VB Mobile Log In  |  Register          
Advertisement
VB Resources
Subscribe to VB Magazine

Navarre Q1 income drops 66.7%

Revenue lifts 3.6% on record number of sales

By Susanne Ault -- Video Business, 7/31/2006

JULY 31 | Amid weakness at retail, indie supplier Navarre Corp. posted mixed results for its fiscal 2007 first quarter.

The company earned $634,000 in net income for the three months ended June 30. That marks a 66.7% drop from the amount Navarre brought in during the comparable fiscal 2006 period.

At the same time, Navarre jumped 3.6% to $146.3 million in revenue, which represents a record amount of first-quarter sales for the distributor.

Navarre-operated anime label Funimation proved a bright spot. Titles performing better than expected included Full Metal Alchemist, Dragon Ball Z, Samurai 7 and Desert Punk. Helping spur consumer excitement, Funimation Channel TV programming launched earlier this year and delivers anime content to about 28 million households in the U.S.

BCI, another Navarre label property, recorded slightly lower sales than the prior year, but that was mostly due to certain first-quarter releases shifting into the second quarter, the company said.

He-Man and the Masters of the Universe and Pride Fighting Championship continue to be strong BCI franchises.

Overall, Navarre’s publishing unit, including Funimation, BCI and software maker Encore, reached $26 million in sales, virtually flat from last year’s period.

“We are pleased that we were able to post record net sales for the first quarter in spite of a soft retail environment in the categories that we serve,” Navarre chair and CEO Eric Paulson said. “Funimation’s net sales continue to improve, and we are optimistic with the upcoming release schedule. We are also pleased with the contribution of BCI as we realized benefits from the move to more front-of-line product.”

Talkback

We would love your feedback!

Post a comment

» VIEW ALL TALKBACK THREADS

Related Content

Related Content

 

By This Author

Sponsored Links



 
Advertisement

MOST POPULAR PAGES

More Content

  • Blogs
  • Photos

Blogs

  • Laurence Lerman
    DVDIALOG

    November 20, 2009
    Hey Lady...It’s The Jerry Lewis Collection!!
    Jerry Lewis had a couple of TV series and a few special specials back in his heyday, but none as s...
    More
  • Samantha Clark
    DISC DISH

    November 19, 2009
    Capitalism: A Love Story on DVD next year
    So, we saw on Blu-ray.com that Michael Moore's latest movie, Capitalism: A Love Story, is coming to&...
    More
  • » VIEW ALL BLOGS RSS

Photos

  • 50 Dead Men walking
    Phase 4 Films execs and 50 Dead Men Walking star Jim Sturgess visited with distributor VPD recently.
  • Fans for Fight Club
    Fox held a screening of Fight Club for 200 fans in Los Angeles on Nov. 17 to celebrate the film’s 10th anniversary. David Fincher’s 1999 film starring Brad Pitt and Edward Norton is now available on Blu-ray.
  • Costello spectacle
    To promote MVD’s DVD and Blu-ray release of Spectacle: Elvis Costello With...: Season One, singer-songwriter Elvis Costello made an in-store appearance at New York City’s Barnes & Noble on Nov. 17.
Advertisements





NEWSLETTERS
VB Daily News
VB Indie Film Guide
VB Weekly Summary
VB Just Announced
VB Green Report
Please read our Privacy Policy
©2009 Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Use of this Web site is subject to its Terms of Use | Privacy Policy
Please visit these other Reed Business sites