You will be redirected back to your article in seconds

Operating income, revs soar for Spelling

Spelling Entertainment Group Inc., led by its twentysomething hit skeins “Beverly Hills, 90210” and “Melrose Place,” posted a first-quarter profit, after a year-ago loss, on a 58% gain in revenue.

Those series, along with two new Spelling offerings, “Burke’s Law” and “Winnetka Road,” helped push Spelling’s operating income up sevenfold to $ 6.9 million.

For the quarter, Spelling earned $ 6.9 million, or 11 cents a share, compared with a loss of $ 4.8 million (9 cents) in the like period a year earlier. The results for the 1993 period included a $ 203,000 charge for preferred dividends.

Additionally, Spelling’s year-ago results were hampered by a $ 5.5 million charge, largely an insurance premium to cover claims against the oil and gas business of its former parent, Charter Co.

Revenue was $ 80.4 million, up from $ 50.8 million.

Spelling prexy/CEO Steven R. Berrard said in a statement that the company was “extremely pleased” with the results, and pointed to three upcoming Spelling skeins, “Models Inc.,””Robin’s Hoods” and “Heaven Help Us,” as bright spots.

Spelling is in the process of acquiring Republic Pictures Corp., a deal the company expects to seal at Republic’s shareholders meeting next week. Spelling is 70.5% owned by Blockbuster Entertainment Corp.

Spelling stock closed unchanged at $ 9.13 Tuesday on the New York Stock Exchange.

More TV

  • Dolph Lundgren to Host Action-Movie-Inspired Contest

    Dolph Lundgren to Host Action-Movie-Inspired Competition Show ‘The Tower’ (EXCLUSIVE)

    Spelling Entertainment Group Inc., led by its twentysomething hit skeins “Beverly Hills, 90210” and “Melrose Place,” posted a first-quarter profit, after a year-ago loss, on a 58% gain in revenue. Those series, along with two new Spelling offerings, “Burke’s Law” and “Winnetka Road,” helped push Spelling’s operating income up sevenfold to $ 6.9 million. For […]

  • Full Frontal with samantha bee

    Advertisers Start to Return to Samantha Bee's 'Full Frontal'

    Spelling Entertainment Group Inc., led by its twentysomething hit skeins “Beverly Hills, 90210” and “Melrose Place,” posted a first-quarter profit, after a year-ago loss, on a 58% gain in revenue. Those series, along with two new Spelling offerings, “Burke’s Law” and “Winnetka Road,” helped push Spelling’s operating income up sevenfold to $ 6.9 million. For […]

  • Samantha Bee Skewers Border Policy, Nielsen

    Samantha Bee Skewers Trump's Border Policy, Kirstjen Nielsen on 'Full Frontal' (Exclusive Video)

    Spelling Entertainment Group Inc., led by its twentysomething hit skeins “Beverly Hills, 90210” and “Melrose Place,” posted a first-quarter profit, after a year-ago loss, on a 58% gain in revenue. Those series, along with two new Spelling offerings, “Burke’s Law” and “Winnetka Road,” helped push Spelling’s operating income up sevenfold to $ 6.9 million. For […]

  • Handmaid's Tale Equality Now

    TV News Roundup: 'The Handmaid's Tale' Team Launches Women's Rights Campaign with Equality Now

    Spelling Entertainment Group Inc., led by its twentysomething hit skeins “Beverly Hills, 90210” and “Melrose Place,” posted a first-quarter profit, after a year-ago loss, on a 58% gain in revenue. Those series, along with two new Spelling offerings, “Burke’s Law” and “Winnetka Road,” helped push Spelling’s operating income up sevenfold to $ 6.9 million. For […]

  • Jonathan Tucker

    'Westworld' Actor Jonathan Tucker, 'New Girl' EP Liz Meriwether Join Talent Denouncing Fox News

    Spelling Entertainment Group Inc., led by its twentysomething hit skeins “Beverly Hills, 90210” and “Melrose Place,” posted a first-quarter profit, after a year-ago loss, on a 58% gain in revenue. Those series, along with two new Spelling offerings, “Burke’s Law” and “Winnetka Road,” helped push Spelling’s operating income up sevenfold to $ 6.9 million. For […]

  • SONOS PATRICK SPENCE

    How Smart-Speaker Maker Sonos Plans to Take on Apple, Google and Amazon

    Spelling Entertainment Group Inc., led by its twentysomething hit skeins “Beverly Hills, 90210” and “Melrose Place,” posted a first-quarter profit, after a year-ago loss, on a 58% gain in revenue. Those series, along with two new Spelling offerings, “Burke’s Law” and “Winnetka Road,” helped push Spelling’s operating income up sevenfold to $ 6.9 million. For […]

  • ABC News Paul Manafort

    ABC News Apologizes for Incorrect Paul Manafort Graphic

    Spelling Entertainment Group Inc., led by its twentysomething hit skeins “Beverly Hills, 90210” and “Melrose Place,” posted a first-quarter profit, after a year-ago loss, on a 58% gain in revenue. Those series, along with two new Spelling offerings, “Burke’s Law” and “Winnetka Road,” helped push Spelling’s operating income up sevenfold to $ 6.9 million. For […]

More From Our Brands

Access exclusive content