Ticket Sales, TV Drive Revenue for Gaumont
Film and TV were strong sectors for the French mini-major, which produces NBC's "Hannibal" and Netflix's "Hemlock Grove."
PARIS — French mini-major Gaumont stayed steady, and showed a slight increase of in revenues, up to $137.4 (€102.3) million from $134 (€99.8) million, compared to the same period last year, in first half results released Monday.
The company posted operating profit of $14.5 (€10.8) million, up 12.5 percent, in the first six months of the year.
Gaumont, which has increased production, launched a U.S. television division and acquired an animation studio in recent years, have focused on a diverse slate of English and French-language productions in film and television.
Sales activity in the film division saw a slight rise year-over-year, from $62 (€46.2) million to $64.7 (€48.2) million, thanks to the success of both Belle and Sebastian and the popular hit and multiple Cesar-winner Me, Myself and Mum in theaters and on home video in France.
Notably, sales in the theater division were up 15.4 percent on the strength of these releases, which sold more than 2 million entries each, though there has been on overall steady decline in France. Operating income of the group’s theater division was up to $14 (€10.4) million from $9.2 (€6.9) million last year.
The company is finally coming down from its Intouchables high. After boosting the bottom line for two years, international sales for the 2011 massive box office hit finally slowed in 2014, the company noted. The division was down 14.5 percent to $19 (€14.2) million from $22.4 (€16.7) million in the first half of last year. The Young and Prodigious T.S. Spivet proved to be, and showed solid sales internationally in the category.
Results were boosted by strong performance in the TV division in France and the U.S., whose operating income jumped to $12 (€9) million from $5.9 (€4.4) million in 2013.
The television division saw turnover rise slightly to $70 (€52.2) from $69.6 (€51.8) million. Gaumont International Television (GIT), the L.A.-based small screen subsidiary of the company delivered of the second seasons of Netflix’s Hemlock Grove and NBC’s Hannibal. NBC has already renewed the serial-killer series for a third season for 2015.
The French television division delivered the first season of WW2 drama Resistance to network TF1.
The company highlighted its second half deliverables. Five films will be released before the end of the year, including Anne Fontaine’s Gemma Bovery, Melanie Laurent’s Breathe, The French starring Jean Dujardin and Samba, which reteams The Intouchables directing duo Eric Toledano and Olivier Nakache with star Omar Sy.
The TV division will deliver the first season of Paris-based hospital drama Interventions, starring Anthony Delon, to TF1 and the newly acquired L.A.-based Gaumont Animation will deliver 104 episodes of children’s series Calimero to the network.