Alliance Atlantis boosts profit

Vlessing, Etan
June 2003
Hollywood Reporter -- International Edition;6/24/2003, Vol. 379 Issue 12, p49
Canadian producer Alliance Atlantis Communications Corp. posted a higher fourth quarter profit Monday as the foreign-exchange gains from a stronger Canadian dollar helped offset a one-time tax provision and a restating of earnings from its 'CSI' franchise. Toronto, Ontario-based Alliance Atlantis posted a fourth-quarter profit of $2.4 million for the quarter ending March 31. Alliance Atlantis restated its earnings back to second-quarter 2001 to reflect a change to joint venture accounting for its 'CSI: Crime Scene Investigation' and 'CSI: Miami' series, which the Canadian company co-produces with CBS Productions. As Alliance Atlantis continues to cut its film and TV production, the 'CSI' series accounted for 33% of its entertainment group revenue in fiscal 2003, compared with 11% of year-earlier film and TV production revenues.


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