Subs, ads lift quarter for Alliance Atlantis

Revs increase 63.3% in first quarter

TORONTO — Subscriber and ad revenue in the broadcast division led Toronto-based Alliance Atlantis to a boffo first quarter, marked by a revenue increase of 63.3% and a fourfold jump in net earnings to C$6.1 million ($3.9 million.)

Net earnings for the quarter ended June 30 were $3.9 million, up markedly from $900,000 a year ago, on revenues of $112.3 million.

Besides the “strong, sustained growth” in sub and ad rev, company attributed the increase to a strong release slate from the motion picture unit’s domestic theatrical and video distribution operations and from Momentum Pictures in the U.K. as well as more production deliveries from the television arm.

“This quarter’s earnings growth was driven by outstanding performance and strong contribution from each of our three operating groups” chairman and CEO Michael MacMillan said. “During the quarter, we also achieved a number of key business initiatives which have positioned us for continued growth.”

The initiatives include carriage agreements for seven new digital channels — Showcase Action, Showcase Diva, Discovery Health Channel Canada, National Geographic Channel, BBC Canada, BBC Kids and the Independent Film Channel Canada (subject to regulatory approval), all of which are scheduled to launch next month.

More Biz

  • Hand out image - Free of

    Philanthropy at the Core of Scooter Braun's Business

    TORONTO — Subscriber and ad revenue in the broadcast division led Toronto-based Alliance Atlantis to a boffo first quarter, marked by a revenue increase of 63.3% and a fourfold jump in net earnings to C$6.1 million ($3.9 million.) Net earnings for the quarter ended June 30 were $3.9 million, up markedly from $900,000 a year […]

  • Jeremy Piven

    'Entourage' Extra Claims Jeremy Piven Assaulted Her in New Allegation

    TORONTO — Subscriber and ad revenue in the broadcast division led Toronto-based Alliance Atlantis to a boffo first quarter, marked by a revenue increase of 63.3% and a fourfold jump in net earnings to C$6.1 million ($3.9 million.) Net earnings for the quarter ended June 30 were $3.9 million, up markedly from $900,000 a year […]

  • This, photo shows the 21st Century

    Comcast, Disney Keep Focus on 21st Century Fox Assets Despite AT&T-Time Warner Battle

    TORONTO — Subscriber and ad revenue in the broadcast division led Toronto-based Alliance Atlantis to a boffo first quarter, marked by a revenue increase of 63.3% and a fourfold jump in net earnings to C$6.1 million ($3.9 million.) Net earnings for the quarter ended June 30 were $3.9 million, up markedly from $900,000 a year […]

  • Scorpion-cbs TV Show

    How Scooter Braun Turned Luck With First Series 'Scorpion' Into Prolific TV Business

    TORONTO — Subscriber and ad revenue in the broadcast division led Toronto-based Alliance Atlantis to a boffo first quarter, marked by a revenue increase of 63.3% and a fourfold jump in net earnings to C$6.1 million ($3.9 million.) Net earnings for the quarter ended June 30 were $3.9 million, up markedly from $900,000 a year […]

  • Peter Thiel

    Billionaire Peter Thiel Sells Majority of Facebook Stake, Pocketing $29 Million

    TORONTO — Subscriber and ad revenue in the broadcast division led Toronto-based Alliance Atlantis to a boffo first quarter, marked by a revenue increase of 63.3% and a fourfold jump in net earnings to C$6.1 million ($3.9 million.) Net earnings for the quarter ended June 30 were $3.9 million, up markedly from $900,000 a year […]

  • Scooter Braun Team

    Meet the Six Key Execs Who Help Scooter Braun Care for Roster of Clients

    TORONTO — Subscriber and ad revenue in the broadcast division led Toronto-based Alliance Atlantis to a boffo first quarter, marked by a revenue increase of 63.3% and a fourfold jump in net earnings to C$6.1 million ($3.9 million.) Net earnings for the quarter ended June 30 were $3.9 million, up markedly from $900,000 a year […]

More From Our Brands

Access exclusive content