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Lionsgate's “Michael” Hits $1 Billion, Studio’s First Blockbuster

7/12/2026

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Summary

Story summary

Lionsgate's Michael Jackson biopic “Michael” crossed $1 billion globally, becoming the studio’s first film to reach that mark, according to Rentrak.
Lionsgate produced the $150 million film after major studios passed on it.
Universal and Kino co-distributed the film overseas.
Lionsgate’s 2024 revenue fell to $251 million, an 85 % drop from its 2012 peak of $1.72 billion.
Its share price fell to $5.76, the lowest level since the Covid-19 pandemic.

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Story summary

Lionsgate's Michael Jackson biopic “Michael” crossed $1 billion globally, becoming the studio’s first film to reach that mark, according to Rentrak.
Lionsgate produced the $150 million film after major studios passed on it.
Universal and Kino co-distributed the film overseas.
Lionsgate’s 2024 revenue fell to $251 million, an 85 % drop from its 2012 peak of $1.72 billion.
Its share price fell to $5.76, the lowest level since the Covid-19 pandemic.