 million on revenues of $1.36 billion. The studio has said it expects to be in the black in 2010.
