AMSTERDAM — The end of the “Lord of the Rings” and “Harry Potter” bonanza impacted revenues and earnings of Scandinavia’s largest media entertainment group Bonnier in 2004.
Revs were up a meager 5% to SEK 19.6 billion ($2.8 billion), but profits slid from $67 million in 2003 to $63 million a year later.
Bonnier’s bottom line was heavily affected in several areas by the earlier successes of Harry Potter titles on the print side and “Lord of the Rings” on the electronic side.
Revs for Bonnier Entertainment, which houses the electronic entertainment arm of Bonnier, including Svensk Filmindustri (SF), and TV stations, slid 2% year on year to $502 million in 2004. Operating profit, however, skidded from $59 million in 2003 to $35 million.