What Earnings Reports Reveal About Entertainment


Salon Staff
February 7, 2012 4:18AM (UTC)

Here is a summary of recent earnings reports for selected entertainment companies:

Jan. 25: Netflix Inc. discloses that it has regained almost as many customers as it lost following an unpopular price increase, signaling that the video subscription service is healing from its self-inflicted wounds. Netflix ended December with 24.4 million subscribers in the U.S. That was 600,000 more than at the end of September. It had lost 800,000 subscribers last summer after it raised its U.S. prices as much as 60 percent.

Advertisement:

Feb. 2: Viacom Inc. says revenue at its Paramount Pictures movie studio rose slightly on strong box-office results from "Paranormal Activity 3" and "Mission Impossible — Ghost Protocol." At the TV networks, Viacom's larger and more profitable division, results were buoyed by an increase in fees from cable companies and online streaming services like Netflix.

Sony Corp. says theatrical revenue at its movie studio rose because more movies were released in the last three months of 2011 compared with the previous year. The company says home entertainment revenue decreased because of fewer releases, though ""The Smurfs" sold well.

Monday: Coinstar Inc., owner of Redbox, says its quarterly earnings nearly tripled as its Redbox kiosks for renting DVDs picked up customers who stopped getting their discs through Netflix's rival service. The performance was far better than analysts projected.

Coming up:

Tuesday: Walt Disney Co.

Wednesday: Time Warner Inc., News Corp.

Thursday: Sirius XM Radio Inc.

Feb. 15: Comcast Corp., CBS Corp.

Feb. 21: CC Media Holdings Inc. and its subsidiaries, Clear Channel Communications Inc. and Clear Channel Outdoor Holdings Inc.

Advertisement:

Feb. 23: TiVo Inc.

Feb. 28: DreamWorks Animation SKG Inc.

Unknown: Lions Gate Entertainment Corp.


Salon Staff

MORE FROM Salon Staff

BROWSE SALON.COM
COMPLETELY AD FREE,
FOR THE NEXT HOUR

Read Now, Pay Later - no upfront
registration for 1-Hour Access

Click Here
7-Day Access and Monthly
Subscriptions also available
No tracking or personal data collection
beyond name and email address

•••


Fearless journalism
in your inbox every day

Sign up for our free newsletter

• • •