News: National Lampoon releases 2008 second quarter revenue

The National Lampoon sent out a press release today announcing their financial results for the second quarter of 2008. As usual, they lost a hell of a lot more money than they made, although this year they lost over $1 million less than last year. I honestly don't understand how they can still be in business though when they consistently lose money every year.

Daniel Laikin, Chief Executive Officer, commented, “We are now at the point that we are delivering the film projects that we have been so focused on, and look forward to recognizing revenue from these areas going forward. Now that we have gotten our first original National Lampoon production, 'National Lampoon’s Bag Boy' out to market, we will start to see the associated revenue. We are also now completing post-production of our second feature film 'National Lampoon’s Ratko, the Dictator’s Son', and moving towards production of our third. I’m excited as we look forward to seeing the financial results as we expand our film library and brand.”

Hopefully they will actually turn a profit this year; I'm hoping that the quality of their product will improve now, but only time will tell.

Source: Press Release