Revs jump to $55.5 mil
BERLIN — Unlike some of their less fortunate fellow German film firms, distribs Helkon and Splendid posted positive results Friday.
Helkon saw revenues shoot to DM111 million ($55.5 million), up 246% from the previous year.
Profits from ordinary activities from Aug. 1, 2000 to Jan. 31, 2001, hit $2.8 million, up from $640,000 the previous year.
Company was sued last month by U.K. film outfit Redbus for failing to pay $8 million owed from its acquisition of a 51% stake in Redbus Film Distribution last year.
Meanwhile, Splendid posted revenues for fiscal year 2000 of $24 million, up 40% compared to last year.
Company’s licensing division saw 70% growth and brought in the most money with $17 million. Some 85% of license trading sales ($15 million) came from the sale of rights to Splendid co-productions, including Robert Altman’s “Dr. T and the Women,” to other European license sellers.
Splendid’s post-production division increased sales by 100%, to $2 million.
The Cologne-based company is releasing seven pics this year, including the Oscar-winning “Traffic.”