You will be redirected back to your article in seconds

CIE sees lively gain in 2000

Sales rose $410 mil, net income expanded to $27.5 mil

MEXICO CITY — Diversifying across the continent, Corporacion Interamericana de Entretenimiento (CIE), Latin America’s leading live-entertainment company, has reported a 35% revenue rise for 2000.

During the year, Mexico City-based CIE saw sales rise to 3.99 billion Pesos ($410 million) while net income jumped 43% to $27.5 million. The good numbers come as the company, founded in 1990, continues its rapid expansion across the region.

Execs gave particular credit to Mexico City’s Las Americas racetrack, acquired in late 1999, the 51-pic portfolio of CIE’s film library — including 2001 Oscar nominee “Amores Perros” (Love’s a Bitch) produced by Altavista, the company’s fledgling Mexican studio — and the consolidation of its legit circuit in Latin America and Spain, including new productions “Les Miserables” and “Man of La Mancha”.

As a result, CIE’s entertainment division saw annual revenues jump 46% to $309 million.

More Biz

  • Harvey Weinstein, with his attorney Benjamin

    Harvey Weinstein's Attorney Blasts Asia Argento's 'Hypocrisy'

    MEXICO CITY — Diversifying across the continent, Corporacion Interamericana de Entretenimiento (CIE), Latin America’s leading live-entertainment company, has reported a 35% revenue rise for 2000. During the year, Mexico City-based CIE saw sales rise to 3.99 billion Pesos ($410 million) while net income jumped 43% to $27.5 million. The good numbers come as the company, […]

  • Asia Argento arrives for the screening

    Asia Argento Is Not Facing Sexual Abuse Investigation

    MEXICO CITY — Diversifying across the continent, Corporacion Interamericana de Entretenimiento (CIE), Latin America’s leading live-entertainment company, has reported a 35% revenue rise for 2000. During the year, Mexico City-based CIE saw sales rise to 3.99 billion Pesos ($410 million) while net income jumped 43% to $27.5 million. The good numbers come as the company, […]

  • Rose McGowan Asia Argento

    Rose McGowan on Asia Argento Accusation: 'My Heart Is Broken'

    MEXICO CITY — Diversifying across the continent, Corporacion Interamericana de Entretenimiento (CIE), Latin America’s leading live-entertainment company, has reported a 35% revenue rise for 2000. During the year, Mexico City-based CIE saw sales rise to 3.99 billion Pesos ($410 million) while net income jumped 43% to $27.5 million. The good numbers come as the company, […]

  • Actress Asia Argento speaks about being

    Asia Argento Settled With Sexual Assault Accuser Last Year (Report)

    MEXICO CITY — Diversifying across the continent, Corporacion Interamericana de Entretenimiento (CIE), Latin America’s leading live-entertainment company, has reported a 35% revenue rise for 2000. During the year, Mexico City-based CIE saw sales rise to 3.99 billion Pesos ($410 million) while net income jumped 43% to $27.5 million. The good numbers come as the company, […]

  • Aretha Franklin - American Soul Singer

    Aretha Franklin Funeral, Public Viewing Plans Announced

    MEXICO CITY — Diversifying across the continent, Corporacion Interamericana de Entretenimiento (CIE), Latin America’s leading live-entertainment company, has reported a 35% revenue rise for 2000. During the year, Mexico City-based CIE saw sales rise to 3.99 billion Pesos ($410 million) while net income jumped 43% to $27.5 million. The good numbers come as the company, […]

  • Stan Lee

    Judge Grants Restraining Order to Protect Stan Lee

    MEXICO CITY — Diversifying across the continent, Corporacion Interamericana de Entretenimiento (CIE), Latin America’s leading live-entertainment company, has reported a 35% revenue rise for 2000. During the year, Mexico City-based CIE saw sales rise to 3.99 billion Pesos ($410 million) while net income jumped 43% to $27.5 million. The good numbers come as the company, […]

More From Our Brands

Access exclusive content