Movies
News
About Us
Distributor Area
Home
N ews
M8 Entertainment Reports Quarterly Results

8/15/2005

M8 Entertainment Inc. (“M8” or the “Corporation”) (TSE: MEE.MV.A and MEE.SV.B), a leading Canadian film entertainment company engaged in the financing, development, production, and worldwide licensing of theatrical feature films, reported today financial results of operations for the three months ended June 30, 2005.

For the three months ended June 30, 2005, net earnings were $0.9 million as compared to net earnings of $1.0 million for the three months ended June 30, 2004.

Operating revenue increased to $17.9 million for the three months ended June 30, 2005 from $11.7 million for the three months ended June 30, 2004.

Production and distribution expenses increased from $8.7 million for the three months ended June 30, 2004 to $15.9 million for the three months ended June 30, 2005.

“The increase in revenue was attributable primarily to recognition of sales for the films Running Scared and Santa’s Slay,” stated Devin Cutler, Vice President of Finance and Controller of the Corporation. “Similarly, the increase in production and distribution expenses is primarily attributable to the amortization of film costs associated with these two films.”

“We are pleased that the Corporation has resumed its profitable ways,” continued Mr. Cutler, “and we look forward to continued sales on both films as well as the remainder of our film slate, including Lovewrecked (starring Amanda Bynes) and Man About Town (starring Ben Affleck and Rebecca Romijn).”

Total assets of the Corporation decreased from $85.9 million as of March 31, 2005 to $85.4 million as of June 30, 2005. Total liabilities decreased from $56.3 million as at March 31, 2005 to $54.6 million as at June 30, 2005.

“The Corporation continues to exploit the slate of films it has invested in over the past two years,” stated Sammy Lee, Chairman of the Corporation. We expect to continue to reap the benefits of our investment over subsequent quarters, while at the same time positioning the Corporation to maintain its momentum by producing a strong new slate of films over the next fiscal year.”

“Along with the excitement of seeing all of our efforts come to fruition with the exploitation of our film slate, we are equally as excited about our upcoming slate of films,” stated Jenna Sanz-Agero, President of the Corporation. “The Corporation is poised to continue its success into the next fiscal year.”

