There’s an article in today’s Los Angeles Times talking
about how Lions Gate Television, my former employer on MISSING, manages to make
a profit on their cable television shows.
But by employing financing formulas it has used to make and distribute
such profitable, low-budget movies as "Madea’s Family Reunion" and the
"Saw" horror franchise, Lions Gate not only covered its costs on
"Weeds" but also cleared what industry analysts estimate was about
$100,000 per episode of pure profit.
[…]By cobbling together money from license fees, income from international
sales, state and local tax rebates and subsidies, Lions Gate has at
least broken even from day one on all nine of its shows — a rarity in a
business where most network shows begin in the red.
It’s interesting stuff. The TV
division is run by the impossibily energetic Kevin Beggs, easily one of the
brightest, friendliest, and most creatively supportive execs I’ve ever worked with. It’s nice to see him
getting the recognition he deserves.