Avatar to deliver profit boost to News Corp

Tim Burrowes

February 3, 2010 2:12

News Corp’s third quarter profits are expected to be boosted by the record-breaking 3D movie Avatar.

It comes as the media group reported a profit rise to US$254m ($286.4m) in the second quarter – the three months to the end of December – compared to the US$6.4bn loss it made a year earlier. Its revenue also rose 10 per cent to US$8.7bn.

The company’s filmed entertainment operations, which includes Twentieth Century Fox – the maker of James Cameron’s Avatar, returned a profit of US$324m, compared to US$112m in corresponding the 2008 period.

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Tim Burrowes

Tim Burrowes is the publisher of Mumbrella and Unmade. He co-founded Mumbrella in 2008 and sister title Unmade in 2021. He's worked in the UK, Middle East, Asia & Australia and has specialised in writing about the communications world for the last 25 years. He wrote the book Media Unmade, published in 2021, and became the presenter of MediaLand on ABC Radio National in 2025.