NBC Universal sold its subsidiary, Rogue Pictures, to Relativity Media for approximately $150 million.Rogue pictures creates lower-budgeted films, and has been quite profitable. Last year, one of the highest grossing films that the company produced sold more than $50 million in domestic tickets.
Universal's sale of Rogue is purportedly a move to bolster Universal's end of the year bottom line.
No comments:
Post a Comment