What financial reports reveal about movie studios

AP News
Posted: Nov 06, 2012 5:11 PM
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.

— Oct. 26: Comcast Corp., which owns Universal Pictures, says revenue from its filmed entertainment business grew 24 percent to $1.4 billion, driven by the strong box office performance of "Ted" and "The Bourne Legacy."

— Nov. 1: DreamWorks Animation SKG Inc. says net income grew 24 percent thanks to the box office success of "Madagascar 3: Europe's Most Wanted."

Sony Corp. says its Sony Pictures Entertainment unit got a boost from the strong performance of "The Amazing Spider-Man," offset by the less successful "Total Recall."

— Tuesday: 20th Century Fox owner News Corp. says its filmed entertainment business saw operating income grow 15 percent, thanks to the box-office performance of "Ice Age: Continental Drift." In the year-ago period, News Corp. had "Rise of the Planet of the Apes" in theaters and "Rio" and "X-Men: First Class" on home video. The recent quarter also benefited from increased digital revenue related to the timing of content available on Netflix.

Coming up:

— Wednesday: Time Warner Inc. (Warner Bros.)

— Thursday: The Walt Disney Co.

— Nov. 15: Viacom Inc. (Paramount)