Fourth-quarter sales nearly tripled and earnings nearly doubled for RHI Entertainment Inc. as the TV producer/distributor rang up big numbers from deliveries to the three webs.
In the quarter, RHI delivered three two-hour episodes of “Black Fox,” an oater, to CBS; two two-hour films to ABC; and three two-hour movies to NBC, including two “MacShayne” skeins toplining Kenny Rogers.
In 1993, the company delivered more than 50 hours of longform programming, compared with 12 hours in 1992.
For the quarter, RHI earned $ 4.8 million (59 cents a share), compared with $ 2.8 million (34 cents) in the like quarter a year ago. Revenue was $ 48.9 million, up from $ 16.8 million.
For the year, the company earned $ 10.1 million ($ 1.24), compared with $ 5.6 million(84 cents) in 1992. Revenue was $ 119.6 million, up from $ 56.5 million.
For 1994, RHI has lined up for delivery its high-profile “Scarlett,” an eight-hour miniskein, and 21 one-hour episodes of its syndicated “Lonesome Dove: The Series.” A company spokesman said RHI is “comfortable” with Wall Street’s 1994 earnings projections of $ 1.60 a share.