Alliance Communications announces third quarter results.TORONTO--(BUSINESS WIRE)--Feb. 21, 1996--ALLIANCE COMM. CORP. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ALLIF TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : AAC (Advanced Audio Coding) An audio compression technology that is part of the MPEG-2 and MPEG-4 standards. AAC, especially MPEG-4 AAC, provides greater compression and better sound quality than MP3, which also came out of the MPEG standard. .A AAC.B) Alliance Communications Corporation today announced its financial results for the third quarter and nine months ended December 31, 1995. All currency amounts are expressed in Canadian dollars. Consolidated revenues for the third fiscal quarter increased 28 percent to $93,587,000 from $73,085,000, reported in the same period last year. The Company's net earnings showed improvement in the third fiscal quarter, increasing 15 percent to $4,418,000, from $3,842,000, reported in last year's comparable period. Earnings per share were $0.45 compared to $0.39 reported in last year's fiscal third quarter. For the nine month period ended December 31, 1995, consolidated revenues increased 40 percent to $201,174,000 from $143,968,000, reported in the same period last year. The Company's net earnings for the nine month period were $5,533,000 compared to $9,129,000 reported in last year's comparable period. Earnings per share for the nine month period were $0.56 compared to $0.96 for the same period last year. "The Corporation's return to profitability in this third quarter comes largely from increased volume in Alliance's production sector and a continuing strong performance from Alliance Equicap," commented Robert Lantos, Chairman and Chief Executive Officer. Television production activity is on the rise. Three new pilot orders for one hour series from ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. , FOX Broadcasting and the United Paramount Network are in various stages of production. They are: Once a Thief, a two hour pilot for FOX and Global CanWest directed by John Woo For other uses, see . John Woo Yu-Sen (Chinese: 吳宇森; Pinyin: Wú Yǔsēn , director of the hit movie, Broken Arrow Broken Arrow a series depicting Indian–white man exploits. [TV: Terrace, I, 122] See : Wild West (communications) broken arrow - The error code displayed on line 25 of a IBM 3270 terminal (or a terminal emulator emulating a 3270) for ; Toe Tags, a one hour pilot for ABC directed by Dan Petrie Jr. creator of Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. Cop; and Sins of the City, a two hour pilot for UPN UPN User Principal Name (Microsoft Windows 2000) UPN United Paramount Network UPN Unión del Pueblo Navarro (Navarrese People Union) UPN Umgekehrte Polnische Notation . With these three projects Alliance becomes a top contender for the fall '96 U.S. broadcast season. In January, Alliance's television movie Gridlock Gridlock A government, business or institution's inability to function at a normal level due either to complex or conflicting procedures within the administrative framework or to impending change in the business. , starring David Hasselhoff David Michael Hasselhoff (born July 17, 1952 in Baltimore, Maryland), nicknamed "The Hoff", is an American actor who was best known for his lead roles on Knight Rider and Baywatch. , aired, winning the key 18-49 demographic for NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. . It was broadcast in Canada on CTV CTV Canadian Television (Network Limited) and won the night over Hockey Night in Canada Hockey Night in Canada (HNIC) is a television broadcast of National Hockey League games in Canada, produced by CBC Sports. Hockey Night consistently remains one of the highest-rated Canadian programs on television. . Now in its second season, the popular drama Due South is back on CBS (Cell Broadcast Service) See cell broadcast. and CTV. Five new episodes of the hour long program were delivered in this quarter with eight upcoming episodes slated for delivery over the next two quarters. Seven new episodes of CBC's top rated drama North of 60 were delivered in this quarter. Three more episodes are in various stages of production and slated for delivery in Q4 bringing to sixty-four for the total number shot to date. Six episodes of the new youth drama Straight Up have been delivered to the CBC (1) (Cell Broadcast Center) See cell broadcast. (2) (Cipher Block Chaining) In cryptography, a mode of operation that combines the ciphertext of one block with the plaintext of the next block. in this quarter for broadcast on Monday nights. On the multimedia front, five new episodes of Reboot (TM) have been delivered in this quarter, bringing to twenty-three the total number produced to date. Production of Beast Wars Beast Wars: Transformers (Beasties on YTV) is a Transformers toyline released by Hasbro between 1995 and 1999. The toys spawned a full-CG animated series set in the "original" Transformers universe, produced by Mainframe Entertainment of Canada. , a new 26 episode computer generated animation series based on Hasbro's "Transformer" line of toys began in the third quarter. The series is financed by Alliance in partnership with Hasbro Toys. Reboot and Beast Wars are produced at Mainframe, a state of the art 100 percent computer generated animation facility located in Vancouver. Alliance owns 50 