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Image fights off Lionsgate.
- Article from:
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Daily Variety
- Article date:
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October 11, 2006
- Author:
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Copyright informationCOPYRIGHT 2006 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Lionsgate has lost the battle, but perhaps not the war, in its fierce fight to control Image Entertainment.
Image shareholders voted Tuesday to keep the indie DVD supplier's incumbent slate of directors, dealing a blow to Lionsgate's opposing candidates, sources said.
Execs from both companies de clined to comment on the results, as they await the official tally from an independent tabulator. Final results should be disclosed in a week. Lionsgate, already a major Image shareholder, has been gunning to oust the current board to gain the upper hand in its quest to acquire Image. The two companies have been sparring publicly for months. Lionsgate has accused Image's board ...
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