FILM ROMAN 2ND QUARTER REVENUE UP LIVE ACTION GIVES WAY TO ANIMATION.Byline: Evan Pondel Staff Writer ``Simpsons'' animator Film Roman Inc. on Monday posted a 19 percent increase in second-quarter revenue bolstered by two live-action projects created for Disney and Universal. The company saw revenue of $9.4 million for the period ended June 30, compared with $7.9 million for the like period a year ago. ``We're just delivering more product, and we expect to deliver even more product,`` said John Hyde John Hyde may refer to:
The North Hollywood-based company delivered a two-hour movie called ``Motocrossed,'' which premiered on the Disney Channel  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. in February. Film Roman also churned out ``Tara,'' a video project for Universal. Ninety percent of Film Roman's business is devoted to animation and the company is phasing out its live-action feature film department. That move, coupled with accounting changes and a recently settled contract dispute, continue to gnaw on the company's profitability, Hyde said. Film Roman's second-quarter net loss was $800,260, or 9 cents a share, versus $1.3 million, or 15 cents a share for the year-ago period. Last month, Pentamedia Graphics Pentamedia Graphics Limited is a graphics, multimedia solution and animation company in India. The company is engaged in enterprise as well as open source multimedia solution. paid Film Roman $350,000 to settle a contract dispute. A major rift developed between the two companies in April when federal regulators were notified that Chennai, India-based Pentamedia didn't have enough cash to buy a majority stake in Film Roman. Pentamedia had agreed in January to pay $15 million for 60 percent of newly issued common stock of Film Roman. Since the deal was announced in October, Film Roman has been delisted from the Nasdaq and now trades on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. . As of Monday's close, Film Roman was down 2 cents, or 2.90 percent, to 67 cents. Despite the stock's shortcomings A shortcoming is a character flaw. Shortcomings may also be:
``We have a staple of work through animation production,`` he said. That includes pumping out such animated hits as ``King of the Hill'' and ``The Simpsons.'' Looking ahead, the company is developing a half-hour animated series with MTV MTV in full Music Television U.S. cable television network, established in 1980 to present videos of musicians and singers performing new rock music. MTV won a wide following among rock-music fans worldwide and greatly affected the popular-music business. called ``Hairballs.'' The series features three cats that live together and successfully take over a household. Hyde wasn't able to provide an exact date for the series' release. |
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