Source: DVDArtist.com
Lion Roars With Record DVD Sales
MGM has reported record earnings of $15.1 million for the fourth quarter ending December 31, compared with a net loss of $43.7 million in the previous year's fourth quarter. With DVD sales a major factor, this was largely due to the continuing success of the James Bond franchise. In addition to the new film ""The World Is Not Enough,"" which so far has grossed more than $300 million, a special boxed set of seven James Bond films on video and DVD exceeded 3.1 million units worldwide, helping DVD sales to more than triple during the quarter. MGM has been restructuring since new management took over last spring and is beefing up film production for the coming year.