Are you a "Hunger Games" fan? Then here is a good news for you. Lions Gate Entertainment Corp. LGF is set to open a Hunger Games attraction at Motiongate Dubai and also has plans for two theme parks to be built in Atlanta and Macau. Following the news, the Zacks Investment Research upgraded the company by a notch to a Zacks Rank #2 (Buy).
The NY Times reported that after passing through the gates, visitors will arrive in a re-creation of the fictional District 12, where Katniss grew up. There will be costumed characters and real-life versions of Peeta Mellark’s bakery and the Hob black market. A lavish roller coaster will be designed to resemble the movies’ high-speed Capitol trains and there’s a simulator-style ride that will take people on a hovercraft tour of Panem.
Lions Gate is following suit of The Walt Disney Company DIS and Six Flags Entertainment Corporation SIX, which have already established themselves in the theme park business.
However, Lionsgate is going about this differently from Disney and Universal. The company is not taking the risk of development and management of the parks, rather it is licensing its movie properties to developers to build and operate the attractions, much like Warner Bros.
Earlier, Lions Gate has said that the company in collaboration with China Film Group and its promotional partner, Talent International is all set to release the fourth installment of the Hunger Games franchise, The Hunger Games: Mockingjay – Part 2 in China on Nov 20, the day when it will also be released in the U.S.
A Stock to Consider
A favorably ranked stock worth considering in this sector is Twenty-First Century Fox, Inc. FOX, which sports a Zacks Rank #1 (Strong Buy).
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
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