Odd Lot Entertainment and M8 Entertainment Announce 5-Picture International Distribution Deal [10/26/2005]
M8 ENTERTAINMENT ACQUIRES INTERNATIONAL DISTRIBUTION RIGHTS TO PRETTY PERSUASION [10/20/2005]
M8 Entertainment Changes its Year-End [10/7/2005]
M8 Entertainment Signs Music Publishing Deal with EMI [9/19/2005]
M8 Entertainment’s Santa’s Slay to be released by Lions Gate for Christmas 2005 [8/24/2005]
M8 Entertainment’s 11:14 to be released by New Line Cinema [8/8/2005]
TONY KAYE ATTACHED TO DIRECT “REAPER” FOR M8 ENTERTAINMENT & CIRCLE OF CONFUSION [7/25/2005]
M8 Entertainment Reports Quarterly Results [5/13/2005]
M8 Entertainment Inc. holds its Annual and Special Meeting of Shareholders [4/12/2005]
M8 ENTERTAINMENT’S “THE UPSIDE OF ANGER” BREAKS INTO TOP TEN AT NORTH AMERICAN BOX OFFICE [4/4/2005]
M8 Entertainment Reports Quarterly Results [3/4/2005]
M8 Entertainment Reports Profitable Annual Results for 2004 [2/25/2005]
NEW LINE CINEMA ACQUIRES NORTH AMERICAN DISTRIBUTION RIGHTS TO MEDIA 8 ENTERTAINMENT’S RUNNING SCARED - Paul Walker Stars In Director Wayne Kramer’s New Film [2/15/2005]
JENNA SANZ-AGERO NAMED PRESIDENT OF MEDIA 8 ENTERTAINMENT [2/7/2005]
M8 Entertainment Corporate Announcement [2/3/2005]
Sammy Lee named Chairman of the Board of M8 Entertainment, Inc. [1/17/2005]
Cyber On-Air Group Acquires Controlling Interest in M8 [12/20/2004]
MEDIA 8 ENTERTAINMENT’S “UPSIDE OF ANGER” TO PREMIERE AT 2005 SUNDANCE FILM FESTIVAL [12/1/2004]
M8 Entertainment Inc. announces new ticker symbols - MEE.MV.A, MEE.SV.B [11/23/2004]
Media 8 Entertainment’s “Man About Town” Begins Principal Photography [10/22/2004]
Hong Kong Company Acquires Controlling Interest in M8 [10/14/2004]
M8 ENTERTAINMENT TO PRODUCE “REAPER” [9/23/2004]
M8’S “RUNNING SCARED” COMPLETES PRINCIPAL PHOTOGRAPHY [9/1/2004]
M8’S “LOVEWRECKED” COMPLETES PRINCIPAL PHOTOGRAPHY [8/30/2004]
M8 Reports Sharp Increase in Quarterly Net Earnings - Quarterly Net Earnings rise by 94% [8/16/2004]
M8 Entertainment named one of Canada's top companies [7/8/2004]
Media 8'S "Running Scared" begins principal photography in Europe [7/5/2004]
Media 8's "Lovewrecked" begins principal photography in Caribbean [7/5/2004]
Media 8's "Monster" Tops Home Video Charts [6/16/2004]
M8 Reports Significant Improvement in Financial Results for Second Quarter - Net Earnings rise by 31% on 57% Increase in Operating Revenues [5/17/2004]
Media 8 Entertainment to Produce "Lovewrecked" [4/30/2004]
M8 Entertainment Inc. to trade under new ticker symbols - MEE.A, MEE.B [4/14/2004]
MDP Worldwide Entertainment Inc. Changes its Name to M8 Entertainment Inc. / Divertissements M8 Inc. [4/6/2004]
MEDIA 8 & BRETT RATNER TEAM ON “SANTA’S SLAY” [3/22/2004]
MEDIA 8 ENTERTAINMENT’S “MONSTER” WINS MAJOR INDEPENDENT SPIRIT AWARDS [3/1/2004]
MEDIA 8 ENTERTAINMENT WINS ACADEMY AWARD [3/1/2004]
MEDIA 8 LICENSES “THE UPSIDE OF ANGER” [2/27/2004]
MEDIA 8 ENTERTAINMENT WINS ANOTHER MAJOR AWARD [2/23/2004]
MDP Reports Record 2003 Pre-Tax Earnings 2003 Net Earnings Rise by Nearly 45% [2/17/2004]
MEDIA 8’S “MONSTER” WINS BERLIN FILM AWARD [2/16/2004]
“MONSTER” MAKES EUROPEAN DEBUT [2/5/2004]
“MONSTER” CONTINUES MONSTER BOX OFFICE SUCCESS [1/27/2004]
“MONSTER” RECEIVES ACADEMY AWARD NOMINATION [1/27/2004]
MEDIA 8 ENTERTAINMENT’S “MONSTER” WINS GOLDEN GLOBE AWARD [1/26/2004]
“MONSTER” WINS CHICAGO FILM CRITICS AWARD [1/22/2004]
MEDIA 8 ENTERTAINMENT’S “MONSTER” WINS SCREEN ACTORS GUILD NOMINATION [1/16/2004]
MEDIA 8 ENTERTAINMENT’S “MONSTER RECEIVES PRESTIGIOUS GOLDEN GLOBE NOMINATION [12/18/2003]
MEDIA 8 ENTERTAINMENT’S “MONSTER” NAMED ONE OF YEAR’S TOP TEN FILMS [12/16/2003]
MEDIA 8 RECEIVES MAJOR CRITICAL ACCLAIM FOR “MONSTER” [12/8/2003]
MEDIA 8 RECEIVES MAJOR AWARD NOMINATIONS FOR “MONSTER” [12/4/2003]
MONSTER Official Site, Poster & Trailer Posted [12/4/2003]
MDP Worldwide Entertainment Inc. Announces Special Meeting of Shareholders [10/27/2003]
ANNE HATHAWAY AND BIJOU PHILLIPS CAST IN Media 8 Entertainment’s “HAVOC” [10/17/2003]
NEWMARKET FILMS ACQUIRES MDP’S Monster [9/7/2003]
MDP Worldwide Entertainment Inc. Reports Third Quarter Net Profits [8/29/2003]
MDP Worldwide Withdraws from "Beyond the Sea" [8/12/2003]
MDP Worldwide Reports Second Quarter Net Profits [5/30/2003]
MDP Announces Beginning of Normal Course Issuer Bid Program [5/15/2003]
MDP Worldwide Entertainment Inc. Reports Rise in First Quarter Net Profits [2/28/2003]
MDP Worldwide Entertainment Inc. Reports Second Consecutive Year of Net Profits [2/17/2003]
“Monster” Commences Principal Photography [2/10/2003]
Stuparich De La Barra promoted at MDP Worldwide [1/30/2003]
Miramax Films Acquires MDP Worldwide's "The I Inside" [1/23/2003]
MDP Worldwide Concludes CAN$39.8 Million Co-Production Arrangement [1/23/2003]
MDP Worldwide Prepares Production Slate for 2003 - Charlize Theron and Christina Ricci to star in "Monster" [1/21/2003]
MDP Worldwide Reports Significant Increase in Operating Revenues and Net Earnings [8/29/2002]
Hilary Swank To Headline Cast of MDP Worldwide's Newest Film "11:14" [8/20/2002]
MDP Worldwide Announces Changes to the Board of Directors [7/16/2002]
Music Box Entertainment to Invest $27 Million in MDP Worldwide [6/24/2002]
Robert Sean Leonard Added to Cast of MDP Worldwide's Psychological Thriller 'The I Inside' [6/20/2002]
Ryan Phillippe To Star And Roland Suso Richter To Direct MDP Worldwide's New Thriller "The I Inside" [6/7/2002]
MDP Worldwide Reports Nearly 50% Increase In Second Quarter Earnings [5/30/2002]
MDP Worldwide Entertainment Inc. - "The Body" Wins Epiphany Prize At The 2002 Movieguide Awards [3/27/2002]
MDP Worldwide Reports Rise in First Quarter Earnings - Records Fifth Consecutive Quarterly Profit [3/1/2002]
MDP Worldwide Entertainment Inc. Reports Highest Net Profits in its History [2/18/2002]
Media 8 Entertainment | Los Angeles | CA
 		Terms Of Use