Corporate raider Carl Icahn may now have his sights set on a takeover of Lionsgate, Daily Variety indicated today (Monday), allying himself with Mark Rachesky, whose MHR Fund Management owns a 19.4-percent stake in the Canadian-based studio; Icahn owns 14.5 percent. According to the trade paper, the two men are seeking to add directors to the company board by expanding it and removing some members. Their actions come after Lionsgate experienced a string of loss-making films at the box office until striking gold with the current hit Tyler Perry's Madea Goes to Jail .

09/03/2009