UPDATE 2-Lions Gate says Epix talks on track
* Lions Gate says Epix distribution talks on track
* Affirms forecast adjusted EBITDA to top $75 mln
* Shares down more than 4 percent (Adds stock price, analyst quote, byline)
By Sue Zeidler
LOS ANGELES, Nov 10 (Reuters) - Lions Gate Entertainment Corp (LGF.N) said on Tuesday it expects more distribution deals soon for its Epix movie channel venture, and the independent studio also affirmed its earnings forecast for this year, disappointing some who had expected it would be raised.
Shares of Lions Gate, which on Monday posted a better-than-expected second-quarter profit, fell 22 cents, or 4.07 percent, to $5.19 on the New York Stock Exchange.
"Lions Gate beat on all the (second-quarter) metrics. If anything, investors may disappointed they didn't raise the guidance," said David Joyce, an analyst with Miller Tabak & Co.
On a conference call on Tuesday, Lions Gate officials affirmed the company's forecast for this year's adjusted earnings before interest, taxes, depreciation and amortization to be in excess of $75 million.
Lions Gate officials also answered questions about Epix, which it co-owns with Viacom Inc's (VIAb.N) Paramount and Metro-Goldwyn-Mayer. Continued...

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