On the heels of a strong May sweep ratings performance, Debmar-Mercury’s syndicated The Wendy Williams Show has been renewed on the Fox TV Stations through the 2016-17 television season. The three-year pickup, which follows the previous two-year deal, will bring Wendy‘s run to eighth seasons. “Fox’s long-term renewal is a testament to the incredible growth the show has experienced this season and the amazing talent of Wendy,” Debmar-Mercury Co-Presidents Ira Bernstein and Mort Marcus said.
The film and TV company had a net loss of $24.6M, an improvement from its $29.7M loss in the quarter last year, on revenues of $358.1M, down 21.5%. That revenue figure was far below the $421.5M that analysts expected. And the net loss, at 18 cents a share, was below the 13 cent loss the Street had forecast. The bottom line could have looked even worse: Lionsgate included the $11.0M it collected from its sale of Maple Pictures. The company also was able to add $6.1M from its 31.2% stake in EPIX vs a $19.8M loss from last year’s quarter. Lionsgate says that it suffered from “underperformance of theatrical films in the quarter” — where releases included the Conan The Barbarian remake, Warrior, and Abduction – as well as “timing of DVD releases which offset gains in the Company’s television and digital businesses.” The movie operation generated $218.9M in revenues, down 36%.