Image entertainment posts profit of $861,293
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Image Entertainment Inc., a Chatsworth laser-disc distributor, reported that its profit surged in its fiscal third quarter ended Dec. 31, while revenue rose 42%, because of strong sales of
the laser-disc versions of the movies “Fantasia,” “Dances With Wolves” and “The Silence of the Lambs.” Image’s profit was $861,293 in the latest quarter, up from a $34,334 profit a year
earlier. Revenue rose to $19.5 million from $13.8 million a year earlier. In the nine months ended Dec. 31, Image earned $179,545, contrasted with a year-earlier loss of $478,382, and its
revenue rose 26% to $42.1 million from $33.5 million. Image also said it has started a new division to develop consumer-oriented software for a new electronic home-entertainment technology
called the CD-ROM format. Wendy Moss, former senior vice president and general manager of Hanna-Barbera Home Video, has been hired as general manager of the new division, Image said. MORE TO
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