You will be redirected back to your article in seconds

Laser-Pacific boosts revs

Results buoyed by service expansion

Post-production house Laser-Pacific Media Corp. reported a 13% boost in second-quarter revenues of $5.6 million Friday, helping narrow its net loss to $614,000 compared with $885,000 for the same period a year ago.

The Hollywood-based provider of digital compression and authoring services, film processing and television post work said the positive results, for the period ended June 30, were driven by expanded services including digitizing and editing for high-definition TV, movie mastering and DVD work.

Chairman and CEO James R. Parks said the quarter reflects the company’s “strongest second-quarter domestic performance on a per-share basis in a decade,” and busiest fall quarter in terms of television production work.

The June quarter is traditionally a slow one for post houses, since the television biz is on hiatus.

When the season picks up, Laser-Pacific will work on “Party of Five,” “Sports Night,” “Touched by an Angel” and “Seventh Heaven,” as well as new shows “Judging Amy,” “Stark Raving Mad,” “Love and Money,” “Time of Your Life” and “Get Real.”

More Biz

  • Katie Vinten

    Katie Vinten Strikes New Deal With Warner Music, Including Label With Justin Tranter (EXCLUSIVE)

    Post-production house Laser-Pacific Media Corp. reported a 13% boost in second-quarter revenues of $5.6 million Friday, helping narrow its net loss to $614,000 compared with $885,000 for the same period a year ago. The Hollywood-based provider of digital compression and authoring services, film processing and television post work said the positive results, for the period […]

  • Women in Hip-Hop Industry Get the

    Women in Hip-Hop Industry to Get the Spotlight at A3C Conference

    Post-production house Laser-Pacific Media Corp. reported a 13% boost in second-quarter revenues of $5.6 million Friday, helping narrow its net loss to $614,000 compared with $885,000 for the same period a year ago. The Hollywood-based provider of digital compression and authoring services, film processing and television post work said the positive results, for the period […]

  • Streaming Placeholder

    RIAA Issues Bullish Mid-Year Report: Revenue Up 10%, Streaming Now 75% of Total

    Post-production house Laser-Pacific Media Corp. reported a 13% boost in second-quarter revenues of $5.6 million Friday, helping narrow its net loss to $614,000 compared with $885,000 for the same period a year ago. The Hollywood-based provider of digital compression and authoring services, film processing and television post work said the positive results, for the period […]

  • Arista Records Announces Three Key Hires

    Arista Records Announces Three Key Hires

    Post-production house Laser-Pacific Media Corp. reported a 13% boost in second-quarter revenues of $5.6 million Friday, helping narrow its net loss to $614,000 compared with $885,000 for the same period a year ago. The Hollywood-based provider of digital compression and authoring services, film processing and television post work said the positive results, for the period […]

  • U.K. Talent Agency Artists Partnership Enters

    U.K. Talent Agency Begins Developing Film and TV Projects, Launches New Slate (EXCLUSIVE)

    Post-production house Laser-Pacific Media Corp. reported a 13% boost in second-quarter revenues of $5.6 million Friday, helping narrow its net loss to $614,000 compared with $885,000 for the same period a year ago. The Hollywood-based provider of digital compression and authoring services, film processing and television post work said the positive results, for the period […]

  • Sundance Film Festival Placeholder

    Ticketmaster Issues Statement on Scalper-Collusion Accusations

    Post-production house Laser-Pacific Media Corp. reported a 13% boost in second-quarter revenues of $5.6 million Friday, helping narrow its net loss to $614,000 compared with $885,000 for the same period a year ago. The Hollywood-based provider of digital compression and authoring services, film processing and television post work said the positive results, for the period […]

  • ESPN App

    Disney Says ESPN+ Streaming Service Notches More Than 1 Million Subscribers

    Post-production house Laser-Pacific Media Corp. reported a 13% boost in second-quarter revenues of $5.6 million Friday, helping narrow its net loss to $614,000 compared with $885,000 for the same period a year ago. The Hollywood-based provider of digital compression and authoring services, film processing and television post work said the positive results, for the period […]

More From Our Brands

Access exclusive content