EmptyConstantin sprays profit
COLOGNE, Germany — Constantin Film is enjoying the sweet smell of success thanks to homegrown blockbuster "Perfume: The Story of a Murderer" and a muscular TV business. Revenue at Constantin for the first three quarters of the year jumped 43% to €212.3 million ($274.8 million), and profit almost doubled to €6.3 million ($8.2 million), the company reported last week. Theatrical revenue at Constantin was up 68% to €30.2 million ($39.1 million). Licensing sales also were strong, surging to €35.3 million ($45.7 million) in the first three quarters, compared with €16.4 million a year ago.
Intandem lands U.S. financing
LONDON — Sales company and financier Intandem Films, listed on the Alternative Investment Market, has bolstered its financial position by securing $7.2 million from a U.S. hedge fund, arranged by U.S.-based Capitoline Global Finance Inc. The cash is to be pumped into Intandem's positioning on movies it aims to represent for worldwide sales. The company has boarded four titles, armed with the hedge fund cash, including "Incubus," released for download on the Internet by AOL in October. The movie is expected to be released on DVD and TV in North America by Sony Pictures Entertainment in 2007, Intandem said. Capitoline president Brian Gilmore said he was looking forward to "a strong ongoing relationship" with Intandem.