MGM reports Q1 profits thanks to James Bond

James Bond has always been key to MGM's portfolio, but the previously struggling film giant got a big boost in revenue during the first three months of 2013, thanks to 007.

HMSS report that MGM CEO Gary Barber reported a profit of $57 million on revenue of $482 million for Q1, 2013.

They also released some 'Skyfall' home release figures: 9 million copies of the DVD/Blu-Ray etc were sold worldwide, of which 5.5 million were outside of the USA. The Bond 50 box set remains popular, with a total of 600,000 copies sold to date.

Unlike on previous investor calls Barber was apparently quiet about the proceedings on Bond 24. Previously he had explained that John Logan was indeed writing Bond 24 and Bond 25.

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