News Corp. and Time Warner ran the most profitable filmed entertainment businesses out of all media congloms in 2009 as hit movies and cost cuts boosted their bottom lines.
Meanwhile, Viacom saw the biggest percentage improvement in the bottom line of its film division last year as the long-struggling Paramount boosted its margins, a THR analysis of financials reported by sector giants shows.
On the downside, Disney and Sony posted profit declines for their creative output operations last year amid fewer boxoffice hits. NBC Universal also struggled.
Showing how close an eye the studios' corporate bosses keep on their performance, last year's financial disappointments led to executive shakeups, strategic shifts and belt-tightening of varying degrees at these companies.
The film biz tends to be so volatile that more than one year of results is needed to draw broader conclusions about studio performance. But the data for 2009 provide the most recent financial...
Meanwhile, Viacom saw the biggest percentage improvement in the bottom line of its film division last year as the long-struggling Paramount boosted its margins, a THR analysis of financials reported by sector giants shows.
On the downside, Disney and Sony posted profit declines for their creative output operations last year amid fewer boxoffice hits. NBC Universal also struggled.
Showing how close an eye the studios' corporate bosses keep on their performance, last year's financial disappointments led to executive shakeups, strategic shifts and belt-tightening of varying degrees at these companies.
The film biz tends to be so volatile that more than one year of results is needed to draw broader conclusions about studio performance. But the data for 2009 provide the most recent financial...
- 2/26/2010
- by By Georg Szalai and Paul Bond
- The Hollywood Reporter - Movie News
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