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Studio and distributor’s first quarter net income grows $244,000

MGM’s first-quarter 2016 revenue dropped 15 percent year over year, though the entertainment company was able to salvage slight profit growth with lowered film costs.

Overall, Q1 revenues totaled $311.3 million this time around. In 2015, the top-line was $364.5 million. Big-screen stuff was the culprit for the drop, while small-screen shows fared better this year.

Net income for the most-recent 90-day period was $57.1 million. Last year, that profit was at $56.8 million.

Recognized costs on released films has dropped, as have current production expenses. There’s more money tied up in development there, however. Television costs are up across-the-board,

This quarter, the production company and distributor released “How to Be Single,” which was co-produced by Warner Bros.

Look inside the famous shirtless and sweaty sequence with Tom Cruise and Val Kilmer 30 years later

May 11, 2016
top-gun_55038730-1443x796-1443x796-931621b64fb0592da3ae22e4125489a98e3694b8

MGM Revenue Drops 15 Percent, Though Profit Is Saved by Lower Film Costs

Studio and distributor’s first quarter net income grows $244,000 MGM’s first-quarter 2016 revenue dropped 15 percent year over year, though the entertainment company was able to salvage […]
May 11, 2016
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Nicki Minaj Claims Ex Safaree Samuels Is Suing Her, Says He ‘Can’t Move On’

Safaree Samuels and Nicki Minaj arrive at the 2013 Billboard Music Awards. Credit: David Becker/Getty Images Boy, bye. Nicki Minaj fired off a string of angry […]
May 11, 2016
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Chills: Watch Justin Timberlake And Anna Kendrick Duet True Colors

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May 11, 2016
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‘The Flash’ Episode 2.22 Photos: Meet Earth-2’s Evil Laurel Lance

Official photos from the 22nd episode of The Flash season 2, “Invincible,” airing Tuesday, May 17 at 8pm on the CW. Official Synopsis from the CW: […]
May 11, 2016
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Broncos Cheeleaders — Adios Clothes!! Hot Mexican Bikini Shoot (PHOTOS)

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X-Men Spinoff ‘New Mutants’ Aiming for Early 2017 Start, Professor X to Report for Duty

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Twitter Comes to the Rescue of Girl Who Was Fat-Shamed for Prom Picture

Tayja Jones Credit: Courtesy of Tayja Jones/Instagram Tayja Jones felt beautiful in her sequined prom dress — so the 17-year-old decided to share a photo of […]
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Voltron: Legendary Defender Netflix Series Trailer

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Prince — Culprit in 911 Call … He Promised Me Half a Mil

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Supergirl Season 2 Move to The CW Now a Stronger Possibility

CBS joined fellow TV networks FOX and The CW in airing its own DC Comics-based superhero TV show in 2015 with Supergirl. However, the future of the […]
May 11, 2016
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How IMDB Spoiled The Flash Season 2 Before It Aired

One of the biggest mysteries of Season 2 of The Flash was of just who was the man behind the Zoom mask. The show did a […]
May 11, 2016
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YACHT apologise for sex tape hoax after backlash

YACHT have released a new statement apologising for their sex tape hoax. The Portland duo of Jona Bechtolt and Claire Evans have come under fire from […]
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How Captain America: Civil War Tied In With Agents Of S.H.I.E.L.D.

Warning: spoilers for both last night’s Agents of S.H.I.E.L.D. and Captain America: Civil War are ahead! This past weekend, Captain America: Civil War was finally released […]
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Sharon Osbourne Once Cut Her Wrists to Prove How Much She Loved Ozzy Osbourne

Two years ago, long before their recent split, Sharon Osbourne revealed during The Talk that she once physically harmed herself to prove to her husband, Ozzy […]
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The Flash Review: It’s Time To Go Home, Barry

[WARNING: This article contains SPOILERS for The Flash Season 2, Episode 21.] – You don’t have to tell fans of The CW’s superhero programming that not […]
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Tom Brady Talks Gisele Bundchen Marriage: ‘We’ve Been Through a Lot of Ups and Downs’

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May 11, 2016
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That One Time Jennifer Lawrence Punched Her X-Men Co-Star Sophie Turner in the Vagina

Getty Images I guess if you have to get punched in the vagina, you’d want it to be from an Oscar winner? (For the story, of […]
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Macaulay Culkin speaks about working with Adam Green on new version of ‘Aladdin’

