ARUNDEL PARNTERS CASE STUDY

Question 4:

Studio/Movie US Theater Rentals Other Revenue Distribution Fees

MCA Universal
Parenthood 38.5 106.1 38.5
Born on the Fourth of July 28.4 81.4 29.2
Field of Dreams 23.5 69.7 24.8
Uncle Buck 23.3 69.3 24.7
Sea of Love 22 66.1 23.5
Always 15.4 50.1 17.4
K-9 14.3 47.5 16.4
The Burbs 13.3 45 15.5
The Dream Team 11.1 39.6 13.5
Do the Right Thing 10.2 37.6 12.7
Dad 8.3 32.9 11
Shocker 5.8 26.7 8.6
The Wizard 3.9 22.1 6.9
Renegades 3.2 20.6 6.3

TOTAL

Paramount Pictures
Harlem Nights 25.4 74.4 26.6
Pet Sematary 20.3 62 21.9
Balck Rain 19.3 59.4 20.9
Major League 16.6 52.9 18.5
Cousins 7.7 31.4 10.4
We're no Angels 3.9 22.1 6.9
Let it Ride 1.6 16.7 4.8
Shirley Valentine 1.6 16.7 4.8
Fat Man and Little Boy 1.1 15.3 4.3
The Experts 0 12.7 3.4

TOTAL

Sony Pictures Entertainment

Look Who's Talking 53.1 141.4 51.8
When Harry Met Sally 32.3 91 32.8
Steel Magnolias 30.8 87.4 31.5
See No Evil, Hear No Evil 15.7 50.8 17.7
The Bear 10.4 37.9 12.8
Glory 10 37 12.5
Look Up 6.2 27.7 9
Casualties of War 5.7 26.6 8.6
Chances Are 5 24.9 7.9
Family Business 4.6 23.9 7.6
She's Out of Control 4 22.4 7
Who's Harry Crumb 3.5 21.1 6.5
Adventures of Barron Munchausen 3 20 6.1
True Believer 2.9 19.6 6
Troop Beverly Hills 2.8 19.5 5.9
Tap 2.7 19.3 5.8
Deepstar Six 2.4 18.5 5.5
Johnny Handsome 2 17.6 5.2
Music Box 1.9 17.4 5.1
Immediate Family 1.6 16.7 4.8
Listen to Me 1.4 16.1 4.6
Physical Evidence 1.2 15.5 4.4
Old Gringo 1.1 15.3 4.3
Loverboy 1.1 15.3 4.3
Sing 0.7 14.4 4
Winter People 0.5 14 3.8
Welcome Home 0.3 13.5 3.6
Adventures of Milo and Otis 0.1 12.9 3.4
The Big Picture 0.1 12.9 3.4
Slaves of New York 0.1 12.9 3.4
Eat a Bowl of Tea 0.1 12.9 3.4
To Kill A Priest 0 12.7 3.4
Me and Him 0 12.7 3.4
Bloodhounds of Broadway 0 12.7 3.4

TOTAL

Twentieth Century Fox

The War of The Roses 31.9 90 32.5
The Abyss 22.1 66.3 23.5
Weekend at Bernie's 10.8 38.9 13.2
Say Anything 6.9 29.4 9.6
Skin Deep 6.5 28.6 9.3
The Fabulous Baker Boys 6.2 27.7 9
Millenium 1.8 17.2 5
Worth Winning 1.2 15.5 4.4
Gleaming the Cube 0.8 14.8 4.1
How I Got Into College 0.4 13.7 3.7
When the Whales Came 0 12.7 3.4

TOTAL

Warner Brothers
Batman 115.9 293.7 109.2
Driving Miss Daisy 38.9 107 38.9
Tango & Cash 23.2 68.9 24.5
Lean on Me 11.1 39.6 13.5
Her Alibi 7.1 29.9 9.8
Next of Kin 5.4 25.8 8.3
Pink Cadillac 5.2 25.4 8.1
Young Einstein 4.6 23.9 7.6
Dead-Bang 2.7 19.3 5.8
Dead Calm 2.5 18.9 5.7
Second Sight 1.9 17.4 5.1
See You in the Morning 1.7 16.8 4.9
In Country 1.2 15.7 4.5
Cookie 0.8 14.6 4.1
How To Get Ahead In Advertising 0.2 13.1 3.5
PowWow Highway 0.1 12.9 3.4
Bert Rigby, You're a Fool 0 12.7 3.4
Penn & Teller Get Killed 0 12.7 3.4
Checking Out 0 12.7 3.4

TOTAL

The Walt Disney Company

Honey I Shrunk The Kids 56 148.5 54.5
Dead Poets Society 37.3 103.1 37.4
The Little Mermaid 31 87.8 31.6
Turner & Hootch 27.2 78.6 28.2
Three Fugitives 14.3 47.3 16.4
An Innocent Man 8.1 32.3 10.7
Blaze 6.9 29.5 9.7
New York Stories 3.6 21.5 6.7
Gross Anatomy 3.5 21.3 6.6
Disorganized Crime 3.1 20.2 6.2
Cheetah 3.1 20.2 6.2

TOTAL
 Cash Flo

Distribution Expense Negative Cost Profit NPV 1

32.6 26.4 47.1 $22.50 0

26 23.7 30.9 $13.62 0
22.9 21.1 24.4 $10.26 0
22.8 19.8 25.3 $10.95 0
22 33 9.6 $0.11 0
17.7 40.9 -10.5 ($12.47) 0
17 15.8 12.6 $4.26 0
16.4 22.4 4 ($1.60) 0
14.9 19.8 2.5 ($2.09) 0
14.4 9.2 11.5 $4.54 0
13.1 25 -7.9 ($8.77) 0
11.5 7.9 4.5 $0.72 0
10.3 10.5 -1.7 ($3.19) 0
9.9 15.8 -8.2 ($7.65) 0

