Earnings boost for RealD

Overseas biz pumps up earnings

Despite a downturn in 3D’s effect on ticket sales, California-based 3D equipment maker RealD reported a boost in earnings during the fourth quarter.

Company posted a profit of $4.5 million, compared with a loss of $20.9 million during same three-month frame last year, that ended March 25.

Revenues climbed 6% to $58.5 million, compared with $55.4 million.

The boost came from overseas biz, where it is adding more screens and collected 64% of gross license revenues in the quarter.

RealD also said 10 films in circulation on its screens generated in excess of $1 million in admission based license revenue compared to two films in the prior year quarter.

As of Monday, RealD had surpassed 16,700 installed screens worldwide. That figure has grown by approximately 9,700 screens, or 183% year-over-year

Company claims an 80% share of the domestic 3D B.O. During a recent weekend, four of the top six grossing films were playing in RealD 3D.

International markets generated 56% of gross revenue in the fourth quarter.

RealD has 38 3D films on its release sked for fiscal 2012.

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 News from Variety