Two small but important Hollywood company, DreamWorks Animation and Imax, reported quarterly financial results significantly improved on Thursday.
DreamWorks Animation fourth profit jumped 95 percent, to $ 85.2 million while profit at Imax was 54.2 million, up from $ 4 million the previous year. Both companies benefit from hefty tax breaks, so that the results were pretty misleading as a sign of general health.
Despite its growth, DreamWorks Animation has had lately a tough go of things. The sale of tickets for his latest release, "megamind," fell well short of the expectations of investors and DVD sales for "Shrek Forever after" were soft. The company's operating results reflect the operating losses of approximately $ 35 million related to an online virtual world business and touring production of "Shrek: the Musical."
The company takes out plans to release consistently three films animated feature film a year instead of two. "We're going to remain kind of flexible about it", Jeffrey Katzenberg, chief executive of DreamWorks Animation, told analysts on a conference call.
"Today we would probably say no movies before his time," he added.
On a brighter side, Mr. Katzenberg noted that demand for animated film was "robust" and DreamWorks Animation had its biggest year ever at the box office worldwide — about $ 1.6 billion from "How to Train Your Dragon," "Shrek Forever after" and "megamind." Expectations are high for the next release of the company, "kung fu Panda 2", on 26 May.
IMAX benefited from growth in its network of theatres of large format films and the strong presence for Imax screenings of films like "Harry Potter and the Deathly Hallows: part one" and "Tron: Legacy." IMAX 54 Theatre installed systems, up to 38 a year before, in the fourth quarter. The Imax plans next year, to add 80 to 90 new theatres.
Showing posts with label decoder. Show all posts
Showing posts with label decoder. Show all posts
Sunday, February 27, 2011
Media decoder: In agreement with Netflix, new revenue for CBS
CBS will likely earn approximately $ 200 million over the next two years under the deal that has reached this week with Netflix to stream TV shows from the library's network, an analyst estimated on Wednesday.
The two companies have announced a non-exclusive deal for some TV shows on Tuesday, giving CBS a new source of incremental revenue and giving Netflix promote its customers a little more streaming content.
The content includes "Medium", which has recently been cancelled; "Flashpoint", which is shared with CTV in Canada; and a series of old shows as "Frasier," "family ties" and "Cheers." (Some of the shows included in the package are associated with other networks, but were distributed from the study of CBS).
Above all, the deal excludes all largest exhibitions of CBS, reaffirming the position of network television is first and the Web is in second place for now.
Terms of the agreement were not disclosed. Barclays analyst note, said Wednesday that the deal was worth about $ 200 million to CBS.
"We believe that the deal is a clear positive for CBS, the network is now able to monetize its library content in new ways and incremental without detracting from that content or undermine existing revenue streams from ad buyers or distributors," said analyst note.
Scott Koondel, President of CBS Television Distribution, struck a similar tone in a statement announcing the deal. "We will continue to pursue distribution partners that are not exclusive extra additive to our global business," said Mr. Koondel.
The two-year agreement gives CBS an opportunity to renew for another two years.
For now, CBS remains the only one of the four major networks that do not share any TV shows with Hulu, the site Web TV which is partly owned by ABC, Fox and NBC. NetFlix has already offered by other major networks, but don't have the rights for as many shows as Hulu does.
The fact that companies like Netflix are bidding for the rights to transmit TV programmes is seen as a positive for networks like CBS, as long as the networks don't give their main source of income, the old-style broadcast.
The two companies have announced a non-exclusive deal for some TV shows on Tuesday, giving CBS a new source of incremental revenue and giving Netflix promote its customers a little more streaming content.
The content includes "Medium", which has recently been cancelled; "Flashpoint", which is shared with CTV in Canada; and a series of old shows as "Frasier," "family ties" and "Cheers." (Some of the shows included in the package are associated with other networks, but were distributed from the study of CBS).
Above all, the deal excludes all largest exhibitions of CBS, reaffirming the position of network television is first and the Web is in second place for now.
Terms of the agreement were not disclosed. Barclays analyst note, said Wednesday that the deal was worth about $ 200 million to CBS.
"We believe that the deal is a clear positive for CBS, the network is now able to monetize its library content in new ways and incremental without detracting from that content or undermine existing revenue streams from ad buyers or distributors," said analyst note.
Scott Koondel, President of CBS Television Distribution, struck a similar tone in a statement announcing the deal. "We will continue to pursue distribution partners that are not exclusive extra additive to our global business," said Mr. Koondel.
The two-year agreement gives CBS an opportunity to renew for another two years.
For now, CBS remains the only one of the four major networks that do not share any TV shows with Hulu, the site Web TV which is partly owned by ABC, Fox and NBC. NetFlix has already offered by other major networks, but don't have the rights for as many shows as Hulu does.
The fact that companies like Netflix are bidding for the rights to transmit TV programmes is seen as a positive for networks like CBS, as long as the networks don't give their main source of income, the old-style broadcast.
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