TORONTO – Film and TV producer Kew Media today reported second quarter revenue of $69.1 million, a 39% increase over Q2 2018.
Gross profit for the quarter ended June 30th came in at $21.3 million, compared to $13.4 million in the same quarter the prior year.
“Kew's strong momentum continued into the second quarter and met our expectations, largely driven by high revenues from both our production and distribution segments. We are beginning to see the benefits of our significant investment in film and television rights last year and expect this momentum to continue,” said Steven Silver, CEO, in the press release.
Q2 2019’s revenue was comprised of $46 million from production and $23.1 million from distribution while gross profit included $11.7 million from production and $9.6 million from distribution.
Kew titles include Essential's Texas Flip 'N Move, Body Hack, Dance Moms, The Family and Baroness von Sketch Show.
