Hollywood studios are back in force, higher incomes up to 59%

Paramount Pictures is dismissing staff to make savings, and MGM proposed a debt-fighting plan

Carie production houses have gone in the second half of 2010 financial results also announcing a year-end with a happy end.Thus, both the 20 Century Fox and Paramount Pictures have been increases this year, the largest being registered Filmed Entertainment division of News Corporation, which has scored an advance in fiscal year 2010 operating income of 59%. Revenue growth was driven by record revenues productions. 

Viacom Entertainment Film Division, which includes the famous Paramount Pictures movie studios, has scored in the first half (H1) of this year, a decline of 14% of revenue from the same period last year to 2 $ 13 billion. A decrease in revenue was seen in Q2 2010 compared to Q2 2009, reaching up to 1.24 billion dollars. The deceleration recorded in an attempt to restructure costs, management has informed the Paramount Pictures employees in early October, through internal memo that follows the layoff of 53 employees. Layoffs aimed at "saving" the $ 10 million annually. In addition, S1 2010, Viacom reported that the home entertainment division's overall revenue fell 39% to 545 million dollars, the main reason being a shortage of new films released on the market.Overall, Viacom Inc.. ended fiscal 2009 with revenues down by 7% to 13.62 billion dollars, announcing for the first half of 2010 turnover decreased 2% to 6.08 billion dollars. Viacom has a point but the chapter operating profit, which was an increase of 29% compared with the corresponding period last year, reaching 1.32 billion dollars.

Time Warner is the addition of 6%

U.S. company Time Warner, which owns the Warner Bros. film studio, announced the first six months of income up 7% over the same period last year, up to the level of 12.69 billion dollars. Filmed Entertainment Division, which includes Warner Bros., is also the addition of Chapter income by 5% in H1 2010 over H1 2009, reaching 5.21 billion dollars. In terms of performance in Q2 2010, Time Warner announced an 8% increase in turnover compared to Q2 2009, up from 6.37 billion dollars. An increase of 8% of revenue scores and Filmed Entertainment division, to $ 2.5 billion, mainly due to increasing success of movies "Clash of the Titans" and "Sex and the City 2". 

Not the same can be said adjusted operating income of the film division, which scored a 2% decline from the same period last year, up from 173 million dollars. After displaying the results, Time Warner officials have revised the growth forecast for the full year 2010, considering an advance "of at least 20%" profit per share adjusted to the level recorded in 2009. Time Warner has completed the 2009 fiscal year with a revenue decline of 3%, thus reaching the level of 25.8 billion dollars. 

Studio Entertainment revenues up 10%

Walt Disney, the largest media and entertainment conglomerate in the world, had in the first nine months of fiscal 2010 (ended July 3, 2010) an increase in turnover by 8% compared to the correspondence of last year, reaching 28.32 billion dollars. An additional 10% Studio Entertainment division recorded revenues of, thus reaching 5.11 billion dollars. 

For the Q3 (fiscal year ended July 3, 2010), Walt Disney reported revenue of $ 10 billion, up 1.4 billion from the same period last year. After very good returns productions "Toy Story 3", "Alice in Wonderland" and "Man of Steel 2, Studio Entertainment division had revenues jump 30% to 1.63 billion dollars. "Our performance underscores the value of keeping an effective strategy even during difficult times, to invest in the right people and our focus on quality and innovation to generate growth in shareholder value," said president and CEO, Robert A. Iger. This after Walt Disney had in fiscal year 2009 a turnover of 36.14 billion dollars, down 4% from 2008. 

News Corporation expects increase in business in 2011

Filmed Entertainment division of News Corporation, which includes 20 Century Fox studio, reported record operating income, up 59%, up to 1.34 billion dollars in fiscal 2010 (ended June 30). The increase was mainly due to proceeds from the "Avatar" and "Ice Age: Dawn of the Dinosaurs". Overall, the media conglomerate News Corporation, owned by Rupert Murdoch, has ended fiscal 2010 with revenues up 8% to 32.77 billion dollars. 

But in Q4 2010 (ended on 30 June 2010) of News Corporations operating revenues were down 1% to 932 million dollars, compared with the corresponding period last year.Filmed Entertainment division and scored in Q4 2010 operating income down 22.5% to 137 million dollars over the same period last year. "With the largest global film in history has helped us to achieve these results in fiscal 2010, but is only part of the many successes obtained by the News Corporation. "As we head into fiscal year 2011 are confident that our business and our people will generate superior results," said Rupert Murdoch, chairman and CEO of News Corporation conglomerate. The company ended fiscal 2009 with revenues down 8% from fiscal year 2008 to 30.4 billion dollars. 

Under the specter of bankruptcy

The famous Metro-Goldwyn-Mayer Studios Inc.., Who produced the James Bond among others, require creditors approve a plan to eliminate debt is worth 4 billion dollars, announced latimes.com. 

MGM Company officials said they had asked creditors for approval of a bankruptcy plan, in which they would prescribe to her debt and take 95% stake. Creditors have the October 22 deadline to vote the proposal released by MGM.