Film slowdown hits Megalomedia
Friday 28 August 1998
The company's core subsidiaries Forward Publishing and effects production company Framestore - which is famed for its work in the James Bond film Tomorrow Never Dies and summer blockbuster Lost in Space, - were still performing "well up to expectations," it said. But CFC, Megalomedia's film special effects unit, had experienced a fall in orders. The London- based company said its profits would be significantly lower in the half ending 30 September compared with the same period last year. Trading and profitability in the second half would be stronger, but the results for the full year would probably be down on last year, it said.
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