Lower costs means better profit in film/TV post-production

OTTAWA - The profit position for Canada's film, television and video post-production industry improved slightly in 2006, according to Statistics Canada. Even though operating revenues edged down, the industry's operating expenses fell at a faster pace. The industry reported total operating revenues of $822 million, down 1.9% from 2005, says the report on the industry released Wednesday. However, firms managed to reduce their operating expenses by 2.6% to $769 million, largely because of a 10.6% decline in the cost of goods sold. The cost of goods sold and salaries, wages and benefits remained the industry's principal expenses. As a result,...