Sun casts shadow over Constantin

Falling ticket sales hits profits

BERLIN — Constantin Film said on Tuesday its operating profits were halved in the first quarter to Euros 1.8 million ($2.4 million) after a record year in 2006, even though Q1 revenue rose 15% to Euros 83 million ($112 million).

The German market leader, a subsidiary of Swiss media conglom Highlight Communications, blamed falling earnings on a 10% drop in cinema ticket sales in the first quarter after they had recovered strongly in 2006.

Constantin said the unusually warm winter weather and early arrival of spring this year — which enticed potential cinemagoers into the beer gardens and cafes instead — as well as a dearth of Hollywood blockbusters, had hit their bottom line.

Filed Under:

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 Film News from Variety

Loading