What financial reports reveal about movie studios

Published on NewsOK Modified: December 4, 2012 at 3:53 pm •  Published: December 4, 2012
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— Nov. 8: The Walt Disney Co. says movie studio revenue fell as "Brave" failed to perform as well as "Cars 2" a year ago.

— Nov. 15: Viacom Inc. says its Paramount movie studio division saw revenue fall 39 percent because it had no blockbuster release. A year ago, it released "Transformers: Dark of the Moon," which has sold $1.1 billion in tickets. Viacom has eight movies on its release schedule for the holiday quarter, though it expects loss to grow compared with a year ago. Growth should come when those movies are out on home video next year.

— Monday: News Corp. says its new publishing company will keep the News Corp. name, while its media and entertainment company will be renamed Fox Group after the conglomerate splits into two companies, as previously announced.

— Tuesday: Netflix announces that its video subscription service has trumped pay-TV channels and grabbed the rights to show Disney movies shortly after they finish their runs in theaters. Netflix's streaming service will have exclusive U.S. rights to offer Disney's first-run movies during the period normally reserved for premium TV network such as HBO, Starz and Showtime. It will start after Disney's current deal with Starz ends in 2015.



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