Cannon revs trigger 2nd qtr. Explosion

Cannon Pictures Inc. more than doubled revenue for the second quarter, ended July 3. Revenue was $ 13.4 million compared to $ 5.8 million a year earlier.

Unaudited net income was $ 1.04 million.

In the second quarter of 1992, Cannon earned net income of $ 472,000.

For the six months, net income was $ 1.17 million, compared with $ 62,000 in the comparable period. Revenue rose 45% to $ 16.5 million from $ 11.4 million in first-half 1992.

Cannon president Christopher Pearce also reported Monday that Cannon will release at least five theatrical motion pictures this fall and winter: “Rescue Me” and “Midnight Ride,” starring Michael Dudikoff; sci-fi “American Cyborg: Steal Warrior”; “Hellbound,” starring Chuck Norris; and “Tobe Hooper’s Night Terrors.”

In addition, Cannon has entered into a five-year distribution contract for foreign representation of its films with Melrose Entertainment, superseding previous plans to merge Global Pictures and Melrose Entertainment into Cannon.

More Film

  • Blade Runner 2049

    Oscars: 'The Last Jedi,' 'Blade Runner 2049' and More Advance in VFX Race

    Cannon Pictures Inc. more than doubled revenue for the second quarter, ended July 3. Revenue was $ 13.4 million compared to $ 5.8 million a year earlier. Unaudited net income was $ 1.04 million. In the second quarter of 1992, Cannon earned net income of $ 472,000. For the six months, net income was $ […]

  • Eliza Hittman Penny Lane

    Eliza Hittman, Penny Lane Snag Rooftop Films Grants (EXCLUSIVE)

    Cannon Pictures Inc. more than doubled revenue for the second quarter, ended July 3. Revenue was $ 13.4 million compared to $ 5.8 million a year earlier. Unaudited net income was $ 1.04 million. In the second quarter of 1992, Cannon earned net income of $ 472,000. For the six months, net income was $ […]

  • Ashleigh Cummings6th Annual Australians in Film

    Ashleigh Cummings Joins Warner Bros.' 'The Goldfinch' Adaptation (EXCLUSIVE)

    Cannon Pictures Inc. more than doubled revenue for the second quarter, ended July 3. Revenue was $ 13.4 million compared to $ 5.8 million a year earlier. Unaudited net income was $ 1.04 million. In the second quarter of 1992, Cannon earned net income of $ 472,000. For the six months, net income was $ […]

  • Alamo Drafthouse Launching Video Rental Store

    Alamo Drafthouse Launching Video Rental Store in 2018 (EXCLUSIVE)

    Cannon Pictures Inc. more than doubled revenue for the second quarter, ended July 3. Revenue was $ 13.4 million compared to $ 5.8 million a year earlier. Unaudited net income was $ 1.04 million. In the second quarter of 1992, Cannon earned net income of $ 472,000. For the six months, net income was $ […]

  • No Merchandising. Editorial Use Only. No

    Box Office: Fathom Events Sees Soaring 2017 Performance (EXCLUSIVE)

    Cannon Pictures Inc. more than doubled revenue for the second quarter, ended July 3. Revenue was $ 13.4 million compared to $ 5.8 million a year earlier. Unaudited net income was $ 1.04 million. In the second quarter of 1992, Cannon earned net income of $ 472,000. For the six months, net income was $ […]

More From Our Brands

Access exclusive content