What financial reports reveal about movie studios

By The Associated Press
AP /  November 6, 2012
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Companies with movie studios have begun releasing their earnings reports for the latest quarter. Here’s a look at reports for selected movie industry companies.

— Oct. 26: Comcast Corp., which owns Universal Pictures, says revenue from its filmed entertainment business grew 24 percent to $1.4 billion, driven by the strong box office performance of ‘‘Ted’’ and ‘‘The Bourne Legacy.’’

— Nov. 1: DreamWorks Animation SKG Inc. says net income grew 24 percent thanks to the box office success of ‘‘Madagascar 3: Europe’s Most Wanted.’’

Sony Corp. says its Sony Pictures Entertainment unit got a boost from the strong performance of ‘‘The Amazing Spider-Man,’’ offset by the less successful ‘‘Total Recall.’’

— Tuesday: 20th Century Fox owner News Corp. says its filmed entertainment business saw operating income grow 15 percent, thanks to the box-office performance of ‘‘Ice Age: Continental Drift.’’ In the year-ago period, News Corp. had ‘‘Rise of the Planet of the Apes’’ in theaters and ‘‘Rio’’ and ‘‘X-Men: First Class’’ on home video. The recent quarter also benefited from increased digital revenue related to the timing of content available on Netflix.

Coming up:

— Wednesday: Time Warner Inc. (Warner Bros.)

— Thursday: The Walt Disney Co.

— Nov. 15: Viacom Inc. (Paramount)end of story marker

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