EXCLUSIVE: Carnival Films, the NBCUniversal production company behind Downton Abbey, has said its revenue took a hit last year as it looks to find its next mega-hit. In earnings filed at the UKR…
In earnings filed at the UK’s Companies House this week, the-led indie reported that its total sales were £58.8M in 2018, down nearly 24% on the £77.1M recorded the year before.
The company’s pre-tax profit dropped 33%, falling from $15.2M in 2017 to $10.1M last year, according to the financial filing. Carnival said in the filing that the hit to revenue was because it was “delivering fewer new titles.” It added that “material” existing titles were “nearing the end of their useful lives.” Carnival did not say what these shows were.
A Carnival spokeswoman said: “This is a cyclical market and our 2018 results are simply a snapshot in time, reflecting timing of delivery and the significant investment in development made last year.” She added that the indie “began 2019 on a high” with a number of projects in production.movie, which opens in UK theatres today before a 20 September release in the U.S. If successful, Neame
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