Image Entertainment Cuts Quarter’s Loss to $199,109
Image Entertainment Inc., a Chatsworth-based distributor of video laser discs, said it narrowed its loss in its fiscal second quarter ended Sept. 30 to $199,109, while revenues rose 35% to $12.8 million. A year earlier, Image lost $624,577 on $9.52 million in revenue.
The company said it had a smaller loss in the most recent quarter because of stronger video releases and cost controls.
In the latest six-month period, however, Image’s total loss widened to $681,748 from $512,717 a year before. Revenues increased 14% to $22.5 million from $19.7 million.
The biggest entertainment stories
Get our big stories about Hollywood, film, television, music, arts, culture and more right in your inbox as soon as they publish.
You may occasionally receive promotional content from the Los Angeles Times.
