With its three latest releases — “Conan,” “Abduction” and “Warrior” — performing poorly at the box office, Lionsgate says it expects to lose between $40 million and $50 million in the current quarter.

The confession to the SEC comes as Lionsgate prepares to sell activist investor Carl Icahn’s stake in the company to other investors, following his agreement last month to give up his ownership stake.

A more complete accounting for the quarter will come in November.