If only Tyler Perry could make two or three movies every quarter Lions Gate Entertainment might be profitable already. Thanks to Perry, Lions Gate should post solid fourth-quarter and record year-end revenues, but it won’t be enough to lift the company into the black when it announces its results today.

Lions Gate already warned investors and the street back in February that its losses for the fiscal year that ended March 31, 2009, would be in the neighborhood of $135 million on revenues of between $1.4 billion and $1.5 billion. Last year, the company lost $74 million on revenues of $1.36 billion. The studio has said it expects to be in the black in 2010.

Earlier this week, Lions Gate sold 49% of its TV Guide Network for $123 million to One Equity Partners in an effort to boost its balance sheet. The company plans to give the channel a makeover, including a new name. Our suggestion: Tyler Perry TV.

– Joe Flint

Photo: Tyler Perry as Madea in “Madea Goes to Jail.” Credit: Alfeo Dixon / Lions Gate

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Tyler Perry will push Lions Gate to record revenues, but not profits

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