You will be redirected back to your article in seconds

Germany’s Advanced lowers forecast for 2001

Film rights co. posts nine-month loss

COLOGNE — Film rights dealer Advanced Medien, struggling to stay listed on Frankfurt’s Neuer Markt, is hurting more than it expected from the industry’s depressed mood and has revised its profits forecast for 2001.

Company said the third quarter results dragged down to a loss of 10.25 million euros ($9 million), against red ink of $500,000 in the corresponding period of 2000. Year-to-date sales have halved to $11 million, but sales for the quarter were actually up 13% on the year-earlier period at $3.7 million.

Advanced said that it expects sales for the full year of $16 million- $18 million.

Company won an injunction that prevented its expulsion from the Neuer in September and gave it six months to hit profits. Companies may be forced from the exchange if their shares trade below 1 euro for a certain period or if they face insolvency.

(Bloomberg contributed to this report.)

More Film

  • Frances O'Connor, Richard Roxburgh Cast in

    Frances O'Connor, Richard Roxburgh Join Australia's 'Go Karts'

    COLOGNE — Film rights dealer Advanced Medien, struggling to stay listed on Frankfurt’s Neuer Markt, is hurting more than it expected from the industry’s depressed mood and has revised its profits forecast for 2001. Company said the third quarter results dragged down to a loss of 10.25 million euros ($9 million), against red ink of […]

  • Cameron Bailey

    Cameron Bailey Promoted to Co-Head of Toronto Film Festival

    COLOGNE — Film rights dealer Advanced Medien, struggling to stay listed on Frankfurt’s Neuer Markt, is hurting more than it expected from the industry’s depressed mood and has revised its profits forecast for 2001. Company said the third quarter results dragged down to a loss of 10.25 million euros ($9 million), against red ink of […]

  • Animated Film 'Another Day of Life'

    Cannes: Buzzy Animated Film 'Another Day of Life' Gets Special Screening

    COLOGNE — Film rights dealer Advanced Medien, struggling to stay listed on Frankfurt’s Neuer Markt, is hurting more than it expected from the industry’s depressed mood and has revised its profits forecast for 2001. Company said the third quarter results dragged down to a loss of 10.25 million euros ($9 million), against red ink of […]

  • IMAX Format Gains Momentum in India

    IMAX Format Gains Momentum in India

    COLOGNE — Film rights dealer Advanced Medien, struggling to stay listed on Frankfurt’s Neuer Markt, is hurting more than it expected from the industry’s depressed mood and has revised its profits forecast for 2001. Company said the third quarter results dragged down to a loss of 10.25 million euros ($9 million), against red ink of […]

  • Television producer Tina Fey attends the

    Tina Fey Tears Up Remembering Gilda Radner at Tribeca Opening Night

    COLOGNE — Film rights dealer Advanced Medien, struggling to stay listed on Frankfurt’s Neuer Markt, is hurting more than it expected from the industry’s depressed mood and has revised its profits forecast for 2001. Company said the third quarter results dragged down to a loss of 10.25 million euros ($9 million), against red ink of […]

  • moviepass card

    MoviePass Parent's Shares Crushed After Disclosing Pricing of Stock Sale

    COLOGNE — Film rights dealer Advanced Medien, struggling to stay listed on Frankfurt’s Neuer Markt, is hurting more than it expected from the industry’s depressed mood and has revised its profits forecast for 2001. Company said the third quarter results dragged down to a loss of 10.25 million euros ($9 million), against red ink of […]

  • 'Deadpool 2' Releases Final Trailer [WATCH]

    'Deadpool 2' Final Trailer Digs at DC Universe

    COLOGNE — Film rights dealer Advanced Medien, struggling to stay listed on Frankfurt’s Neuer Markt, is hurting more than it expected from the industry’s depressed mood and has revised its profits forecast for 2001. Company said the third quarter results dragged down to a loss of 10.25 million euros ($9 million), against red ink of […]

More From Our Brands

Access exclusive content