Cinar posts 92% earnings jump

Article Abstract:

Cinar Films Inc., a children's TV producer based in Montreal, Canada, has reported a 92% boost in earnings in the third quarter ended Aug. 31, 1998, to C$3.8 million from C$2 million in earnings in the 1997 third quarter. The increase in the company's profit was attributed to the successful incorporation of its new educational publishing unit into the company's core business of producing animated and live-action shows for children. In addition, the revenue of Cinar Films, whose animated TV shows include "Wimzie's House," "Arthur," and "The Busy World of Richard Scarry," increased 71% to C$30.5 million in the third quarter from C$17.8 million.

Comment:

Posts a 92% boost in earnings in 3rd qtr ended 8/31/98 to C$3.8 mil from C$2 mil in 1997 3rd qtr

Canada, Sales, profits & dividends, Television Production, CINAR Films Inc.

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Film makers' cultures in focus

Article Abstract:

Alliance Communications Corp. and Atlantis Communications Inc., both based in Toronto, Canada, intends to merge to form a company about the size of Metro-Goldwyn-Mayer. Michael MacMillan, the chairman and CEO of the proposed merged company, said that their main priority is the expansion of the company via acquisitions and more production. A few observers have expressed apprehension that MacMillan does not have what it takes to impress investors and Bay Street. Most observers, however, believe that MacMillan can successfully run the merged businesses.

Comment:

Intends to merge with Alliance Communications Corp to form a company about the size of Metro-Goldwyn-Mayer

Acquisitions & mergers, Motion Picture Production, Ontario, Movie production, Alliance Communications Corp., Atlantis Communications Inc.

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