Lionsgate Blaming Katherine Heigl For First Quarter Flop?

Well, they sort of are!

The first quarter report from Lionsgate is out, and the company is reporting that they lost $64.1 million dollars during the first quarter of 2010.

Though Killers, starring Katherine Heigl and Ashton Kutcher did make about a million more dollars than it’s production budget, keeping it out of the red, CEO John Feltheimer singled the film out in his statement.

He says:

“Our first quarter was affected by marketing costs for our three wide releases, timing of television deliveries and the underperformance of our theatrical release Killers.”

As for recouping in the final three?  Feltheimer believes that it will all start with the release of Stallone’s The Expendables this weekend.

We think they will bring in a nice chunk too!

“With our upcoming theatrical slate, beginning with this Friday’s opening of The Expendables, and the continued strength of our television, library and channel businesses, we remain poised to achieve our full year financial targets.”

Good luck!

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