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Financial Briefs

Netcaster and software developer Brilliant Digital Entertainment Inc. on Friday posted higher second-quarter revenues of $127,000, driven by retail sales of the company’s multipath movies, and a net loss of $2.2 million compared with a loss of $2.8 million for the period a year ago.

Results for the quarter ended June 30 reflect Brilliant’s ongoing investments in the production of its 3-D, digitally animated multipath movie episodes, enhancements of its proprietary software tools and Internet digital projector technology.

Results for its animated Webisodes, including “Superman” and “Gravity Angels,” are expected to be modest until the second half of the year 2000. Brilliant recently inked distribution agreements with Fox Kids, Road Runner and the Learning Co. for retail CD-ROM distribution.

Brilliant acquired the Auction Channel, a U.K.-based online and televised auction service, in July. The company said it plans to focus on developing advertising-based revenue-sharing arrangements with highly trafficked Web sites and broadband services, as well as expanding into television and DVD.

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Film Roman (“The Simpsons,” “King of the Hill”) reported higher June quarter revenues of $15 million compared with $8 million for the same period last year, which helped the Hollywood-based animation house narrow its second quarter losses to $266,000 against $718,000 a year ago.

Film Roman attributes the revenue increase to the increased demand for primetime animated series from broadcast networks.

The company is readying new fall series “Mission Hill” for the WB Network.

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