The King of Thrills: Lionsgate's "Michael" Effect Lionsgate's quarterly results show a significant turnaround, thanks largely to the massive success of their biopic "Michael.
" The film has grossed over $1 billion globally and contributed substantially to the studio's bottom line. The movie division reported a profit of $105 million for the quarter, its best performance in June.
The success of "Michael" highlights the enduring appeal of biopics as a genre.