Radio / Television News

Post production profit plunge persists


OTTAWA – While the collective revenues of Canadian film, video and audio-visual post-production companies posted topped $1 billion for the first time in 2004, their profitability continued a long-term decline as rising expenses outpaced growth in revenues, says a Statistics Canada report released today.The companies' collective profit margin fell from 7.3% in 2001 to only 4.3% in 2004. Profitability has been on the decline since 1999 when it peaked at 17.9%. Exports were the sole driver of revenue growth, rising to $523 million in 2004 from $401 million in 2001, according to Statscan. The information comes from a 2004 census...