In Pictures: What financial reports reveal about movie studios
Companies with movie studios have begun releasing their earnings reports for the latest quarter. Here's a look at reports for selected movie industry companies and the films that buoyed them:
On Oct. 26, 2012, Comcast Corp., which owns Universal Pictures, said revenue from its filmed entertainment business grew 24 per cent to $1.4-billion (U.S.), driven by the strong box-office performance of ‘Ted’ and (above) ‘The Bourne Legacy.’The Associated Press
On Nov. 1, DreamWorks Animation SKG Inc. reported that net income grew 24 per cent thanks to the box-office success of ‘Madagascar 3: Europe’s Most Wanted.’
Also Nov. 1, Sony Corp. reported its Sony Pictures Entertainment unit got a boost from the strong performance of ‘The Amazing Spider-Man,’ offset by the less successful ‘Total Recall.’
On Nov. 6, 20th Century Fox owner News Corp. said its filmed entertainment business saw operating income grow 15 per cent, thanks to the box-office performance of ‘Ice Age: Continental Drift.’ The recent quarter also benefited from increased digital revenue related to the timing of content available on Netflix.20th Century Fox/The Associated Press
On Nov. 7, Time Warner Inc. reported the Warner Bros. studio had a strong quarter with the release in theatres of the latest Batman movie, ‘The Dark Knight Rises.’ The recent quarter also saw an increase in video-on-demand revenue.Ron Phillips
‘The Avengers’ is likely to have boosted profits at The Walt Disney Co., which reports earnings Nov. 8.Zade Rosenthal