You will be redirected back to your article in seconds

‘Casper’ helps Harvey turn quarter profit

Universal pays fee for sequel ghost story

NEW YORK — Harvey Entertainment Co. earned $627,000 in the fourth quarter, compared with a loss of $386,000 a year earlier, it said Tuesday, boosted by the release of its direct-to-vid feature “Casper: A Spirited Beginning.”

But the increase was also helped by a one-time fee Harvey received from Universal Studios when U decided to do a theatrical sequel to “Casper,” a spokesman for Harvey said Tuesday. The size of the fee was not disclosed.

Harvey’s film revenues jumped to $2.1 million in the quarter from $476,000 a year earlier, while licensing revenues almost doubled to $1.5 million. Harvey took back control of its licensing activities last year from Universal, enabling the company to start signing up new licensees around the world.

Harvey finished the year with revenue of $15.4 million, up from $9.1 million in 1996, and a net profit of $3.1 million — compared with $1.2 million a year earlier.

More Biz

  • Leonardo Da Vinci Salvator Mundi Auction

    How a Restored da Vinci Became the Most Expensive Artwork Ever

    NEW YORK — Harvey Entertainment Co. earned $627,000 in the fourth quarter, compared with a loss of $386,000 a year earlier, it said Tuesday, boosted by the release of its direct-to-vid feature “Casper: A Spirited Beginning.” But the increase was also helped by a one-time fee Harvey received from Universal Studios when U decided to […]

  • Barry Diller Hollywood

    Barry Diller Eyes $30 Million Gondola to Hollywood Sign (EXCLUSIVE)

    NEW YORK — Harvey Entertainment Co. earned $627,000 in the fourth quarter, compared with a loss of $386,000 a year earlier, it said Tuesday, boosted by the release of its direct-to-vid feature “Casper: A Spirited Beginning.” But the increase was also helped by a one-time fee Harvey received from Universal Studios when U decided to […]

  • Terry Crews WME

    Terry Crews Signs With UTA After WME Battle

    NEW YORK — Harvey Entertainment Co. earned $627,000 in the fourth quarter, compared with a loss of $386,000 a year earlier, it said Tuesday, boosted by the release of its direct-to-vid feature “Casper: A Spirited Beginning.” But the increase was also helped by a one-time fee Harvey received from Universal Studios when U decided to […]

  • vice_logo

    Disney Will Get More Vice After Acquiring 21st Century Fox's $70 Million Stake

    NEW YORK — Harvey Entertainment Co. earned $627,000 in the fourth quarter, compared with a loss of $386,000 a year earlier, it said Tuesday, boosted by the release of its direct-to-vid feature “Casper: A Spirited Beginning.” But the increase was also helped by a one-time fee Harvey received from Universal Studios when U decided to […]

  • GLAAD Report: LGBTQ Characters 'Invisible' in

    GLAAD Report: LGBTQ Characters 'Still Invisible' in Primetime U.S. Spanish-Language TV

    NEW YORK — Harvey Entertainment Co. earned $627,000 in the fourth quarter, compared with a loss of $386,000 a year earlier, it said Tuesday, boosted by the release of its direct-to-vid feature “Casper: A Spirited Beginning.” But the increase was also helped by a one-time fee Harvey received from Universal Studios when U decided to […]

More From Our Brands

Access exclusive content