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BRIEFLY

Tri-Star Pictures won a federal court ruling.

June 19, 1987

The New York-based motion picture company will be allowed to exhibit its own films in its newly acquired Loews Theatres chain, so long as it continues to license those films on a "theater by theater" basis. Loews previously was barred from exhibiting its own films under an antitrust consent decree. In a separate announcement, Tri-Star reported a loss of $5.4 million on revenue of $25.9 million for a two-month period ended Feb. 28, noting that it released none of its own films during the period and experienced costs associated with a canceled TV series. For the three months ended May 31, the company reported net income of $1.2 million on revenue of $147 million, compared to net income of $902,000 and revenue of $37 million a year earlier.

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