You will be redirected back to your article in seconds

Teuton shingle in the red despite ‘Alex’

2004 revenues total E185 million

COLOGNE — German film group Internationalmedia ended 2004 in the red, despite making a profit in the last quarter thanks to Oliver Stone’s “Alexander.”

Revenues in 2004 totaled E185 million ($248 million), down from the previous year’s $332 million partly due to the less favorable euro-dollar exchange rate.

However, $134 million of 2004’s revs was reported in the fourth quarter, according to preliminary figures.

Operating loss was on a par with 2003 at $25.5 million, with writeoffs for film development reaching $27.4 million. Company achieved an operating as well as a net profit in the fourth quarter, but did not give details.

Liquidity at year’s end was $43 million, up from $15.5 million, and that will be used mainly for new projects. Presently in development is action pic “Adrenalin,” to be helmed by Simon Crane.

Earlier this week, Internationalmedia announced that subsid Intermedia has signed with Columbia to finance and distribute upcoming Robin Williams starrer “RV.” Family comedy is produced by Red Wagon’s Douglas Wick and Lucy Fisher and directed by Barry Sonnenfeld.

Internationalmedia is also involved in “Basic Instinct 2.”

More Scene

  • HOLLYWOOD, CA - JUNE 23: Actor

    Diego Luna, Mishel Prada Speak Out Against Border Separations at Latino Media Awards

    COLOGNE — German film group Internationalmedia ended 2004 in the red, despite making a profit in the last quarter thanks to Oliver Stone’s “Alexander.” Revenues in 2004 totaled E185 million ($248 million), down from the previous year’s $332 million partly due to the less favorable euro-dollar exchange rate. However, $134 million of 2004’s revs was […]

  • LOS ANGELES, CA - JUNE 22:

    SZA Holds Nothing Back in Second Show Since Vocal Injury Scare

    COLOGNE — German film group Internationalmedia ended 2004 in the red, despite making a profit in the last quarter thanks to Oliver Stone’s “Alexander.” Revenues in 2004 totaled E185 million ($248 million), down from the previous year’s $332 million partly due to the less favorable euro-dollar exchange rate. However, $134 million of 2004’s revs was […]

  • 'SORRY TO BOTHER YOU'

    Why 'Sorry to Bother You' Director Boots Riley Thinks His Satirical Comedy Is 'Realistic'

    COLOGNE — German film group Internationalmedia ended 2004 in the red, despite making a profit in the last quarter thanks to Oliver Stone’s “Alexander.” Revenues in 2004 totaled E185 million ($248 million), down from the previous year’s $332 million partly due to the less favorable euro-dollar exchange rate. However, $134 million of 2004’s revs was […]

  • Tesse Restaurant Opens on L.A.'s Sunset

    Tesse Restaurant Takes on the Challenge of Making the Sunset Strip Hip Again

    COLOGNE — German film group Internationalmedia ended 2004 in the red, despite making a profit in the last quarter thanks to Oliver Stone’s “Alexander.” Revenues in 2004 totaled E185 million ($248 million), down from the previous year’s $332 million partly due to the less favorable euro-dollar exchange rate. However, $134 million of 2004’s revs was […]

  • Tiffany Haddish

    MTV Movie and TV Awards: The 10 Standout Moments

    COLOGNE — German film group Internationalmedia ended 2004 in the red, despite making a profit in the last quarter thanks to Oliver Stone’s “Alexander.” Revenues in 2004 totaled E185 million ($248 million), down from the previous year’s $332 million partly due to the less favorable euro-dollar exchange rate. However, $134 million of 2004’s revs was […]

  • Michael B. Jordan

    'Black Panther,' 'Stranger Things' Reign at 2018 MTV Movie and TV Awards (Full List)

    COLOGNE — German film group Internationalmedia ended 2004 in the red, despite making a profit in the last quarter thanks to Oliver Stone’s “Alexander.” Revenues in 2004 totaled E185 million ($248 million), down from the previous year’s $332 million partly due to the less favorable euro-dollar exchange rate. However, $134 million of 2004’s revs was […]

  • Brandon Flynn, Timothy Granaderos, Alisha Boe,

    Alisha Boe Says Brock Turner Case Was Her 'Bible' for '13 Reasons Why' Season 2

    COLOGNE — German film group Internationalmedia ended 2004 in the red, despite making a profit in the last quarter thanks to Oliver Stone’s “Alexander.” Revenues in 2004 totaled E185 million ($248 million), down from the previous year’s $332 million partly due to the less favorable euro-dollar exchange rate. However, $134 million of 2004’s revs was […]

More From Our Brands

Access exclusive content