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Tag Archives: Financial
Layoffs at the Walt Disney Company’s studios and other units may take place in the wake of an internal cost-cutting review begun by the Mouse House several weeks ago, according to “three people with knowledge of the effort.” Continue reading
DreamWorks Animation had net income of $24.4 million for the third quarter ended September 30, up 24% from $19.7 million for the same period in 2011, the studio announced Thursday.
For the quarter, the company reported total revenue of $186.3 million. This compares to revenue of $160.8 million for the same period in 2011.
The Walt Disney Company will record a $50 million write-down at its movie studio division after halting production on an as-yet untitled stop-motion animated film, an unnamed “source with knowledge of the matter” told Reuters on Thursday.
Strong ticket sales to such films as “Brave” helped third-quarter profit at Disney’s movie studio zoom to $313 million from $49 million a year ago.
Although the Walt Disney Company lost $200 million on its partly animated science-fiction bomb John Carter, the entertainment giant announced Tuesday that its overall profit from January through March grew 21%.
Despite the popularity of the partly animated “The Smurfs,” Sony Corp. announced Thursday a record annual loss of 457 billion yen ($5.7 billion), marking its fourth year of red ink in a row.
First-quarter earnings at DreamWorks Animation SKG Inc. rose slightly in the first quarter as both revenue and costs increased, the studio announced Wednesday.
The 101 animated films released from 2002 through 2011 more than doubled their investment, with average revenues running 108.4% higher than costs.
The operator of the proposed Shanghai Disney theme park has succeeded in securing a 12.9 billion yuan ($2 billion U.S.) loan for the park’s construction, Chinese media reported Wednesday.