You will be redirected back to your article in seconds

Nothing Splendid about $9.4 mil net loss

Company inked deal with Kirch b'caster

COLOGNE — Film rights dealer Splendid Medien has ended the first half of 2002 with a net loss of $9.4 million, despite increasing sales 48% to $19.4 million

It expects sales to reach $44 million for the whole year. Company made a small profit of $400,000 in the first half of 2001.

Company’s figures include the sale of international rights of its production “NARC,” featuring Ray Liotta, box office revenues of “Kate & Leopold,” as well as revenues from “Dragonball Z” as part of its home entertainment activities, which account for a quarter of its business.

In July Splendid signed a $17.4 million film rights deal with fallen German giant Kirch’s terrestrial broadcaster ProSiebenSat.1, which will appear in the balance sheet of the second half, and in 2003. Postponed into 2003 will be earnings from its production of “Dolan’s Cadillac” and from licenses of “Gangs of New York.”

More Biz

  • vice_logo

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

    COLOGNE — Film rights dealer Splendid Medien has ended the first half of 2002 with a net loss of $9.4 million, despite increasing sales 48% to $19.4 million It expects sales to reach $44 million for the whole year. Company made a small profit of $400,000 in the first half of 2001. Company’s figures include […]

  • Jimmy Kimmel Healthcare

    Disney's Advertising Empire Could Get More High-Tech After Fox Purchase

    COLOGNE — Film rights dealer Splendid Medien has ended the first half of 2002 with a net loss of $9.4 million, despite increasing sales 48% to $19.4 million It expects sales to reach $44 million for the whole year. Company made a small profit of $400,000 in the first half of 2001. Company’s figures include […]

  • China's Wanda Hits Back at Allegations

    China's Wanda Hits Back at Allegations of Financial Difficulty

    COLOGNE — Film rights dealer Splendid Medien has ended the first half of 2002 with a net loss of $9.4 million, despite increasing sales 48% to $19.4 million It expects sales to reach $44 million for the whole year. Company made a small profit of $400,000 in the first half of 2001. Company’s figures include […]

  • Disney-Fox Deal Casts Future of Fox

    Disney-Fox Deal Casts Future of Fox Studio Lot Into Doubt

    COLOGNE — Film rights dealer Splendid Medien has ended the first half of 2002 with a net loss of $9.4 million, despite increasing sales 48% to $19.4 million It expects sales to reach $44 million for the whole year. Company made a small profit of $400,000 in the first half of 2001. Company’s figures include […]

More From Our Brands

Access exclusive content