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Sister Doubles Turnover To $264M As Big-Budget Projects Bear Fruit, But Profit Remains In The Red
Sister full year results: turnover at the Good Grief and The Power producer doubled in 2023 but is expected to dip in 2024.
EXCLUSIVE: The delivery of big-budget projects including The Power and Dan Levy movie Good Grief led Sister to double turnover in 2023 to $264M, although profit remained stubbornly in the red. With the impact of the U.S. strikes being realized, Sister anticipates a dip in turnover in 2024 but is hopeful that the “level of production activity in subsequent years” will “further increase”, with greater opportunities for diversified revenue “geographically and by genre.” “We saw major milestones throughout the entire Sister group of best-in-class entertainment businesses – from hit feature films to award-winning documentaries, premium podcasts, and leading IP in publishing, graphic novels, and technology.”
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