"Titanic" loads News Corp. with profit; filing for offering provides scant data
Article Abstract:
Fox Entertainment Group Inc. has realized a profit of $176 million for the fiscal year ended 30 June, 1998. The company, which is comprised of Fox film and TV studio, the Fox Network, TV stations and various sports and entertainment cable listings, also saw its revenue increase from $5.85 billion to $7.02 billion. The company attributes its profits to such entertainment offerings as "Titanic," "The Full Monty," and "The X-Files." NewsCorp., parent company of the Fox Entertainment Group, plans to sell as much as 20% of the film and TV studio. Analysts believe such a transaction will raise as much as $3 billion.
Comment:
Fox Entertainment Group realizes a profit of $176 mil for the fiscal year ended 30 June, 1998
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Paramount rides low-risk route to profitability
Article Abstract:
Paramount Pictures has been successful in implementing a strategy of making low-cost films which appeal to profitable market sectors. Paramount is also cutting funding related to marketing of films, which has proven to be a very costly gamble. The studio can also claim to have released several critically acclaimed films, which counters charges that its low-budget strategy is hurting quality.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 2003
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Today, Paramount means just half
Article Abstract:
Paramount Pictures has adopted a strategy of taking on partners to finance production of its motion pictures. By limiting its financial risk, Paramount is able to limit its losses in cases when a motion picture fails to make money. Under Viacom Inc. Chairman Jonathan Dolgen, Paramount releases far fewer than the 25 or so movies most other studios release in a year.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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