April 30, 2013
DreamWorks Animation posted a nearly 40% drop in profit in the first quarter while revenue remained virtually flat. For the three months ended March 31, the Glendale studio posted net income of $5.6 million, or 7 cents a share, on revenue of $135 million. That compared with net income of $9.1 million, or 11 cents a share, and revenue of $136.1 million during the same period a year earlier, the company said in a statement. Still, despite the decline in profits the company's results exceeded what industry analysts had projected.
November 1, 2012
DreamWorks Animation reported a 24% jump in profits in the third quarter due to the box-office success of "Madagascar 3: Europe's Most Wanted. " The Glendale-based animation studio posted net income of $24.4 million, or $0.29 a share, on revenues of $186.3 million, in the quarter ended Sept. 30. That compared with a profit of $19.7 million, or $0.23 per share, on revenues of $160.8 million during the same period in 2011. DreamWorks Animation Chief Executive Jeffrey Katzenberg said the results stemmed from the "blockbuster international box office success" of " Madagascar 3: Europe 's Most Wanted," which he said was the fifth-highest-grossing film of the year on a global basis.
July 31, 2012
DreamWorks Animation, the Glendale studio behind the " Shrek " and " Madagascar " movies, reported lower-than-expected financial results for the second quarter. For the quarter ended June 30, the company reported net income of $12.8 milion, or 15 cents per share, down 62% from a year earlier. Revenue for the quarter also fell sharply, declining 25% to $162.8 million. Analysts had forecast net income of 25 cents per share. Continue reading > > -- Richard Verrier
May 8, 2012
I read with much sadness last week the article by City Editor Jason Wells on the upcoming departure of Camille Levee, the director of Glendale Healthy Kids, before the end of this month. I can't top the descriptive adjectives used in that article to describe the goals and achievements except to say that we're losing not only an outstanding director, but, more so, a beautiful “mom” that this director has proven to be during her tenure at Healthy Kids. I admire her gifts of observation and in paying special attention to detail, as with her latest fund-raising effort, the “Taste of Downtown Glendale.” Levee works well with people, especially with parents of kids of special needs.
May 2, 2012
Comcast Corp.'s earnings jumped nearly 30% in its first quarter as more customers signed up for high-speed Internet service. But the cable Goliath also showed strength in some an unexpected quarters: the long-lagging NBC broadcast unit and Universal Pictures, which released two hit movies, including "The Lorax. " For the quarter ended March 31, the Philadelphia-based company said its net income grew to $1.22 billion, or 45 cents per share, from $943 million, or 34 cents per share, from the year-earlier period.
May 2, 2012
DineEquity Inc., the Glendale-based owner of IHOP Restaurants and Applebee's Neighborhood Grill & Bar, is making a heavy push toward franchising. More than 95% of the company's thousands of restaurants are now owned by entrepreneurs, DineEquity said Tuesday when it announced its first quarter earnings . The franchise model helps keep the company's balance sheet from wild swings, leading to a 5.5% boost in profit to $31.3 million, or $1.64 a share, from $29.7 million, or $1.53 a share during the same quarter a year earlier.
March 30, 2012
Dear Frank, It pains me to write this. Last year I wrote to you, pleading with you to give us back our Los Angeles Dodgers and show yourself out of town. On behalf of all Angelenos who bleed Dodger blue, I implored you to do what you knew in your money-loving, American Express Black Card, bankrupt heart was best, and make a few hundred million dollars for yourself and your ex-wife by selling our team. And this week, you did it.* So here's the hard part. (deep breath)
February 8, 2012
Strong performances at Walt Disney Co. 's domestic theme parks and by Pixar , Marvel, ESPN and ABC ," Disney President and Chief Executive Bob Iger told analysts. Before Disney reported its results, media analysts said they would be watching advertising trends at ESPN, the powerhouse cable sports network that Morgan Stanley estimates contributes about 8% of the company's revenue. Continue reading > > -- Dawn C. Chmielewski, Los Angeles Times Photo: Visitors to Walt Disney Co.'s California Adventure theme park in Anaheim take in the "Ariel's Undersea Adventure" ride.
August 3, 2011
Media conglomerate Time Warner Inc. said Wednesday that its second-quarter profit grew 14 percent, thanks to higher revenue from its TV channel business, video games and movies such as "The Hangover Part II. " The owner of HBO, Warner Bros. and People magazine reported net income of $638 million, or 59 cents per share, in the April-June period, up from $562 million, or 49 cents per share, a year earlier. Adjusted earnings were 60 cents per share in the latest quarter, above the 55 cents per share that analysts polled by FactSet had expected.