Thursday, May 27, 2010
RealD Revenues Grow To $189M For Year
Los Angeles-based RealD, the developer of 3D projection technology which is waiting in the wings for an IPO, revealed its latest year's result in an updated S-1 filing with the SEC last night. According to RealD, it had gross revenues of $189.08M for the year ended March 26, with a net loss of $39.7 for the year. Revenues were up significantly from the $45.0M in gross revenues the firm reported for 2009. The firm reported that it now has 3,385 RealD-enabled domestic screens, and 1,936 international screens, for a total of 5,321 screens using its technology. The firm's biggest growth was in international screens, where the firm had a 378 percent increase in enabled screens from last year. The firm benefited significantly in the year from licensing its technology for the James Cameron film Avatar, where it said it earned $27.9M in admission-based feeds. Other big movies for the firm were Up ($8.5M), Alice in Wonderland ($7.2M), Monsters vs. Aliens ($4.9M), Ice Age 3 ($6.2 million), GForce ($3.7 million) and Christmas Carol ($4.2 million).