You will be redirected back to your article in seconds

Laser Pacific posts 4th qtr. earnings drop

Co. reports net income down 25% from previous year

L.A. post group Laser-Pacific Media posted sharp declines in fourth-quarter and year-end earnings Tuesday despite substantial revenue gains, due to difficult comparisons with year-ago figures swelled by a one-time research and development pact with Sony.

The Hollywood-based post-production company reported net income of $2.7 million in the fourth quarter, down 25% from the same period of the previous year when Laser-Pacific enjoyed $2.1 million in one-time income from its contract to help Sony develop high-def technology.

Fourth-quarter revenue jumped 10% to $10.7 million.

Over 12 months, Laser-Pacific saw $3.5 million in net income, a decline of 27% from 1999.

Annual revenue climbed 6% to $33.1 million.

More Biz

  • Les Moonves Sexual Harassment Allegations

    Leslie Moonves Quoted 'The Godfather' to Prepare for Redstone Battle

    L.A. post group Laser-Pacific Media posted sharp declines in fourth-quarter and year-end earnings Tuesday despite substantial revenue gains, due to difficult comparisons with year-ago figures swelled by a one-time research and development pact with Sony. The Hollywood-based post-production company reported net income of $2.7 million in the fourth quarter, down 25% from the same period […]

  • Jon Stewart Helps Rescue Goats That

    Jon Stewart Helps Rescue Goats That Captured New York's Attention

    L.A. post group Laser-Pacific Media posted sharp declines in fourth-quarter and year-end earnings Tuesday despite substantial revenue gains, due to difficult comparisons with year-ago figures swelled by a one-time research and development pact with Sony. The Hollywood-based post-production company reported net income of $2.7 million in the fourth quarter, down 25% from the same period […]

  • Manuela Herzer

    Manuela Herzer Cites CBS-NAI Fight in Renewed Bid for Sumner Redstone Competency Ruling

    L.A. post group Laser-Pacific Media posted sharp declines in fourth-quarter and year-end earnings Tuesday despite substantial revenue gains, due to difficult comparisons with year-ago figures swelled by a one-time research and development pact with Sony. The Hollywood-based post-production company reported net income of $2.7 million in the fourth quarter, down 25% from the same period […]

  • A trading post sports the Spotify

    Sony Music's $750 Million Spotify 'Windfall' Leaves Some Lingering Questions

    L.A. post group Laser-Pacific Media posted sharp declines in fourth-quarter and year-end earnings Tuesday despite substantial revenue gains, due to difficult comparisons with year-ago figures swelled by a one-time research and development pact with Sony. The Hollywood-based post-production company reported net income of $2.7 million in the fourth quarter, down 25% from the same period […]

  • Harvey Weinstein, with his attorney Benjamin

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

    L.A. post group Laser-Pacific Media posted sharp declines in fourth-quarter and year-end earnings Tuesday despite substantial revenue gains, due to difficult comparisons with year-ago figures swelled by a one-time research and development pact with Sony. The Hollywood-based post-production company reported net income of $2.7 million in the fourth quarter, down 25% from the same period […]

  • Asia Argento arrives for the screening

    Asia Argento Is Not Facing Sexual Abuse Investigation

    L.A. post group Laser-Pacific Media posted sharp declines in fourth-quarter and year-end earnings Tuesday despite substantial revenue gains, due to difficult comparisons with year-ago figures swelled by a one-time research and development pact with Sony. The Hollywood-based post-production company reported net income of $2.7 million in the fourth quarter, down 25% from the same period […]

  • Rose McGowan Asia Argento

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

    L.A. post group Laser-Pacific Media posted sharp declines in fourth-quarter and year-end earnings Tuesday despite substantial revenue gains, due to difficult comparisons with year-ago figures swelled by a one-time research and development pact with Sony. The Hollywood-based post-production company reported net income of $2.7 million in the fourth quarter, down 25% from the same period […]

More From Our Brands

Access exclusive content