hollywoodreporter.com - 30 days ago
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Marvel Entertainment's third-quarter profit and revenue were significantly lower than in the same frame a year ago but good enough for Wall Street, considering that the company had no major film releases on which to lean. Marvel reported a 60% drop in profit to $20.4 million as revenue declined ...
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Marvel’s Q3 Profit is Down
Blog@Newsarama —
... Via the Hollywood Reporter, Marvel’s profits for this quarter have gone down a significant amount, mainly due to the fact that there was not a movie released this year. Last year, they had two: “Iron Man” and “The Incredible Hulk” and that helped generate plenty of additional revenue. ...
Time Warner and Marvel revenues tumble
Major Spoilers —
... due to the fact the company didn’t release a theatrical movie. On a positive note, the Disney deal is still expected to go through by the end of the year, and the negative news had no impact on the price of stock, which ended the day at $50.20. Time Warner didn’t experience as large a drop in profits, slipping 38% from last quarter. Time Warner is quick to point to AOL for the reasoning behind this, as the cable and film divisions were both profitable. via Variety and THR Related posts
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