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CBS Corp., as expected, acquired half of TV Guide Network, and will enter a 50-50 partnership with Lions Gate Entertainment Corp. for the entertainment channel and website.

"The Possession" was the top choice for moviegoers over Labor Day weekend, giving Lionsgate three weekends in a row of box office supremacy. The horror film, produced by Sam Raimi, grossed an estimated $17.7 million from Friday to Sunday,and could be over $21 million by the time Labor Day earnings are tabulated on Tuesday. That would give the Lionsgate feature the second-highest Labor Day opening ever, behind only the original "Halloween." Jason Statham's "The Transporter" held the previous runner-up position, with $20.1 million earned in 2005.

FX telecasts the final episode on its initial 10-episode order of Charlie Sheen’s comedy “Anger Management” tonight, after which the network will announce whether the show hit the ratings threshold under which the network is obligated to order 90 additional episodes, per its contract with Lionsgate, which produces the show.

"Hunger Games" becomes the first film since "Avatar" to spend four straight weekends at No. 1, while fellow Lionsgate pic "Cabin in the Woods" opens third with $14.9 million; "Battleship" Beat Overseas by "Titanic 3D" in surprise upset.

Now it is official. Gary Ross is not returning to direct The Hunger Games sequel, Catching Fire, for Lionsgate. In a statement released to the press, Ross cited the tight schedule as the main reason for him turning down the project. Below is an excerpt of his full statement.

"Hunger Games" is doing big box office its first day in theaters, and now a Barbie doll is in the works. Mattel's Barbie Collector is in the process of producing a custom collectible doll inspired by heroine Katniss Everdeen, played by Jennifer Lawrence in Lionsgate's big-screen adaptation, The Hollywood Reporter has confirmed.

The feast is on: "The Hunger Games" has taken in $68.25 million domestically in its first day, a record for a non-sequel. The Friday total for Lionsgate's "The Hunger Games" was the fifth-best opening day ever and puts the movie on track for the best debut weekend ever in March. That record is held by "Alice in Wonderland" with $116.1 million.

Bringing Hollywood's two biggest independent film studios and the blockbuster young adult franchises "Twilight" and "The Hunger Games" into one powerful entity, Lions Gate Entertainment has agreed to acquire Summit Entertainment for $412.5 million in cash and stock.

Lions Gate Entertainment is close to an agreement to acquire Summit Entertainment, the studio behind the "Twilight" movies, in a deal expected to close as early as this week, according to people familiar with the matter.

Good thing Mickey Haller already works in LA; it looks like he won't be leaving town for a while.