Description of problem:
I've used example command from man page:
# livecd-creator \
  --config=/usr/share/livecd-tools/livecd-fedora-minimal.ks

Version-Release number of selected component:
livecd-tools-20.4-1.fc20

Additional info:
reporter:       libreport-2.1.12
cmdline:        /usr/bin/python -tt /bin/livecd-creator --config=/usr/share/livecd-tools/livecd-fedora-minimal.ks
dso_list:       python-imgcreate-20.4-1.fc20.x86_64
executable:     /bin/livecd-creator
kernel:         3.13.5-200.fc20.x86_64
runlevel:       N 5
type:           Python
uid:            0

Truncated backtrace:
kickstart.py:61:read_kickstart:KickstartError: Failed to read kickstart file '/usr/share/livecd-tools/livecd-fedora-minimal.ks' : Local file does not exist: /usr/share/livecd-tools/livecd-fedora-minimal.ks

Traceback (most recent call last):
  File "/bin/livecd-creator", line 228, in <module>
    sys.exit(main())
  File "/bin/livecd-creator", line 176, in main
    ks = imgcreate.read_kickstart(options.kscfg)
  File "/usr/lib/python2.7/site-packages/imgcreate/kickstart.py", line 61, in read_kickstart
    e.args[0]))
KickstartError: Failed to read kickstart file '/usr/share/livecd-tools/livecd-fedora-minimal.ks' : Local file does not exist: /usr/share/livecd-tools/livecd-fedora-minimal.ks

Local variables in innermost frame:
ks: <pykickstart.parser.KickstartParser instance at 0x2dc55a8>
path: '/usr/share/livecd-tools/livecd-fedora-minimal.ks'
version: <f20.F20Handler object at 0x2d45d10>
e: URLGrabError(2, 'Local file does not exist: /usr/share/livecd-tools/livecd-fedora-minimal.ks')