Cineplex Odeon Corp.: The Toronto-based film distributor...
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Cineplex Odeon Corp.: The Toronto-based film distributor reported a second-quarter loss of $39 million, contrasted with a profit of $7 million a year ago. Revenue totaled $149 million, up 2%. The results were hurt by a since-resolved dispute with “a major distributor,” a writeoff of $7 million after a decision to abandon a U.S. limited partnership deal and $1 million in fees associated with the creation of a special directors committee to review any proposals to acquire the corporation.
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