#Writedown movie movie#
The SEC has not yet released a report of their findings. REUTERS/Toru Hanai/Files (Reuters) By Makiko Yamazaki and Tim Kelly TOKYO (Reuters) - Sony Corp will write down the value of its movie business by nearly 112.1 billion yen (976 million) in the. Arrives by Mon, Nov 21 Buy Movie Log Book : Thanksgiving Journal For Women To Write Down Favorite Hallmark Holiday Favorites - Personal Gift for Her.
Securities and Exchange Commission regarding the 13.5 million writedown of film. In April 2012, DreamWorks Animation was part of a five-studio investigation into illegal payments made to officials in China in exchange for the right to film and show movies in the territory. During its second quarter earnings call, DreamWorks Animation disclosed an ongoing investigation with the U.S. There is a headline risk and it’s a distraction for management.” If we watch a 1920s movie and the characters are throwing around salary figures, we would. “Obviously anytime something like this happens, as an investor, there is a worry. I think film-makers use this to try to keep the film timeless. “I don’t think this will really affect (DreamWorks) day-to-day,” said Tuna Amobi, an equity analyst at S&P Capital IQ who was on the earnings call. That was only one part of the $165 million charge the studio took in the fourth quarter of 2012. In November 2012, DreamWorks said it would take a writedown of $87 million on “Rise of the Guardians,” an adventure featuring holiday legends like Santa Claus and the Easter Bunny. Sony Corp will write down the value of its movie business by nearly 112.1 billion yen in the third quarter, blaming weaker film profits as online streaming services sap demand for movie DVDs. The meaning of WRITE-DOWN is a deliberate reduction in the book value of an asset (as to reflect the effect of obsolescence). Peabody & Sherman” led to a larger $57 million writedown in the first quarter of 2014. This is not the first writedown the studio has taken.ĭisappointing box office results for “Mr.
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