This was a deal Lions Gate Entertainment needed to make: ensuring that Hunger Games director and screenwriter Gary Ross stuck around for the sequel.
But he's not going to, citing time constraints, and investors ought to be concerned. Lions Gate shares have soared in the past year on optimism about the Hunger Games, the blockbuster series based on novels aimed at teens. The buzz has the feel of a Harry Potter-style franchise -- if it can sustain the momentum.
Vancouver-based Lions Gate made the announcement Tuesday. As Bloomberg News says, the loss of the “creative leader” of the series on screen is a big blow. The full story is here.