Cinram Q3 Revenue, Profits Down Due To DVD Decline

10 Nov, 2009 By: Chris Tribbey

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For the three months ended Sept. 30, Toronto-based replicator Cinram International on Nov. 10 reported a 15% decline in revenue year-over-year.

Lower demand and a lower average selling price of DVD resulted in the drop in profit, which was nearly $14 million for the quarter, the company said. Home video revenue fell 7% for the quarter, to $276.7 million from $298.4 million in the third quarter of 2008. Blu-ray Disc revenue increased to $4.7 million, from $2.3 million in Q3 2008.

The company’s third quarter revenue was $351.2 million, down from $411.7 million from the same period in 2008.

In September, Cinram signed a three-year extension of its replication agreement with Lionsgate.

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