Fox Entertainment Group, Inc. provides multi-faceted entertainment services through four segments: filmed entertainment, television stations, television broadcast networks, and cable network programming. The Filmed Entertainment segment engages in feature film and television production and distribution. The Television Stations segment owns and operates power broadcast television stations. The Television Broadcast Network segment provides broadcasting of network programming. The Cable Network Programming segment holds interests in cable network programming businesses in the areas of news, sports, general entertainment, and movies. The company was incorporated in 1985 and is based in New York,...
1211 Avenue of the Americas
New York, NY 10036
Founded in 1985
Filmed Entertainment Reports Earnings Results Third Quarter and Nine Months Ended March 31, 2014
May 7 14
Fox Entertainment Group, Inc. reported earnings results third quarter and nine months ended March 31, 2014. The company reported quarterly segment OIBDA of $354 million, a 6% increase over the $334 million reported in the same period a year ago. This result reflects higher contributions from the television production businesses, led by higher SVOD revenues driven by the sale of series to Amazon, which included 24 and The Americans, and the syndication of Modern Family. This growth was partially offset by the timing of theatrical launch costs incurred in the quarter in advance of the successful worldwide theatrical release of Rio 2 in April, which has grossed nearly $400 million in worldwide box office to date. For the quarter, the company reported revenues of $2,279 million against $2,346 million a year ago.
For the nine months, the company reported revenues of $6,876 million against $6,607 million a year ago. OIBDA was $1,019 million against $1,191 million a year ago.