Genius Cites 'Tremendous' Growth in Prelim 2006 Report20 Apr, 2007 By: Erik Gruenwedel
Genius Products LLC, the Santa Monica, Calif.-based distributor 70% owned by The Weinstein Co. (TWC), April 20 reported it generated $380 million in fiscal year 2006 pro forma revenue, ended Dec. 31.
Pro forma results typically offer unofficial guidance to financial results, including cash flows and income statements, prior to their official release.
Genius cited 15 significant content distribution deals and the closing of TWC partnership last year for delays in reporting final FY 2006 results during the week of April 23, according to a regulatory filing.
Company officials said Genius has signed five distribution deals this year, including Animal Planet and TLC, Blockbuster Inc., Seasame Workshop and ImaginAsian Entertainment, projects gross revenue from $700 to $800 million in fiscal 2007.