Cannon Group Inc. reported that it earned...
Cannon Group Inc. reported that it earned $10.5 million in the first quarter, contrasted with a loss of $9.9 million a year earlier. The independent film maker said sales fell to $91.6 million from $117.5 million. The Los Angeles firm said the results were due to the sale of two subsidiaries, Commonwealth Theatres Inc. and Cannon’s Italian cinema unit, which resulted in a $28.1-million gain.
Tables, Page 10
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
