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.

Follow @Variety on Twitter for breaking news, reviews and more
Post A Comment 0