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‘The Crown’ Producer Left Bank Pictures’ Revenue Rockets To Record High Of $142M
EXCLUSIVE: The Crown season three scooped up a record haul of Golden Globes nominations earlier this week, and now the Netflix juggernaut and shows like White Lines have helped boost producer Left Bank Pictures’ earnings to an unparalleled high.
According to earnings filed at Britain’s Companies House, Left Bank’s…
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By Jake Kanter
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Viacom Q4 Net Beats Wall Street Estimates, With Paramount Back In Black For Year
Viacom reported fourth-quarter profit of 79 cents a share that beat Wall Street forecasts and Paramount Pictures returned to full-year profitability, though revenue slipped 1% to barely undershoot estimates.
Revenue came in at $3.4 billion for the quarter, down from $3.5 billion in the year-earlier quarter. Earnings…
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By Dade Hayes
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CBS Delivers Mixed Q3 Results In Last Quarter As Stand-Alone Company
CBS delivered a mixed set of third-quarter results, with earnings per share of 95 cents on an adjusted basis exceeding Wall Street analysts’ consensus forecast by two cents.
Revenue grew just 1% to $3.3 billion, which did not clear the $3.37 billion bar set by analysts.
It is expected to be the final quarter of…
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By Dade Hayes
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Disney Stock Rises As Wall Street Analysts Hail Q4 Report, Dawn Of Streaming Era
Disney stock gained nearly 4% Friday after analysts issued upbeat reactions to the company’s quarterly earnings report and reiterated optimism about Disney+.
The $7-a-month streaming service build on key brands like Marvel, Star Wars, Pixar and National Geographic launches at 12:01AM on Tuesday.
In its fiscal fourth-qu…
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By Dade Hayes
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Lionsgate Perks Up With Solid Q2 Numbers Powered By Streaming, Better Movies – Update
UPDATED with comments from the earnings call: Lionsgate’s beleaguered stock price rebounded after hours on the strength of a solid second-quarter earnings report. The company on Thursday reported earnings per share of 22 cents, 2 cents ahead of Wall Street analysts’ consensus, with revenue of $983.5 million, also…
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By Dade Hayes
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Disney Sets European Streaming Launch Date, Teams With Amazon, Samsung, LG
Disney CEO Bob Iger began the company’s quarterly earnings call with 10 minutes of remarks about what he has described as the biggest corporate initiative of his 45-year tenure at the company: the launch of Disney+.
The subscription streaming platform, which goes live in the U.S. and a handful of other territories on…
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By Dade Hayes
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Disney Tops Wall Street’s Q4 Estimates On Eve Of Streaming Debut
Disney delivered a strong batch of financial results for its fourth quarter, with diluted earnings per share of $1.07 beating Wall Street analysts’ consensus forecast of 95 cents.
The results marked an improvement from the previous quarterly report, last August, which were far more mixed and were blamed by management…
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By Dade Hayes
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AMC Boss Adam Aron Rips National CineMedia For Putting Ads Closer To Feature: “Quite Jarring” For Moviegoers
In an earnings call with analysts to discuss AMC Entertainment’s third-quarter results, CEO Adam Aron blasted National CineMedia’s new initiative placing advertisements closer to feature films.
Starting last Friday, NCM began running a single 30- or 60-second “platinum spot” immediately before the “attached” one or…
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By Dade Hayes
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Dish Network Beats Q3 Estimates And Bucks Downward Pay-TV Subscriber Trend
Dish Network, whose core satellite TV business has been steadily declining of late, reported better-than-expected financial results in the third quarter, including a rare gain in pay-TV subscribers.
Earnings per share totaled 66 cents on a diluted basis, ahead of the forecast of 61 cents by Wall Street analysts…
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By Dade Hayes
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AMC Entertainment Delivers Mixed Q3 Results As Attendance Sets Record
AMC Entertainment delivered mixed results for the the third quarter, posting total revenue of $1.3 billion and a loss of per share of 53 cents.
Revenue gained 8% over the prior-year period and slightly exceeded Wall Street analysts’ consensus forecast. The net loss was wider than the expectation for 53 cents a share…
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By Dade Hayes
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Fox Corp. Beats Wall Street’s Q1 Estimates, Unveils Limit On Murdochs’ Stake
Fox Corp. beat Wall Street’s estimates for its fiscal first quarter, with total revenue reaching $2.67 billion.
Adjusted earnings per share of 80 cents beat analysts’ consensus estimate for 69 cents. Given the Disney-Fox deal, which closed in March, pure year-to-year comparisons are still a couple of quarters away. On…
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By Dade Hayes
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Sinclair Q3 Revenue Surges But Net Loss Booked Amid Dish RSN Carriage Dispute
In the third quarter, a period when it closed the $9.6 billion acquisition of 21 regional sports networks formerly owned by Fox, Sinclair Broadcast Group reported a 47% spike in revenue but a net loss of 64 cents a share.
During a conference call with Wall Street analysts, CFO Lucy Rutishauser called Sinclair a “much…
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By Dade Hayes
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