Tele Munchen revs climbed 10%

Earnings Brief

Tele Munchen Group has signed off its 36th year with healthy earnings increases across the board. Revenue climbed 10% to $316.3 million for the year ended Dec. 31, while operating profit nearly doubled to $50.3 million from $26.3 million.

Revs in the core activity, license trading, climbed to $202.7 million as the company extended its cooperation with Warner Bros., acquiring the rights to more than 50 new titles.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety

Loading