MTI Wraps Up Good Year2 Jan, 2003 By: Jessica Wolf
The year wrapped up nicely for MTI Home Entertainment with the company reporting it maintained margins for 2002 thanks in part to a higher revenue-share income of $10 million.
“Revenue-sharing was the main focal point of our year, bringing in new accounts, new people, and accounting for a whole new change in direction for our company,” said president Larry Brahms. DVD also grew and makes up more than 60 percent of MTI's total sales. MTI is committed to creative DVD features for every release, he said.
“It's one of the things that's going to give the DVD long legs, especially with indie titles.” MTI also launched a line of family titles, which in 2002 yielded some of MTI's biggest sellers, including One Special Night, Message in a Cell Phone, Horse Crazy and Mr. Rice's Secret.