English Entertainment
‘CSI’ drives Alliance Atlantis’ 3Q results
MUMBAI: Canadian television firm Alliance Atlantis Communications has reported revenue and earnings growth for the third quarter ended 30 September, 2006.
The company benefitted from strong sales for the CSI franchise. In India CSI airs on AXN.
Alliance Atlantis CEO Phyllis Yaffe says, “We are exceptionally pleased with the performance of the CSI franchise and the previously announced licensing of certain international second window rights which demonstrate the strong interest of CSI around the world .
“In our broadcasting business, we were pleased with continued strong subscriber revenue gains as well as strong audience growth. While ad revenue was down slightly year over year, we are pacing well in the fourth quarter and in 2007 we believe advertising revenue will increase in line with the Canadian specialty television market expectations. Over the past 12 months, our advertising revenue is up seven per cent.”
Broadcasting revenue of $66.7 million represented an increase of four per cent over the prior year’s quarter. Subscriber revenue grew by 10 per cent to $33 million in the quarter compared to $30.1 million in the prior year reflecting steady growth in paid subscribers. Advertising revenue decreased slightly to $32.1 million for the quarter compared to $33.0 million in the prior year due to slightly lower demand for ad inventory.
In the entertainment segment, CSI revenue of $140.2 million was up $89.9 million from $50.3 million in the prior year’s quarter. The increase was primarily due to second window license fees recognized in the current quarter offset by a stronger Canadian dollar. The company recognises second window license fees from licensing arrangements with existing broadcasters of the CSI franchise when the company has fulfilled its obligations, which typically occurs ahead of the actual second window availability and payment of the license fees.
During the current quarter, the company entered into several second window licensing arrangements with existing CSI broadcasters and recognised $91.3 million in revenue from these arrangements.
English Entertainment
Ellison takes his Paramount-Warner Bros case straight to theater owners
The Skydance chief goes to CinemaCon with promises and a skeptical crowd waiting
CALIFORNIA: David Ellison strode into a room packed with thousands of cinema owners and executives at CinemaCon in Las Vegas on Thursday and did something rather bold: he looked them in the eye and asked them to trust him.
The chief executive of Paramount Skydance vowed that his company would release a minimum of 30 films a year if regulators greenlight its proposed $110 billion acquisition of Warner Bros Discovery, a deal that has made theater owners deeply, and loudly, nervous.
“I wanted to look every single one of you in the eye and give you my word,” Ellison told the crowd. “Once we combine with Warner Bros, we are going to make a minimum of 30 films annually across both studios.”
It was a confident pitch. Whether it landed is another matter. Cinema operators have already called on regulators to block the deal, and scepticism in the room was hardly concealed.
Ellison pushed back by pointing to recent form. Paramount, born from the merger of Paramount Global and Skydance Media last August, plans to release 15 films this year, nearly double the eight it put out in 2025. Progress, he argued, was already underway.
He also threw theater owners a bone they have long been chasing: all films, he pledged, would run exclusively in cinemas for a minimum of 45 days, drawing applause from a crowd that has spent years fighting for exactly that commitment across the industry.
“People can speculate all they want,” Ellison said, “but I am standing here today telling you personally that you can count on our complete commitment. And we’ll show you we mean it.”
Fine words. The regulators, however, will have the last one.
