TO LIONS GATE SHAREHOLDERS:

Today the Icahn Group has launched a website entitled "Save Lions Gate" -- http://www.savelionsgate.com/

The website includes three reports. The first is "Why change is needed at Lions Gate". It goes into detail as to how the board approved an arrangement to issue millions of dollars in "bargain" priced stock to a fund controlled by Mark Rachesky, a board member, which Mr. Rachesky would vote (see page 6 of the report).

Through the years I have seen many transgressions of corporate governance but they all pale in comparison to what has taken place during a week in mid-July 2010 at Lions Gate. Some of the emails that were found in discovery make for fascinating reading. Many of these emails are printed in the report (see pages 13-15 of the report). (I believe they could be the basis of a great business movie on the abuses of shareholders in corporate America. Lions Gate has first right to the script.) One of the emails where Mark Rachesky, a director, is communicating with Michael Burns, Vice Chairman of Lions Gate, on how to best get the company's lawyers to provide Rachesky with a "disclosure letter", a necessary step in their plan, (see page 10 of the report) is as follows:

Rachesky to Burns: "You need to be the quarterback. I can only fail because you don't put enough effort in dealing with all these crazy lawyers' egos. They are not on the same page yet."

Burns to Rachesky: "They will be." "Beating sh*t out of lawyers. Making progress."

These are our directors. They are supposed to be safeguarding our assets. Shareholders, would you want these guys running your family business, let alone Lions Gate?

The second report was produced by Salem Partners LLC, a boutique investment bank specializing in media companies. Among many other things, it delves into misconceptions about the value of Lions Gate's film library and about cash flows or -- better said -- the lack thereof.

The third report compares our nominees with the current directors of Lions Gate we hope to replace.

After reading these reports, I hope and believe you will support us by voting the gold card. Let's try to save Lions Gate. If you have any questions or problems getting to the website, please contact Jesse Lynn at 212-702-4331 begin_of_the_skype_highlighting 212-702-4331 end_of_the_skype_highlighting or email him at jlynn@sfire.com.

The terms and conditions of the Icahn Group's offer to purchase up to all of Lions Gate's common shares for $7.50 per share, which expires at 11:59 p.m., Vancouver time, on December 10, 2010, unless extended or withdrawn, are set forth in an Offer to Purchase, Letter of Transmittal and other related materials that have been distributed to holders of Lions Gate's common shares and were filed with the SEC as exhibits to the Icahn Group's amended Schedule TO and with the Canadian securities authorities on SEDAR. Shareholders with questions about the tender offer may call D.F. King & Co., Inc., the Information Agent, toll-free at 800-859-8511 begin_of_the_skype_highlighting 800-859-8511 end_of_the_skype_highlighting (banks and brokers call 212-269-5550 begin_of_the_skype_highlighting 212-269-5550 end_of_the_skype_highlighting).

 

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Hong Kong -- GDC Technology ("GDC"), a world leading digital cinema solution provider, and Barco, a digital cinema pioneer, are pleased to announce today the successful deployment of over 300 units of Barco Series 2 DLP Cinema® projectors with GDC Integrated Media Block ("IMB") and SX-2000 servers. Barco and GDC will demonstrate this next generation of digital cinema technology on the show floor (GDC booth #311) of CineAsia between 7th - 9th December, 2010 in Hong Kong.

Since 2007 GDC and Barco have installed well over 2000 digital cinema systems worldwide with more than 1000 installations in China alone. Since May 2010, customers worldwide began to adopt the next generation of digital cinema technology utilizing the GDC's IMB with Barco Series 2 DLP Cinema® projectors. The IMB and Series 2 projector system is a future-proof digital cinema technology offering the most secure and advanced technology with a 4K upgrade path.

"We truly value our long standing relationship with GDC; Barco and GDC are both committed to continue to offer innovations in the cinema market." said Wim Buyens, Vice President of Barco Digital Cinema. "This can be seen from the success 2010 brought us, and we are confident to see more successes in the years to come."

"We are pleased to reach a new milestone in digital cinema by offering GDC's IMB with Barco's next generation projectors. This is a testament to our commitment to the digital cinema industry by offering the most advanced, future-proof technology," said Dr. Man-Nang CHONG, founder and CEO of GDC Technology. "We pride ourselves on this innovation which clearly demonstrates the effective research collaboration between GDC and Barco."

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Source: Deadline.com

Will Ferrell and Zach Galifianakis will play rival politicians in a new Warner Bros. comedy. Jay Roach is set to direct from a script by Chris Henchy (The Other Guys) and Shawn Harwell (Eastbound & Down). The film is set to be released during the 2012 election.

Ferrell has had a great year thanks to The Other Guys and Megamind. Galifianakis is currently shooting The Hangover 2 for Todd Phillips.

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