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What financial reports reveal about movie studios

Published on NewsOK Modified: December 4, 2012 at 3:53 pm •  Published: December 4, 2012

Companies with movie studios have released 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."

— Nov. 6: 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.

— Nov. 7: Time Warner Inc. says the Warner Bros. studio had a strong quarter with the release in theaters of the latest Batman movie, "The Dark Knight Rises." But that wasn't enough to match the comparison period in 2011, which benefited from "Harry Potter and the Deathly Hallows: Part 2" and license fees for "The Big Bang Theory" and "Friends" in reruns. The recent quarter saw an increase in video-on-demand revenue.

— 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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