You will be redirected back to your article in seconds

‘CSI’ boosts Alliance Atlantis revs

Strong sales of skein drove Q3 earnings growth

MONTREAL — Canuck entertainment company Alliance Atlantis Communications Friday announced strong revenue and earnings growth for the third quarter ended Sept. 30, partly thanks to boffo second-window sales for its “CSI” franchise.

Net earnings were C$17.7 million ($15.7 million), up from $10.8 million in the same quarter last year on revenues up $67 million to $286 million.

One of the major drivers was strong sales of the three “CSI” series. The hit skeins posted revenue of $124 million in the third quarter, up from $44 million, mainly due to second-window license fees. Alliance Atlantis generated $81 million in revenue from second-window “CSI” sales in the quarter.

Broadcasting revenues from Alliance Atlantis’ 13 Canuck specialty channels was up 4% to $59 million in the quarter, year on year.

Subscriber revenue from the channels grew 10% to $29 million. Advertising revenue decreased by $1 million to $28 million.

Revenue from Motion Picture Distribution, which operates film distribution companies in Canada, the U.K. and Spain, was down 8% to $95 million in the quarter — the latest bad news for the struggling distribution division. Execs said this was due to a more modest slate of theatrical releases.

Distrib’s cash flow was almost halved to $8.3 million, compared to $15 million in the third quarter last year, due to lower theatrical revenues.

Execs predict that advertising revenues will follow the normal annual sales cycle and increase in the fourth quarter; the “CSI” franchise is also expected to continue to generate strong revenue.

More Scene

  • The 'Runaways' Praise Series' Diversity at

    'Marvel's Runaways' Stars Praise Series' Diversity at Hulu Premiere

    MONTREAL — Canuck entertainment company Alliance Atlantis Communications Friday announced strong revenue and earnings growth for the third quarter ended Sept. 30, partly thanks to boffo second-window sales for its “CSI” franchise. Net earnings were C$17.7 million ($15.7 million), up from $10.8 million in the same quarter last year on revenues up $67 million to […]

  • 'Molly's Game' film premiere, Arrivals, AFI

    Jessica Chastain Praises Bravery of Sexual Assault Victims at 'Molly's Game' Premiere, AFI Fest Tribute to Aaron Sorkin

    MONTREAL — Canuck entertainment company Alliance Atlantis Communications Friday announced strong revenue and earnings growth for the third quarter ended Sept. 30, partly thanks to boffo second-window sales for its “CSI” franchise. Net earnings were C$17.7 million ($15.7 million), up from $10.8 million in the same quarter last year on revenues up $67 million to […]

  • 'The Shape of Water' film premiere

    Guillermo del Toro Calls 'The Shape of Water' a New Type of 'Beauty and the Beast'

    MONTREAL — Canuck entertainment company Alliance Atlantis Communications Friday announced strong revenue and earnings growth for the third quarter ended Sept. 30, partly thanks to boffo second-window sales for its “CSI” franchise. Net earnings were C$17.7 million ($15.7 million), up from $10.8 million in the same quarter last year on revenues up $67 million to […]

  • Girls Inc. hosts the 2017 LA

    Warner Bros. TV Exec Calls for End to Sexual Harassment: 'Enough Is Enough'

    MONTREAL — Canuck entertainment company Alliance Atlantis Communications Friday announced strong revenue and earnings growth for the third quarter ended Sept. 30, partly thanks to boffo second-window sales for its “CSI” franchise. Net earnings were C$17.7 million ($15.7 million), up from $10.8 million in the same quarter last year on revenues up $67 million to […]

  • Jason Momoa, Henry Cavill, Ezra Miller,

    Jason Momoa, Ben Affleck, Gal Gadot Assemble for 'Justice League' Hollywood Premiere

    MONTREAL — Canuck entertainment company Alliance Atlantis Communications Friday announced strong revenue and earnings growth for the third quarter ended Sept. 30, partly thanks to boffo second-window sales for its “CSI” franchise. Net earnings were C$17.7 million ($15.7 million), up from $10.8 million in the same quarter last year on revenues up $67 million to […]

More From Our Brands

Access exclusive content