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His name is Mark Rachesky, and he happens to be the biggest shareholder of Lions Gate Entertainment, which of course is distributing the super-hot film. Rachesky is manager of investment firm MHR Fund Management, which has snapped up more than 51.26 million shares of the company, or a 35.7 percent stake. He's also co-chairman of Lions Gate - and played a hand in blocking a takeover effort by Carl Icahn. As for the stock, Lions Gate is up a cool 137 percent over the last year, though it's down a bit this morning. (Business Insider)
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent Hollywood stories:
Obama meets with victims of LAX shooting*THR's Stephen Galloway wins entertainment journalist of the year
Finke, Waxman, Penske, Min: Battle of the Hollywood trades
Photos: AARP Films for Grownups Film Festival
Best thing about next year's Oscars night probably just happened
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.