RPT-MGM says "Skyfall", "Hobbit" helped 2012 profit more than triple

Mon Mar 18, 2013 6:45pm EDT

Related Topics

LOS ANGELES, March 18 (Reuters) - MGM, the storied movie studio that exited bankruptcy protection in 2010, posted a more than a three-fold increase in 2012 net income, the company said on Monday.

Blockbuster hits like "Skyfall" and "The Hobbit" had bolstered its profit last year to $129.2 million, from $35.2 million in 2011, it said in a statement.

Sources have told Reuters the studio behind the James Bond franchise is considering an initial public offering.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.