Yesterday, the third quarter reports from both Marvel and Time Warner (the parent company of DC Comics) released their earning reports, and as expected, both companies reported lower than expected revenues. Marvel took a 60% drop in profit mainly due to the fact the company didn’t release a theatrical movie. On a positive note, the Disney deal is still expected to go through by the end of the year, and the negative news had no impact on the price of stock, which ended the day at $50.20.
Time Warner didn’t experience as large a drop in profits, slipping 38% from last quarter. Time Warner is quick to point to AOL for the reasoning behind this, as the cable and film divisions were both profitable.
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[i]Time Warner is quick to point to AOL for the reasoning behind this[/i]
Duh. I did not even realize that AOL was still around?
“as expected, both companies reported lower then expected revenues”
Really ? Do we have bi-polar analysts now ?
I’m trying to find the breakdown of profits and loss. I’m curious to see how the comics side did. Blackest Night and Dark Reign were pretty big sellers all things considered.