1st-quarter Atlantis profits up

TORONTO — Atlantis Communications Inc., Canada’s leading TV production company, reported robust first-quarter profits Wednesday and said it plans to deliver 100 hours of programming this year, up from 88 in 1996.

Toronto-based Atlantis earned profits for the three months ended March 31 of C$1 million ($723,200), compared with C$500,000 ($361,600) a year earlier, despite higher operating costs and lower revenue.

The company attributed the profit gain to the improved quality of its production slate and lower interest costs. Higher operating costs were incurred to build the audience of Atlantis’ Life Network specialty channel.

Revenue slipped to C$31.9 million ($23.1 million) from C$37.3 million ($27 million) but most of the decline was caused by a change in the accounting treatment of government incentive programs. Ottawa replaced tax shelters with tax credits last year — the first accounted for as revenue, the other a reduction in the cost of programs.

Atlantis delivered 22 hours of television programming in the first quarter, up from 20 hours last year.

More TV

  • BROOKLYN NINE-NINE -- "White Whale" Episode

    Hitchcock and Scully Episode of ’Brooklyn Nine-Nine’ Announced at Comic-Con

    TORONTO — Atlantis Communications Inc., Canada’s leading TV production company, reported robust first-quarter profits Wednesday and said it plans to deliver 100 hours of programming this year, up from 88 in 1996. Toronto-based Atlantis earned profits for the three months ended March 31 of C$1 million ($723,200), compared with C$500,000 ($361,600) a year earlier, despite […]

  • Amy Powell

    Ousted Paramount TV Chief Amy Powell Denies Making Racially Insensitive Comments

    TORONTO — Atlantis Communications Inc., Canada’s leading TV production company, reported robust first-quarter profits Wednesday and said it plans to deliver 100 hours of programming this year, up from 88 in 1996. Toronto-based Atlantis earned profits for the three months ended March 31 of C$1 million ($723,200), compared with C$500,000 ($361,600) a year earlier, despite […]

  • 'Breaking Bad,' 'Better Call Saul' Creators

    'Breaking Bad,' 'Better Call Saul' Creators and Stars Talk Crossover Potential

    TORONTO — Atlantis Communications Inc., Canada’s leading TV production company, reported robust first-quarter profits Wednesday and said it plans to deliver 100 hours of programming this year, up from 88 in 1996. Toronto-based Atlantis earned profits for the three months ended March 31 of C$1 million ($723,200), compared with C$500,000 ($361,600) a year earlier, despite […]

  • Bristol Palin Teen Mom OG

    Bristol Palin to Join 'Teen Mom OG' Cast

    TORONTO — Atlantis Communications Inc., Canada’s leading TV production company, reported robust first-quarter profits Wednesday and said it plans to deliver 100 hours of programming this year, up from 88 in 1996. Toronto-based Atlantis earned profits for the three months ended March 31 of C$1 million ($723,200), compared with C$500,000 ($361,600) a year earlier, despite […]

  • Jeanine Pirro You the Jury

    Whoopi Goldberg, Jeanine Pirro Have Spat During 'View' Appearance

    TORONTO — Atlantis Communications Inc., Canada’s leading TV production company, reported robust first-quarter profits Wednesday and said it plans to deliver 100 hours of programming this year, up from 88 in 1996. Toronto-based Atlantis earned profits for the three months ended March 31 of C$1 million ($723,200), compared with C$500,000 ($361,600) a year earlier, despite […]

  • The Walking Dead Season 7 Finale

    ‘Walking Dead’ Creator Addresses Andrew Lincoln Series Exit

    TORONTO — Atlantis Communications Inc., Canada’s leading TV production company, reported robust first-quarter profits Wednesday and said it plans to deliver 100 hours of programming this year, up from 88 in 1996. Toronto-based Atlantis earned profits for the three months ended March 31 of C$1 million ($723,200), compared with C$500,000 ($361,600) a year earlier, despite […]

  • Syfy Debuts 'Nightflyers' Trailer at Comic-Con

    Watch Interstellar Madness Unfold in New Trailer for Syfy's 'Nightflyers'

    TORONTO — Atlantis Communications Inc., Canada’s leading TV production company, reported robust first-quarter profits Wednesday and said it plans to deliver 100 hours of programming this year, up from 88 in 1996. Toronto-based Atlantis earned profits for the three months ended March 31 of C$1 million ($723,200), compared with C$500,000 ($361,600) a year earlier, despite […]

More From Our Brands

Access exclusive content