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Internationalmedia revenues slide

First 9 months showed a operating result loss of $25 mil

COLOGNE — German film group Internationalmedia’s revenues in the first nine months of the year totaled E78 million ($101 million), a sizable drop from the $317 million it achieved in the corresponding 2003 period.

IM, parent of producer-distrib Intermedia, noted that the year so far was lacking a hit like “Terminator 3: Rise of the Machines.”

While overhead costs were reduced by 30% to $12 million, the first nine months showed a negative operating result of $25 million, following a loss of $6.5 million had in the corresponding 2004 period.

Spending on film development, which does have an impact on liquidity, amounted to $8 million in the first three quarters.

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