Image Anticipates Record Third Quarter12 Jan, 2005 By: Erik Gruenwedel
Buoyed by strong holiday sales of Pee Wee's Playhouse Vol. 1 & 2 and Christmas Special, The Twilight Zone: The Definitive Season One in high definition, and The Source Magazine Presents Hip Hop Hits Vol. 9 music CD, Image Entertainment expects record net revenue (after sales returns) of $33 million for the third quarter ended Dec. 31.
Chatsworth, Calif.-based Image, which will post final third-quarter results by Feb. 14, had $22.8 million net revenue during the same period last year.
As a result, the company said it would revise its fiscal 2005 net revenue guidance upwards between $114 million to $117 million from $107 million to $112 million.