Lions Gate Entertainment is more than just "The Hunger Games" — it's four films based on the three books of the teen dystopian saga, Piper Jaffray analyst James Marsh told CNBC Monday.
The film had a boffo opening weekend, earning $155 million in the U.S. and Canada alone, exceeding analyst expectations, Marsh said.
"I don’t think it's one film at all. I think it’s one in a series of four films," the four largest films Lions Gate will ever produce, he said. "I don’t think this is hitting the lottery once."
The company has a strong pipeline, with "The Expendables 2" and the final installment of the "Twilight" saga among those coming later this year. It also has "Mad Men" on television and other series in the works, including Charlie Sheen in "Anger Management."
Lions Gate has an advantage over DreamWorks Animation, another independent film company, said Marsh, who raised his price target on Lions Gate to $22 a share.
"What’s interesting with Lions Gate is you know what the next three films of 'The Hunger Games' are going to be about," he said. "Where Dreamworks is challenged is they’re trying to find the next film that could be a sequel. So they're a mirror image of each other. They’re trying to find lightning in a bottle and replicate that. Lions Gate already has those four films in the pipeline."
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