Global Showbiz Briefs: News Limited, Australian Academy Awards, Danny Boyle, NBA In Russia & More

By | Monday December 17, 2012 @ 10:17pm PST

News Corp’s Australian Arm Plunges Further Into the Red
News Limited incurred an operating loss of $A457.3 million ($482.3 million) after writing down the value of its mastheads by $731. 7 million in fiscal 2012, according to accounts filed with the Australian Securities & Investments Commission. That compares with a $201.6 million loss in fiscal 2011 and $300 million in profits in 2010. The Australian company quantified job losses, mostly redundancies, for the first time, revealing the head count fell by 306 to 9,543 in the year to June 30. It reported revenue fell by nearly 10% to $2.65 billion and operating income plunged by 25.3% to $493.6 million as advertising revenues declined “driven by negative consumer sentiment”. Trying to put a positive spin on the numbers, the company pointed to the $1.94 billion acquisition of Consolidated Media Holdings, which owned 25% of paybox Foxtel and 50% of Fox Sports, and online titles Business Spectator and Eureka Report, and said its publishing businesses performed solidly. The company generated $676 million in cash during the fiscal year. – Don Groves. Read More »

Comments (2)

Global Showbiz Briefs: Shout Factory, Scott Free, Ten Network, Cineworld And More

By | Thursday December 6, 2012 @ 9:20pm PST

Shout! Acquires EuropaCorp. Titles
Shout! Factory has picked up U.S. rights to the EuropaCorp. films, The Extraordinary Adventures Of Adèle Blanc-Sec, directed by Luc Besson, and A Monster In Paris by Bibo Bergeron. Shout will roll the films out on a cross-platform release including home entertainment, VOD, SVOD and television. The César-winning Adèle Blanc-Sec is an adaptation of the Jacques Tardi comic book series and was released in France in 2010. Louise Bourgoin and Mathieu Amalric star. Shark Tale director Bergeron’s Monster is a CG-animated adventure based on his own original story about an inventor, his best friend and a monkey who inadvertently create a monster with a talent for music. Vanessa Paradis, Sean Lennon, Adam Goldberg, Danny Huston, Bob Balaban, Catherine O’Hara and Jay Harrington form the voice cast.

Scott Free London Lines Up ‘The Fishing Fleet’
Ridley Scott’s Scott Free London has acquired film rights to the Anne de Courcy novel The Fishing Fleet. The company will develop the project as a feature with Scott Free’s Liza Marshall producing. The book is a social history of husband hunting by young British women in India. The deal was negotiated by Blake Friedmann’s Conrad Williams and Carlo Dusi for Scott Free London.
Read More »

Comments (0)