Business Briefs: THQ, DreamWorks, Paramount, Countrywide Financial

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& #8226; THQ Inc.

reported third-quarter net income of $47.6 million (72 cents per share), compared with $62.9 million ($1.05) for the same period a year earlier. Revenue for the Agoura Hills-based video game publisher fell to $357.8 million from $400.3 million a year ago.


The company expects fourth quarter earnings of about 2 cents per share on revenue of $135 million. For the full year, THQ anticipates earnings of approximately 67 cents per share on revenue of $790 million. For fiscal 2007, the company expects earnings of 90 cents to $1 per share on revenue of $900 million to $950 million, excluding the impact of stock option expense.



& #8226;

Japanese publisher Kadokawa Holdings Inc. said it would sell its 2.91 percent stake in

DreamWorks SKG Inc.

to

Paramount Pictures

for $21 million. Kadokawa invested $100 million in DreamWorks in 2004 to acquire rights to distribute the studio’s releases in Japan. It will maintain those rights after the share sales, and will be able to distribute at least 31 films through 2018, Reuters said. Kadokawa will post a loss of about $22 million from the sale.



& #8226; Countrywide Financial Corp.

plans to sell five-year bonds in pounds, Bloomberg News reported. The bond will be benchmark in size, which is generally of at least 300 million pounds ($532 million). Barclays Plc and BNP Paribas SA are managing the sale. The bonds will pay a yield of about 85 basis points more than the yield on the 5 percent U.K. government bonds due in 2012.

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