---
title: "Lionsgate Shares Rise After 'Michael' Film Breaks Box Office Records"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284234629.md"
description: "Lionsgate shares rose 3.32% to $11.81 following the record-breaking $217 million opening weekend of its Michael Jackson film, \"Michael.\" The film achieved the largest opening for a music biopic, surpassing previous records. Despite mixed reviews, it earned an \"A-\" CinemaScore and exceeded initial box office projections. Benchmark maintained a Buy rating on Lionsgate, raising the price target from $12 to $15."
datetime: "2026-04-27T14:09:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284234629.md)
  - [en](https://longbridge.com/en/news/284234629.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284234629.md)
generator: "portal-rs"
---

# Lionsgate Shares Rise After 'Michael' Film Breaks Box Office Records

**Lionsgate Studios Corp** (NYSE:LION) shares are trading higher Monday after its Micheal Jackson film set box-office records with a $217 million opening weekend. Also, Benchmark maintained its Buy rating on the stock and raised its price target from $12 to $15.

-   Lionsgate stock is trading near recent highs. What’s next for LION stock?

## **Box Office Highlights**

According to NBC News, "Michael" generated $97 million domestically and $120.4 million internationally, bringing its global opening to approximately $217.4 million. 

The film delivered the largest opening weekend ever for a music biopic, surpassing previous debuts from "Straight Outta Compton" and "Bohemian Rhapsody." 

The movie significantly exceeded expectations, with earlier projections ranging from $50 million to $70 million ahead of the weekend.

Lionsgate said the film saw strong engagement across a wide range of audience segments, contributing to the stronger-than-expected performance. 

Despite mixed reviews, the film resonated with audiences and earned an "A-" CinemaScore. 

The production had faced challenges, including costly reshoots, but ultimately delivered a strong debut at the box office. 

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## Lionsgate Shares Soar

**LION Price Action:** At the time of publication, Lionsgate shares are trading 3.32% higher at $11.81, according to data from Benzinga Pro.

*This illustration was generated using artificial intelligence via Midjourney.*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**