Loonland sales drop more than 50%

Revs fall to $15 million

COLOGNE — Kidvidder TV Loonland has slid into the red in the first half of 2002, with sales down by more than 50% as broadcasters tighten their belts.

Revenues fell to $15 million as profits fell from $13 million in the first half of 2001 to a loss of $8 million.

TV Loonland said that its business particularly suffered on the Latin American market, but also stayed behind expectation in Asian.

Company’s portfolio includes “Cramp Twins”, “Little Ghosts” and “Clifford.”

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