Tag

Net Profits

All articles tagged with #net profits

Lead Producer of Obsession Alleges Profit Skim in Breach-of-Contract Lawsuit
entertainment1 month ago

Lead Producer of Obsession Alleges Profit Skim in Breach-of-Contract Lawsuit

Leonora Ann Darby, executive/lead producer on Curry Barker’s Obsession, accuses Tea Shop Productions co-founders James Harris and Mark Lane of denying her a one-third share of the film’s net profits and other compensation after she helped save and lead post-production; she notes TIFF and a $16.2 million sale to Focus Features and says she was excluded from the LA premiere and subjected to ongoing unequal treatment. The suit seeks full accounting, one-third net profits, unpaid wages/expenses, and related relief, with Harris and Lane not commenting.

"CD Projekt's Record-Breaking Profits: A Look at 2023's Financial Success"
business-gaming2 years ago

"CD Projekt's Record-Breaking Profits: A Look at 2023's Financial Success"

CD Projekt reported over $120 million in net profits for 2023, the second best year in its history, attributing the success to the release of Phantom Liberty and ongoing interest in The Witcher. Despite this, the company underwent layoffs in summer 2023, leading to the creation of the Polish Gamedev Workers Union. Looking ahead, CD Projekt is focusing on developing The Witcher 4: Polaris, the next Cyberpunk game codenamed Orion, and a live-action project set in the Cyberpunk universe.

businesstechnology2 years ago

Samsung Electronics remains optimistic despite decline in profits

Despite a decline in net profits, Samsung remains optimistic about chip demand, citing strong demand for server and mobile chips. The company's net profits for the first quarter fell by 26% compared to last year, but it expects a recovery in the second half of the year. Samsung's upbeat outlook comes amid global chip shortages and increasing demand for semiconductors in various industries.