Post-production house Laser-Pacific Media Corp. reported a 13% boost in second-quarter revenues of $5.6 million Friday, helping narrow its net loss to $614,000 compared with $885,000 for the same period a year ago.
The Hollywood-based provider of digital compression and authoring services, film processing and television post work said the positive results, for the period ended June 30, were driven by expanded services including digitizing and editing for high-definition TV, movie mastering and DVD work.
Chairman and CEO James R. Parks said the quarter reflects the company’s “strongest second-quarter domestic performance on a per-share basis in a decade,” and busiest fall quarter in terms of television production work.
The June quarter is traditionally a slow one for post houses, since the television biz is on hiatus.
When the season picks up, Laser-Pacific will work on “Party of Five,” “Sports Night,” “Touched by an Angel” and “Seventh Heaven,” as well as new shows “Judging Amy,” “Stark Raving Mad,” “Love and Money,” “Time of Your Life” and “Get Real.”