Swiss Media Group Highlight profits surge
Revenue up 37% to $92 mil in first nine monthsCOLOGNE, Germany -- Helped by the strong performance of its German subsidiary Constantin Film, Swiss media group Highlight Communications boosted net profits by 35% in the first nine months of 2008 to 24.7 million Swiss francs ($21 million).
Revenue from theatrical distribution and licensing jumped 37% to $92 million while home entertainment sales were up 3.6% at $69 million.
It was a different story at Highlight’s TV production and sports marketing business, which saw a 20% drop in revenues compared with the same period in 2007.
Last year the company produced the event mini-series “Africa, Mon Amour” for German television but has not had a similar big-budget production this year. Overall revenue slipped 3% to $301 million.