How much was HOLL's contract with GOOG for movie showtimes worth? (Quotes from the 3Q04 conf call)
Hollywood Media (ticker: HOLL) CEO Mitch Rubenstein discussed his company's movie data business on his Q3 conference call in November. That was before the roll-out of Google Movies, which is powered by HOLL's movie showtime listings. Note his comment about the value of "new large contracts" in negotiation - a clue to the value of the GOOG deal?
Data. This segment, which includes CinemaSource, EventSource, exhibitor ads and Baseline Studio Systems, contributed revenue of $2.4 million for the quarter, up 37.4 percent from the $1.7 million reported last year. Growth in this division is primarily attributable to the acquisition of Studio Systems, which occurred in the third quarter, as well as internal growth in Baseline.
Moreover, we are actively in negotiations on several new large contracts, which would aggregate approximately $1.8 million annually in revenue. And any one of those deals could substantially increase the revenues and EBITDA for this division.
Following the Studio Systems acquisition, we've now reached a level of critical mass, where due to our size or diverse product offering, we can reach more customers for larger deals… variable expenses are also relatively low for this business. So growth beyond this point in our data segment should be mostly profit.
This is what excites the management team most, the leverage we have in this division. In addition, we are in the process of eliminating approximately $2 million of annualized expenses by the end of the current quarter to integrating Studio Systems with our Baseline unit.
(Quotes are from the CCBN StreetEvents transcript.)
Full disclosure: at the time of writing I'm long HOLL.
Get Seeking Alpha Free Stock Alerts by Email!
Get Free Stock Alerts by Email!
across all our transcripts by typing a phrase like "Apple iPod" or "solar power" in the site's general search box (top right corner).
On the search results page, click "Transcripts" to filter the results to show transcripts only.
ETFs In Focus
-
Editor's Picks
-
Most Popular
- GSEs Into Conservatorship: Can Housing Stabilize Now?
- Buying Berkshire: The Ultimate No-Brainer
- PowerShares Dynamic Retail ETF Finds Bargains in Discount Retailers
- Global Stock Markets: We All Fall Down!
- American Capital Agency: Making Money the Old-Fashioned Way
- How Should Policymakers Respond to the Employment Report?
- Full list of Editor's Picks »
- Wall Street Breakfast: Must-Know News »
- Apple: Steve and I Have Been Wrong »
- What Will Fannie / Freddie Mean for Monday? »
- Gold Futures' Dirty Secret (Part II) »
- A First Look Inside the Fannie / Freddie Bailout Plan »
- Rescuing Frannie »
- Why Commodities May Be Nearing a Turning Point »
- Bill Ackman's Letter to Paulson On Restructuring Plan »
- Is Gold Getting Ready to Bounce? »
- Corning: Looking Very Cheap »
- Friday Outlook: What Phony Sell-off?! »
-
Long Ideas
-
Short Ideas
-
Cramer's Picks
- $300/Barrel Oil Is Coming - Barron's Interview
- Nokia Is the Smart(phone) Bet - Barron's
- Geologix Explorations: Another Mexican Monster Miner?
- Don't Recycle Schnitzer Steel Yet - Barron's
- Antigenics: Insider Buying Alert
- Discover Financial: A Creditable Investment - Barron's
- American Capital Agency: Making Money the Old-Fashioned Way
- Time to Recognize Cognizant - Barron's
- Avoid the 'Group Think' on Melco-Crown
- Safeway: A Safe Way to Invest
- Full list of Long Ideas »
- Nuance Communications: An End to Acquisitive Growth
- Short Interest Rising in Tesoro; Shorts Covering Airline Positions
- Harbinger Capital: Cut Short
- Not Much Meat on Pilgrim's Pride's Bones
- Salesforce.com: Demystifying the Force
- Should We Listen to Boone Pickens on Oil?
- Three Reasons Solar Sell-off May Be in Early Innings
- Is the Market Rolling Over?
- Solar and Oil, Part Deux
- Financial vs. International ETFs: Which Bear is Grizzlier?
- Full list of Short Ideas »
- Fed Should Cut Rates - Cramer's Mad Money (9/5/08)
- Bullish on Wachovia - Cramer's Lightning Round (9/5/08)
- Worst Downgrades - Cramer's Stop Trading! (9/5/08)
- Pimco's Bill Gross: Jim Cramer Is 'Courageous' and 'Entertaining'
- Cramer Sees the Light - Cramer's Mad Money (9/4/08)
- Keep Buying Big Brown - Cramer's Lightning Round (9/4/08)
- Don't Buy These Bonds - Cramer's Stop Trading! (9/4/08)
- Loss of Integrity - Cramer's Mad Money Recap (9/3/08)
- Not Off the RIMM - Cramer's Lightning Round (9/3/08)
- Unbelievable Moves - Cramer's Stop Trading! (9/3/08)
- Full list of Cramers Picks »
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »


