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Genius Stock Falls

13 May, 2008 By: Erik Gruenwedel

Shares of Genius Products Inc. fell nearly 12% May 13 the day after the Santa Monica, Calif.-based distributor reported a $15 million quarterly loss and halted guidance projections as it continues to grapple with internal restructuring.

Genius, which is majority owned by The Weinstein Co., said it is banking on the fourth quarter and next year's DVD product from Weinstein Co., in addition to third-party branded content and video games to return the company to profitability.

Shares closed down 5 cents to 37 cents per share.

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