Lions Gate Entertainment POS AM Prospectus update (post-effective amendment)

EXHIBIT 12.1

LIONS GATE ENTERTAINMENT CORP.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
FIVE YEARS ENDED MARCH 31, 2005
(AMOUNTS IN THOUSANDS, EXCEPT RATIOS AND WHERE NOTED)

	Fiscal Year Ended March 31,
	2005			2004			2003			2002			2001
		$			$			$			$			$
Net income (loss) before income taxes, excluding equity interests in unconsolidated subsidiaries, write down of equity interests, gain on dilution of equity interests, gain on sale of equity interests, other equity interests and minority interests in consolidated subsidiaries		29,428			(89,554	)		379			(15,356	)		10,206
Interest capitalized		(1,000	)		(1,300	)		(300	)		(2,200	)		(1,500	)
Fixed charges		25,968			16,409			9,901			11,635			10,283
TOTAL EARNINGS		54,396			(74,445	)		9,980			(5,921	)		18,989
FIXED CHARGES:
Interest expense, amortization and write-off of deferred financing costs		23,668			14,342			9,034			8,735			8,116
Estimate of interest within rent expense		1,300			767			567			700			667
Interest capitalized		1,000			1,300			300			2,200			1,500
TOTAL FIXED CHARGES		25,968			16,409			9,901			11,635			10,283
RATIO OF EARNINGS TO FIXED CHARGES		2.09			—	(1)		1.01			—	(2)		1.85

(1) Earnings were insufficient to cover fixed charges by $ 90,854
(2) Earnings were insufficient to cover fixed charges by $ 17,556