Lion's Gate closes with gain on Moore film deal

Investor's Business Daily: Breaking News: "CHICAGO (CBS.MW) -- Shares of Lion's Gate Entertainment rose Wednesday on word that the company will be a part of a 'fellowship' formed to distribute 'Fahrenheit 9/11,' the latest documentary from director Michael Moore.

'We are honored to handle [Moore's] latest film,' said Lion's Gate chief executive Jon Feltheimer late Tuesday in a statement. 'We are delighted to join with IFC to maximize the theatrical potential of `Fahrenheit 9/11', which promises to be one of this year's seminal cinematic events.'

Lion's Gate (LGF) stock was up almost 2 percent to $6.72 at the close."