percent of Mainframe Entertainment Inc. and has a long term contract to distribute worldwide all programming manufactured by the Company. Beast Wars will be launched in the U.S. as part of a weekly animation strip syndicated by Hasbro-owned Claster Inc. in fiscal '97. Motion picture production in the third quarter saw the completion of principal photography of Crash, directed by David Cronenberg and starring James Spader James Todd Spader (born February 7, 1960, in Boston, Massachusetts), who is known to prefer being called "Jimmy",[1] is a three-time Emmy-winning and Golden Globe-nominated[2] American actor who is best known for his eccentric roles in movies such as , Holly Hunter, and Roseanna Arquette. The film is currently in post production and slated for delivery in the fourth quarter. Alliance International's theatrical arm has acquired the international distribution rights to a full line up of new movies including Welcome to the Dollhouse Welcome to the Dollhouse is a 1995 coming of age, black comedy. An independent film, it launched the career of writer-director Todd Solondz, who went on to make Happiness (1997). , which won the highly sought after Grand Jury Prize at the Sundance Film Festival in January. The Corporation's Le Monde n. 1. The world; a globe as an ensign of royalty. Le beau monde fashionable society. See Beau monde. Demi monde See Demimonde. subsidiary is experiencing a record level of activity with a full slate of action movies. The Demolitionist and Within the Rock are both in post production and will be delivered in the fourth quarter. The Boys Club, starring Chris Penn was delivered in this quarter. Deadly Current, starring Jeff Fahey and Gary Busey is now in production. Alliance Releasing continues to be a strong performer, posting outstanding results at the Canadian box office, in the video stores and in television sales. Seven was the top theatrical draw in Canada with both Johnny Mnemonic Pronounced "ni-mon-ic." A memory aid. In programming, it is a name assigned to a machine function. For example, COM1 is the mnemonic assigned to serial port #1 on a PC. Programming languages are almost entirely mnemonics. and Mortal Kombat registering strong video sales. The Corporation's growing broadcasting division has applied to the CRTC CRTC Canadian Radio-Television & Telecommunications Commission CRTC Combat Readiness Training Center CRTC Cathode Ray Tube Controller CRTC China Railway Telecommunications Center CRTC Cold Region Test Center CRTC Continuously Regenerated Trap Column -- with CTV as a minority partner -- for a license to provide a second specialty service, The History and Entertainment Channel. The outcome of that application is expected to be known by late summer. The Corporation's continuing growth in the U.S. and in the international markets is the result of a long term strategy which was implemented several years ago to reduce Alliance's dependence on the domestic market. The Corporation is beginning to derive a benefit from the strength and talent of recent senior management appointments who bring skill and a new depth of experience that will help position Alliance to seize important growth opportunities in the future. The one time charge against earnings taken in the second quarter will have an impact on the Corporation's fiscal year but management is confident of the Corporation's strong overall profitability. Alliance Communications Corporation is a worldwide filmed entertainment and production company headquartered in Toronto with offices in Montreal, Vancouver, Los Angeles, Paris and Shannon. Its shares trade in Toronto and Montreal under AAC and it is listed on the Nasdaq exchange under the symbol ALLIF. -0-
ALLIANCE COMMUNICATIONS CORPORATION
CONSOLIDATED FINANCIAL SUMMARY
(In thousands of dollars, except per share information)
3 Months ended 3 Months Ended
Dec. 31, 1995 Dec. 31, 1994
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Revenues
Production
Domestic $ 17,564 $ 13,807
International 32,309 28,238
Distribution
Domestic 18,622 17,808
International 8,805 10,757
Structured production
financing
fees before sub-agents 11,661 2,205
Broadcast and Music
Publishing 4,627 270
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Total $ 93,588 $ 73,085
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Earnings Before Income
Taxes and
Minority Interest 5,308 5,099
Net Earnings 4,418 3,842
Earnings Per Share $ 0.45 $ 0.39
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9 Months Ended 9 Months Ended
Dec. 31, 1995 Dec. 31, 1994
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Revenues
Production
Domestic $ 30,097 $ 25,615
International 57,932 39,260
Distribution
Domestic 60,651 37,532
International 17,730 26,579
Structured production
financing
fees before sub-agents 21,618 14,712
Broadcast and Music
Publishing 13,146 270
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Total $ 201,174 $ 143,968
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Earnings Before Income Taxes and Minority Interest 5,248 12,111 Net Earnings 5,533 9,129
Earnings Per Share $ 0.56 $ 0.96
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CONTACT: Alliance Communications Corporation Robert Pattillo, 416/967-1174 or Morgen-Walke Associates Eileen Howard, Andrea Mabel, 212/850-5634 Karen Goulet, 416/777-6711 |
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