‘Casper’ helps Harvey turn quarter profit

Universal pays fee for sequel ghost story

NEW YORK — Harvey Entertainment Co. earned $627,000 in the fourth quarter, compared with a loss of $386,000 a year earlier, it said Tuesday, boosted by the release of its direct-to-vid feature “Casper: A Spirited Beginning.”

But the increase was also helped by a one-time fee Harvey received from Universal Studios when U decided to do a theatrical sequel to “Casper,” a spokesman for Harvey said Tuesday. The size of the fee was not disclosed.

Harvey’s film revenues jumped to $2.1 million in the quarter from $476,000 a year earlier, while licensing revenues almost doubled to $1.5 million. Harvey took back control of its licensing activities last year from Universal, enabling the company to start signing up new licensees around the world.

Harvey finished the year with revenue of $15.4 million, up from $9.1 million in 1996, and a net profit of $3.1 million — compared with $1.2 million a year earlier.

More Biz

  • EXCLUSIVE: AR for US, UK and

    Pussy Riot Claims Responsibility for People Running Onto Field During World Cup

    NEW YORK — Harvey Entertainment Co. earned $627,000 in the fourth quarter, compared with a loss of $386,000 a year earlier, it said Tuesday, boosted by the release of its direct-to-vid feature “Casper: A Spirited Beginning.” But the increase was also helped by a one-time fee Harvey received from Universal Studios when U decided to […]

  • Former Billboard CEO Accused of Sexual

    Former Billboard CEO John Amato Accused of Sexual Harassment and Other Misconduct

    NEW YORK — Harvey Entertainment Co. earned $627,000 in the fourth quarter, compared with a loss of $386,000 a year earlier, it said Tuesday, boosted by the release of its direct-to-vid feature “Casper: A Spirited Beginning.” But the increase was also helped by a one-time fee Harvey received from Universal Studios when U decided to […]

  • Instagram

    Instagram Suffers Global Outage

    NEW YORK — Harvey Entertainment Co. earned $627,000 in the fourth quarter, compared with a loss of $386,000 a year earlier, it said Tuesday, boosted by the release of its direct-to-vid feature “Casper: A Spirited Beginning.” But the increase was also helped by a one-time fee Harvey received from Universal Studios when U decided to […]

  • Harvey Weinstein arrives to court in

    Harvey Weinstein Attorney Says He Was Misquoted in 'Roles for Sex' Interview

    NEW YORK — Harvey Entertainment Co. earned $627,000 in the fourth quarter, compared with a loss of $386,000 a year earlier, it said Tuesday, boosted by the release of its direct-to-vid feature “Casper: A Spirited Beginning.” But the increase was also helped by a one-time fee Harvey received from Universal Studios when U decided to […]

  • hearst logo

    Hearst Agrees to Pay $50 Million to Settle Data-Privacy Lawsuit

    NEW YORK — Harvey Entertainment Co. earned $627,000 in the fourth quarter, compared with a loss of $386,000 a year earlier, it said Tuesday, boosted by the release of its direct-to-vid feature “Casper: A Spirited Beginning.” But the increase was also helped by a one-time fee Harvey received from Universal Studios when U decided to […]

  • Randall Stephenson

    AT&T Stock Drops on Justice Department's Appeal of Time Warner Merger Ruling

    NEW YORK — Harvey Entertainment Co. earned $627,000 in the fourth quarter, compared with a loss of $386,000 a year earlier, it said Tuesday, boosted by the release of its direct-to-vid feature “Casper: A Spirited Beginning.” But the increase was also helped by a one-time fee Harvey received from Universal Studios when U decided to […]

  • Roy Moore

    Roy Moore Says Sacha Baron Cohen Duped Him Too, Threatens Legal Action

    NEW YORK — Harvey Entertainment Co. earned $627,000 in the fourth quarter, compared with a loss of $386,000 a year earlier, it said Tuesday, boosted by the release of its direct-to-vid feature “Casper: A Spirited Beginning.” But the increase was also helped by a one-time fee Harvey received from Universal Studios when U decided to […]

More From Our Brands

Access exclusive content