The film processing business, critical to moviemaking but devoid of Hollywood glitz, faces slow growth and narrowing profits from a host of pressures. Chief among them are industry consolidation and…
Tele-Communications Inc., the nation's largest cable operator, reported net profits of $ 31 million (7 cents a share) for the second quarter, ended June 30. That compares to a $ 6 million net loss (2…
The lack of product severely trimmed Carolco Pictures' second quarter earnings, but the indie appears to be on a stronger financial footing.
Sony Pictures Entertainment announced an overhaul at the studio's financial operations, with several new appointments. The company said that the move was designed to enhance its long-range financial…
Comcast Corp. posted a net loss of $ 17.1 million (12 cents per share) for the second quarter ended June 30. That compares to a net loss of $ 40.3 million (30 cents) in the same period last year.
Home Shopping Network Inc.'s founder and chairman, Roy M. Speer, has resigned unexpectedly. The exec, who created the $ 2 billion tele-shopping market in 1985, stepped down Wednesday during a board…
With much speculation that a fifth TV network will spring from the merger of QVC Network and the Home Shopping Network, some savvy investors are cleaning up whether the new web appears or not.
Alliance Communications Corp., Canada's largest independent film and TV producer, went public Thursday. The Toronto-based company raised around $ C23.5 million ($ 18.2 million), which will be used to…
Blockbuster Entertainment Co. has come under fire over its commanding stake in Spelling Entertainment. The Fort Lauderdale, Fla.-based video-rental and music chain was hit by a suit from minority…
Image Entertainment Inc. has turned the corner financially after skidding into the red. The Chatsworth, Calif.-based laserdisc company recorded a $ 772,680 (5 cents a share) net profit for the first…
Director Jim Cameron promises that Hollywood will embrace more special effects in feature films, as high-powered computers and software becomes more widely available, easier to use and less costly.