Spelling’s on the rise

Fourth-quarter earnings at Spelling Entertainment Inc. more than doubled as the company continued to ride the success of its “Beverly Hills, 90210” and “Melrose Place” skeins.

And had the company not spent $ 2 million to reduce debt, before payments were due, those numbers would have looked even better.

‘Stand’ stands up

The two mainstay series, as well as midseason orders for “Winnetka Road” and “Burke’s Law,” continued to perform for the programmer. And Stephen King’s eight-hour miniseries “The Stand” scared up big numbers for Spelling, as did its homevid distribution of “Happily Ever After,” an animated feature.

For the quarter, Spelling earned $ 6.9 million (11 cents), compared with $ 3. 1 million (6 cents) in the like period a year ago. Revenue was $ 97.7 million, up from $ 64.4 million.

For the year, the company earned $ 17.7 million (31 cents), vs. $ 9.8 million (19 cents) in 1992. Revenue was $ 274.9 million, up from $ 257.5 million.

Spelling’s operating income, which doesn’t include the one-time debt-reduction, climbed threefold to $ 9.2 million in the quarter and to $ 23.7 million for the year.

Wrapping Republic deal

Spelling is in the midst of acquiring Republic Pictures, a deal it expects to close by March 31. It also received a new $ 175 million credit facility from Blockbuster Entertainment Corp., which owns 70.5% of Spelling.

Of that money, $ 100 million will go toward buying Republic and the other $ 75 million will fund Spelling’s ongoing capital needs. The credit line replaces a $ 90 million facility Spelling had with a group of banks.

More TV

  • ROSEANNE - "Netflix & Pill" -

    'Roseanne': What's Next for ABC's Spinoff

    Fourth-quarter earnings at Spelling Entertainment Inc. more than doubled as the company continued to ride the success of its “Beverly Hills, 90210” and “Melrose Place” skeins. And had the company not spent $ 2 million to reduce debt, before payments were due, those numbers would have looked even better. ‘Stand’ stands up The two mainstay […]

  • D'Arcy Carden The Good Place

    Emmys: Will Critical Darlings Like 'The Good Place' and 'Killing Eve' Find a Foothold?

    Fourth-quarter earnings at Spelling Entertainment Inc. more than doubled as the company continued to ride the success of its “Beverly Hills, 90210” and “Melrose Place” skeins. And had the company not spent $ 2 million to reduce debt, before payments were due, those numbers would have looked even better. ‘Stand’ stands up The two mainstay […]

  • ROSEANNE - "Netflix & Pill" -

    The 'Roseanne' Spinoff Can't Escape Roseanne (Column)

    Fourth-quarter earnings at Spelling Entertainment Inc. more than doubled as the company continued to ride the success of its “Beverly Hills, 90210” and “Melrose Place” skeins. And had the company not spent $ 2 million to reduce debt, before payments were due, those numbers would have looked even better. ‘Stand’ stands up The two mainstay […]

  • Lagardere Studios' Imagissime Unveils New Documentaries

    Lagardere Studios' Imagissime Unveils New Slate of Documentaries (EXCLUSIVE)

    Fourth-quarter earnings at Spelling Entertainment Inc. more than doubled as the company continued to ride the success of its “Beverly Hills, 90210” and “Melrose Place” skeins. And had the company not spent $ 2 million to reduce debt, before payments were due, those numbers would have looked even better. ‘Stand’ stands up The two mainstay […]

  • Laura Ingraham

    Laura Ingraham Is Under Madison Ave.'s Microscope Again

    Fourth-quarter earnings at Spelling Entertainment Inc. more than doubled as the company continued to ride the success of its “Beverly Hills, 90210” and “Melrose Place” skeins. And had the company not spent $ 2 million to reduce debt, before payments were due, those numbers would have looked even better. ‘Stand’ stands up The two mainstay […]

  • One Day At A Time, Vida

    How 'Vida' and 'One Day at a Time' Make the Political Personal (Column)

    Fourth-quarter earnings at Spelling Entertainment Inc. more than doubled as the company continued to ride the success of its “Beverly Hills, 90210” and “Melrose Place” skeins. And had the company not spent $ 2 million to reduce debt, before payments were due, those numbers would have looked even better. ‘Stand’ stands up The two mainstay […]

More From Our Brands

Access exclusive content