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Constantin keeps revenue steady

Company bullish about Herbig

Revenue at Constantin Film, Germany’s largest production shingle, remained stable in the first half of the year, with the company benefiting more from TV production and ancillary exploitation than from theatrical releases.

Constantin achieved sales of E124 million ($167 million), on a par with the year-earlier period, in what it calls a “difficult market environment in Germany.” It noted that earnings from theatrical releases were lower than expected and that pressure on profit margins in TV had increased.

TV production was Constantin’s main revenue contributor, increasing slightly to $100 million. Homevideo contributed $30 million, fueled by the DVD release of box office hit “Perfume: The Story of a Murderer.”

Theatrical revenue added $12 million, down 21%, with pics such as local comedy “Neues vom Wixxer” and French biopic “La Vie en rose.”

The remaining revenue came from licensing.

Operating profit dipped slightly to $4.7 million. For the full year, Constantin expects to achieve sales of $335 million and operating profit of $12 million. It emphasized that figures “will be determined to a decisive extent at the box office in the coming months.”

Optimism on the part of Constantin execs is largely fed by the prospect of huge B.O. for the new pic from Michael “Bully” Herbig, the helmer-thesp behind Germany’s all-time highest grosser, “Manitou’s Shoe.” Herbig’s new entry, “Lissy und der wilde Kaiser,” is an animated parody of the 1950s “Sissy” pics.

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