Ventura Entertainment Earns $889,586 in Quarter

Ventura Entertainment Group Ltd., a Burbank producer of commercials and other television programming, said it earned $889,586 in the fiscal second quarter, contrasted with a year-earlier loss of $2.8 million. Revenues jumped 86% to $3.4 million from $1.85 million.

For the six months ended Dec. 31, Ventura Entertainment earned $356,712, contrasted with a $3.7-million loss a year earlier. Six-month revenues dipped 6% to $8.5 million from $9 million.

Both the second-quarter and six-month earnings included $1.77 million raised in an initial stock offering by Ventura Entertainment’s main subsidiary, Harmony Holdings Inc.