Focus on Entertainment Stocks : Spotlight: Matsushita Electric Industrial Co.
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The release of “Jurassic Park” affects several divisions of Matsushita. The picture is being distributed by its Universal/MCA unit, but there will also be tie-ins with Universal theme parks and products such as Panasonic. Matsushita, whose chairman is Masaharu Matsushita, is one of Japan’s largest electronics manufacturers. It marks its 75th year facing a global recessionary climate and an uncertain Japanese economy. Net income was down 71% from last year at $331 million.
Major Properties
* Brand Names: Panasonic, JVC, National, Technics, Quasar, Victor
* Entertainment divisions: MCA Inc. which includes Universal Pictures, Universal Studios, MCA Music Group
* Film Properties: “Dragon: The Bruce Lee Story,” “Scent of a Woman” and “Jurassic Park”
Financial Data
* Market capitalization: $23.8 billion
* Cash: $10.6 million
* Long-term debt: $13.4 million
* 1993 revenue: $60.8 billion
* 1993 profit: $331 million
* Earnings per share: $0.16
* Dividend: $0.11
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