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Saturday, April 29, 2017
NBC Universal Acquires DreamWorks Animation for $3.8 Billion

As expected, Comcast unit NBC Universal is acquiring DreamWorks Animation for $3.8 billion, which is a 27% premium on DWA’s inflated stock price since scuttlebutt about a possible sale first emerged.

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Amazon Ups Q1 Media Revenue 8%

Amazon April 28 said first-quarter (ended March 31) North America media sales increased 8% to $3.2 billion, from $2.96 billion during the previous-year period. Media sales include books, music, movies (DVD/Blu-ray Disc), video games and consoles, software and digital downloads, including Amazon Instant Video.

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Sony Pictures Ups Q4 Operating Income $62.5 Million

Sony Pictures, which includes Sony Pictures Television and media networks, April 28 reported a 6.8 billion yen ($62.5 million) fourth-quarter (ended March 31) increase in operating income to 52.3 billion yen ($481 million) on revenue of 320.7 billion yen ($2.9 billion).

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Paramount Posts $136 Million Q2 Loss

Paramount Pictures April 28 reported a second-quarter (ended March 31) operating loss of $136 million, compared with operating income of $1 million during the previous-year period. Revenue remained flat at $655 million. Global theatrical revenue increased 6% to $217 million, due largely to ticket sales from 'Daddy’s Home' and 'The Big Short.'

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Redbox: A Slightly Smaller Cash Cow

With $84.2 million in first-quarter (ended March 31) operating income on revenue of $421.5 million and a 20% operating margin, Redbox is a friend to the corporate bottom line. It’s also a proverbial cash cow, which in economic terms means a mature — not growing — business.

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