MCA reported record earnings for the second quarter and first half of 1986 as nearly all of the giant entertainment conglomerate's operations showed improvement.
The Universal City-based company said net income in the second quarter rose 129% to $28.16 million from $12.93 million the year before. Quarterly revenue was $522.73 million versus $416.38 million.
MCA reported first-half net income of $59.08 million, a 93% increase from 1985's $30.67 million. First-half revenue was $1.04 billion, compared to $847.95 million last year.
Film entertainment showed significant improvement, MCA said, because increased theatrical distribution results more than offset decreased television results. The division also includes results of its equity interest in Cineplex Odeon, a movie theater chain that was acquired in May.