Metromedia losses widen in 1st quarter

Metromedia Intl. Group Inc.’s first-quarter losses widened compared to year-ago results, the company reported Thursday.

For the quarter ended March 31, the East Rutherford, N.J.-based company reported a loss of $22.2 million, compared to a $19.1 million loss for the same period last year. MMG’s first-quarter operating loss also widened — to $13.6 million from $10.1 million in 1996.

The company’s revenue jumped to $103.4 million, compared to $30.8 million last year, thanks to the consolidation of Snapper as well as acquisitions in the company’s entertainment division, including Motion Picture Corp. of America and Samuel Goldwyn Co.

MMG’s entertainment group reported a first-quarter operating loss of $3.4 million, compared to $2.7 million last year.

MGM agreed last month to acquire Metromedia Entertainment Group. The deal is expected to be completed by the end of summer.

More Biz

  • Sumner Redstone

    Sumner Redstone's Ex-Girlfriend Fights With Nurse For Access to Secret Tapes

    Metromedia Intl. Group Inc.’s first-quarter losses widened compared to year-ago results, the company reported Thursday. For the quarter ended March 31, the East Rutherford, N.J.-based company reported a loss of $22.2 million, compared to a $19.1 million loss for the same period last year. MMG’s first-quarter operating loss also widened — to $13.6 million from […]

  • Disney-Fox Deal Sets Up Scramble for

    Disney-Fox Deal Unleashes Flood of Free-Agent Executives, Talent

    Metromedia Intl. Group Inc.’s first-quarter losses widened compared to year-ago results, the company reported Thursday. For the quarter ended March 31, the East Rutherford, N.J.-based company reported a loss of $22.2 million, compared to a $19.1 million loss for the same period last year. MMG’s first-quarter operating loss also widened — to $13.6 million from […]

  • Paul Haggis Lawsuit

    Paul Haggis Hit With Lawsuit for Alleged Rape, Claims a $9 Million Shakedown

    Metromedia Intl. Group Inc.’s first-quarter losses widened compared to year-ago results, the company reported Thursday. For the quarter ended March 31, the East Rutherford, N.J.-based company reported a loss of $22.2 million, compared to a $19.1 million loss for the same period last year. MMG’s first-quarter operating loss also widened — to $13.6 million from […]

  • Sirius Logo

    SiriusXM Hit With Big Rate Hike by Copyright Royalty Board

    Metromedia Intl. Group Inc.’s first-quarter losses widened compared to year-ago results, the company reported Thursday. For the quarter ended March 31, the East Rutherford, N.J.-based company reported a loss of $22.2 million, compared to a $19.1 million loss for the same period last year. MMG’s first-quarter operating loss also widened — to $13.6 million from […]

  • Warner Music Group Logo

    Warner Music Taking Disciplinary Action Against Exec VP Jeff Fenster for Sexual Harassment

    Metromedia Intl. Group Inc.’s first-quarter losses widened compared to year-ago results, the company reported Thursday. For the quarter ended March 31, the East Rutherford, N.J.-based company reported a loss of $22.2 million, compared to a $19.1 million loss for the same period last year. MMG’s first-quarter operating loss also widened — to $13.6 million from […]

  • Leonardo Da Vinci Salvator Mundi Auction

    How a Restored da Vinci Became the Most Expensive Artwork Ever

    Metromedia Intl. Group Inc.’s first-quarter losses widened compared to year-ago results, the company reported Thursday. For the quarter ended March 31, the East Rutherford, N.J.-based company reported a loss of $22.2 million, compared to a $19.1 million loss for the same period last year. MMG’s first-quarter operating loss also widened — to $13.6 million from […]

More From Our Brands

Access exclusive content