Macaulay Culkin has spoken about working with former Moldy Peaches member Adam Green on a new version of Aladdin. Green previously wrote and directed his first […]
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Steven Soderbergh Sets Channing Tatum, Michael Shannon, and Riley Keough for New Feature ‘Logan Lucky’

Steven Soderbergh never “left,” of course. He’s directed twenty episodes of give-or-take-one-hour television (The Knick) since the summer of 2014, helmed some sort of prestige-cable project (Mosaic) […]
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Rumor: Zack Snyder’s ‘Justice League’ Villain Is Not Who You Think

Shortly after the release of Batman v Superman: Dawn of Justice, fans were surprised to see that Warner Bros. quickly released a deleted scene from the […]
May 11, 2016
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Voltron: Legendary Defender Trailer Unites a New Team of Warriors

Over the past few years, Netflix has built its burgeoning TV slate through a combination of original programming like House of Cards and Daredevil, and by […]
May 11, 2016
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‘The Challenge: Rivals 3’ Episode 2 Spoilers: Johnny Bananas Going After Wes Bergmann? [WATCH]

The Eye SIGN UP TO RECEIVE THE LATEST NEWS FROM FASHION&STYLE (Photo : The Challenge/Facebook/MTV) Could Wes Bergmann be in danger of being sent into the […]
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[Cannes Review] Café Society

Cannes 2016 Review [Amazon Studios; 2016] Director: Woody Allen Runtime: 96 minutes Written by Giovanni Marchini Camia on May 11, 2016  Café Society is a quintessential […]
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Taya wins GIT Award 2016

Merseyside music prize, The GIT Award, has revealed the winner of this year’s coveted One To Watch Prize is teenage prodigy Tayá the 12 shortlisted artists […]
May 11, 2016
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Joe Biden: ‘I Think I Would Have Been the Best President’

Chris Matthews Caught Fawning Over Melania Trump on Hot Mic Paul Ryan Still Won’t Endorse Donald Trump, Says He’s ‘Just Not Ready’ Donald Trump Wishes Followers […]
May 11, 2016
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One Valuable Lesson Civil War’s Writers Took From Game of Thrones

When creating a fictional world, quite often it’s the smallest details that help make that world feel real and believable. However, when you’re deep into the […]
May 11, 2016
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Wonder Woman Wraps Shooting, Director Reflects on Cast

Earlier this week, actress Gal Gadot revealed that she had wrapped production on Warner Bros.’ highly-anticipated Wonder Woman movie, which has been set for release on […]
May 11, 2016
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BBC announces air date for new ‘Top Gear’ series

Top Gear will return to the airwaves later this month with a new cast of presenters behind the wheels. The BBC has now announced that the […]
May 11, 2016
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‘Arrow’: Tom Amandes On Noah Kuttler’s Return

Damien Darhk has some very bad plans for everyone on “Arrow,” and to try and stop him, Felicity Smoak will have to turn to an unlikely […]
May 11, 2016
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Colin Farrell’s ‘Killing of a Sacred Deer’ Picked Up by A24 at Cannes

Three months ago, distributor also picked up Farrell’s “The Lobster” A24 has acquired the U.S. rights to Colin Farrell drama “The Killing of a Sacred Deer” at […]
May 11, 2016
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Who The Justice League Will Probably Fight In Their First Movie

As much as we love to rant and rave about the heroes of the DC universe, the villains have equally captured our attention and imagination over […]
May 11, 2016
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11 of the weirdest dating apps out there (step your game up, Tinder!)

May 11, 2016
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Lynne Ramsay and Joaquin Phoenix Will Get Their Vengeance On With ‘You Were Never Really Here’

We’ve reached the point where Joaquin Phoenix deciding to star in a movie is nothing short of an event. He’s picky these days, but that pickiness […]
May 11, 2016
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The Celebrities Jeopardy Is Adding For Power Players Week

Jeopardy! has all sorts of gimmicky programming going on throughout the year. Week long tournaments, including the Teen Tournament, the College Tournament and more are meant […]
May 11, 2016
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Bobby Gillespie: ‘The days of somebody culturally important hitting the mainstream are gone’

Primal Scream‘s Bobby Gillespie has said he thinks the “days of somebody as culturally important as Bob Dylan hitting the mainstream are gone”. Speaking to The […]
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