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Earnings

Total Money Invested By Studios In Movielink: $148 Million; Revenues Stagnant

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Not that a lot of people are interested in Movielink‘s fate anymore, after it got sold to Blockbuster (NYSE: BBI) earlier this year, but if you are from one of the five studios—MGM, Paramount, Sony (NYSE: SNE), Universal and WB—that invested a total of about $148 million in five years, then you probably are. In an 8-K filed with SEC earlier today, BB disclosed the online movie services’ always precarious finances and revenues.

SEE ALSO: Movielink-Blockbuster Deal: Cash $6.6 Million; BB Paid Netflix $7M For Patent Dispute

Its losses for the first half of this year were $10.18 million, compared to $11.62 million in the year-ago half. Revenues for this period this year were $1.98 million, compared to $1.91 million in H106. For full year 2006, revenues were $4 million, on total losses of about $22 million. Lots more minutiae here.

Oct 25, 2007 11:56 AM ET

Posted In: Entertainment, Movies, Money, Earnings, Companies, Sony, blockbuster, mgm, movielink, paramount, universal, wb

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