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Lionsgate CEO On ‘Borderlands’ Bombing: “Everything That Could Go Wrong Did Go Wrong”

When it came to the bombing of Borderlands, among other late summer and fall releases, Lionsgate CEO Jon Feltheimer made no bones to emphasize culpa nostra. “On Borderlands, nearly everything that could go wrong did go wrong: it sat on the shelf for too long during the pandemic, and reshoots and rising interest rates took it outside […]

The $120M feature take of the famed videogame starred Jack Black, Kevin Hart, but most glaring of all, 2x Oscar winner Cate Blanchett in a renegade action role. Several of our other releases in the quarter, though cushioned by financial models that worked as intended, didn’t live up to either our standards or our projections.” Those misfires included Whitebird, The Crow, Killer’s Game, Never Let Go as well as Francis Ford Coppola’s Megalopolis, though the latter was a distribution deal for Lionsgate, meaning they had zero skin in the $120M production which was financed by The Godfather filmmaker. The CEO is also stoked by such future projects as Paul Feig’s Housemaid with Sydney Sweeney and Amanda Seyfried, Luca Guadagnino’s take on American Psycho, and Marc Webb’s Day Drinker starring Johnny Depp and Penelope Cruz, as well as the Ke Huay Quon action thriller Fairytale in New York.

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