You will be redirected back to your article in seconds

MPAA Reports Loss of $4.4 Million for 2013

The MPAA reported a $4.4 million deficit in 2013, with a decline in revenue from membership dues, but a spokeswoman attributed the shortfall to accounting fluctuations.

Nevertheless, the deficit was larger than the $1.7 million the trade association reported in 2012.

An MPAA spokeswoman said that the loss was due to time and accounting adjustments based on Generally Accepted Accounting Principles, and that the figure fluctuates from year to year.

MPAA chairman Chris Dodd’s salary was unchanged from the prior year, at $3.3 million.

The disclosures were made in the organization’s Form 990 filing covering 2013. The trade association filed their report last week.

The biggest drop in revenue was from membership dues — or the amount that its six member studios pay to fund the organization. According to the filing, the MPAA collected $52.6 million in dues, from $59.7 million in 2012.

The fees that the MPAA collects for its film ratings service rose to $5.3 million, from $5.1 million in 2012.

The MPAA did cut expenses to $66 million, from $69.8 million in 2012. Spending on legal fees dropped to $4.3 million, from $10.3 million in 2012. Lobbying expenses rose to $5 million, from $4.8 million a year earlier.

The association made a big lobbying push in 2011 and early 2012 for the Stop Online Piracy Act, a major piece of antipiracy legislation that was sidelined after Internet firms led an online protest.

The association reported net assets of $16.5 million in 2013, up from $11.2 million a year earlier.

The MPAA also reported making contributions to an array of Democratic and Republican groups, including $155,000 to the Democratic Governors Assn. and $150,000 to the Republican Governors Assn. The association also made a $114,583 contribution to the Republican State Leadership Committee, $50,000 to the Democratic Attorney Generals Assn., $161,667 to Americans for Tax Reform, $60,000 to the Center for American Progress, $50,000 to the American Enterprise Institute for Public Policy, $10,000 to the Frontiers of Freedom Foundation, $25,000 to the Jerry Brown for Governor campaign and $9,600 to California Attorney general Kamala Harris’ reelection campaign. It also contributed $3,000 to Chicago Mayor Rahm Emanuel’s campaign fund, and $1,000 to New York Gov. Andrew Cuomo’s reelection campaign.

The MPAA made a $912,000 cash grant to Carnegie Mellon University, which receives funding for its  Initiative for Digital Entertainment Analytics.

The Recording Industry Assn. of America plans to file its Form 990 early next year. In 2012, the RIAA reported a deficit of $170,139 on revenue of $24.6 million. Its CEO, Cary Sherman, had a salary of $1.6 million.

In August, the National Assn. of Broadcasters filed its Form 990, reporting a surplus of $4.5 million on revenue of $57.9 million. Its CEO, Gordon Smith, had a salary of $1.9 million.

Update: Michael Powell, the CEO of the National Cable & Telecommunications Assn., was paid $3.4 million in 2013, according to the organization’s Form 990, making him the highest paid of all leaders of entertainment industry trade associations. The NCTA reported total revenue of $70.9 million, with a deficit of $220,372.

More Biz

  • NF_D_JGN-D14-5180.raf

    The Sexist Metal Scene in 'The Dirt' Is Painfully Accurate, Say Veteran Female Execs

    The fallout from Friday’s premiere of Netflix’s few-holds-barred Motley Crue biopic, “The Dirt,” began even before the film, which focuses on the quartet’s ‘80s-‘90s decade of decadence, was released. The group’s ill treatment of many women in their orbit is a matter of public record, and is depicted both seriously and unsettlingly light-heartedly in the [...]

  • univision-dish blackout

    Univision, Dish Network Reach Carriage Deal After Nine-Month Blackout

    Univision and satcaster Dish Network have reached a carriage agreement after a nine-month blackout that marked one of the longest standoffs between a major programmer and distributor. Univision channels went dark on Dish Network’s satellite and streaming platforms on June 30. The sides were at odds over carriage fees that have become increasingly contentious for [...]

  • BMG Posts Strong Earnings for 2018

    BMG Posts Strong Earnings for 2018

    BMG announced solid earnings for 2018 — its tenth year since the “new” BMG opened for business after its previous incarnation merged with Sony Music — as part of parent company Bertlesmann’s results Tuesday. According to the announcement, despite “negative exchange rate effects,” BMG’s revenues increased by 7.5 percent to €545 million (around $644 million), [...]

  • Rahm Emanuel

    Chicago Mayor Rahm Emanuel Calls Jussie Smollett Deal a 'Whitewash of Justice'

    Chicago Mayor Rahm Emanuel blasted the decision by Cook County prosecutors to drop charges Tuesday against “Empire” actor Jussie Smollett. Flanked by Chicago Police Superintendent Eddie Johnson and Kevin Graham, the president of the Chicago police union, the mayor said the decision sends a message that high-profile people will not be held accountable for their [...]

  • Viacom HQ LA

    Viacom Shares Spike on DirecTV Deal, Renewed CBS Merger Chatter

    Viacom shares soared 10% on Tuesday after the company reaffirmed financial guidance for its media networks wing on the heels of sealing a hard-fought carriage renewal agreement with AT&T’s DirecTV. The stock gain underscored the importance of maintaining its presence on DirecTV and other AT&T channel bundles. Viacom on Tuesday reaffirmed its guidance of affiliate [...]

  • Grammy Awards60th Annual Grammy Awards, Press

    Grammy Eligibility Year to Close One Month Early for 2020 Awards

    The eligibility year for the 2020 Grammy Awards will close on Aug. 31, one month earlier than usual, the Recording Academy announced today in a letter to members. The change is due to next year’s telecast taking place on Jan. 26, around two weeks earlier than usual (although the 2018 awards took place on Jan. [...]

  • Electronic Arts Logo

    EA Laying Off 350 People, About 4% of Staff

    Electronic Arts is laying off about 350 of its 9,000-person staff, CEO Andrew Wilson announced in a blog post on its website Tuesday. In the brief, open letter, Wilson noted that the move was made to “address our challenges and prepare for the opportunities ahead,” and to “better deliver on our commitments, refine our organization [...]

More From Our Brands

Access exclusive content