144.1 $31.19

24.1 39.5 9.6 ($0.78) 0

20.9 14.5 25 $11.52 0
20.2 39.5 -1.9 ($7.35) 0
18.4 15.8 16.8 $6.66 0
12.8 17.1 -1.2 ($3.84) 0
10.3 29 -20.2 ($16.36) 0
8.8 23.7 -19 ($14.92) 0
8.8 10.5 -5.8 ($5.52) 0
8.5 25 -21.4 ($16.48) 0
7.8 15.8 -14.3 ($11.15) 0

-32.4 ($58.23)

41.9 13.2 87.6 $47.52 0

28.5 25 37 $16.93 0
27.6 29 30.1 $12.41 0
17.9 23.7 7.2 $0.05 0
14.5 27.7 -6.7 ($8.45) 0
14.2 27.7 -7.4 ($8.85) 0
11.8 22.4 -9.3 ($9.20) 0
11.5 33 -20.8 ($17.27) 0
11 23.7 -12.7 ($11.32) 0
10.8 23.7 -13.6 ($11.85) 0
10.4 19.8 -10.8 ($9.70) 0
10 18.5 -10.4 ($9.28) 0
9.7 68.5 -61.3 ($45.39) 0
9.6 18.5 -11.6 ($9.97) 0
9.6 23.7 -16.9 ($13.73) 0
9.5 19.8 -13.1 ($11.00) 0
9.3 10.5 -4.4 ($4.73) 0
9.1 26.4 -21.1 ($16.51) 0
9 23.7 -18.5 ($14.64) 0
8.8 18.5 -13.8 ($11.22) 0
8.7 19.8 -15.6 ($12.44) 0
8.5 22.4 -18.6 ($14.51) 0
8.5 44.8 -41.2 ($30.58) 0
8.5 13.2 -9.6 ($8.08) 0
8.2 18.5 -15.6 ($12.26) 0
8.1 21.1 -18.5 ($14.27) 0
8 18.5 -16.3 ($12.65) 0
7.8 10.5 -8.7 ($7.18) 0
7.8 10.5 -8.7 ($7.18) 0
7.8 7.9 -6.1 ($5.33) 0
7.8 2.6 -0.8 ($1.56) 0
7.8 13.2 -11.7 ($9.30) 0
7.8 10.5 -9 ($7.37) 0
7.8 4 -2.5 ($2.75) 0

-273.4 ($281.68)

28.3 33 28.1 $10.70 0

22 59.3 -16.4 ($18.41) 0
14.7 13.2 8.6 $2.33 0
12.2 17.1 -2.6 ($4.62) 0
12 13.2 0.6 ($2.25) 0
11.8 17.1 -4 ($5.43) 0
9 19.8 -14.8 ($11.98) 0
8.5 17.1 -13.3 ($10.74) 0
8.3 14.5 -11.3 ($9.23) 0
 8 15.8 -13.4 ($10.61) 0
7.8 5.3 -3.8 ($3.67) 0

-42.3 ($63.92)

82.3 65.9 152.2 $77.10 0

32.8 10.5 63.7 $34.21 0
22.7 72.5 -27.6 ($26.67) 0
14.9 19.8 2.5 ($2.09) 0
12.4 26.4 -11.6 ($11.08) 0
11.3 15.8 -4.2 ($5.37) 0
11.2 25 -13.7 ($12.09) 0
10.8 5.3 4.8 $1.24 0
9.5 18.5 -11.8 ($10.08) 0
9.4 11.9 -5.6 ($5.62) 0
9 13.2 -8 ($7.17) 0
8.9 22.4 -17.7 ($14.01) 0
8.6 23.7 -19.9 ($15.45) 0
8.3 17.1 -14.1 ($11.21) 0
7.9 6.6 -4.7 ($4.36) 0
7.8 5.3 -3.5 ($3.48) 0
7.8 17.1 -15.6 ($12.07) 0
7.8 10.5 -9 ($7.37) 0
7.8 6.6 -5.1 ($4.60) 0

51.1 ($40.16)

43.8 29 77.2 $39.35 0

31.8 26.4 44.8 $21.18 0
27.7 26.4 33.1 $14.50 0
25.3 23.7 28.6 $12.29 0
17 22.4 5.8 ($0.57) 0
13 22.4 -5.7 ($7.14) 0
12.3 23.7 -9.3 ($9.40) 0
10.1 25 -16.7 ($13.80) 0
10.1 15.8 -7.7 ($7.37) 0
9.8 14.5 -7.2 ($6.90) 0
9.8 9.2 -1.9 ($3.13) 0

141 $39.02
Cash Flows PV Discount
12%
2 3 4

0 -97.5 144.6 47.238211329

0 -78.9 109.8 31.0133406045
0 -68.8 93.2 24.4993593733
0 -67.3 92.6 25.3968962347
0 -78.5 88.1 9.717149376
0 -76 65.5 -10.3824778075
0 -49.2 61.8 12.6720587517
0 -54.3 58.3 4.081581959
0 -48.2 50.7 2.5726349514
0 -36.3 47.8 11.5527084426
0 -49.1 41.2 -7.8238430197
0 -28 32.5 4.5415627338
0 -27.7 26 -1.6576072114
0 -32 23.8 -8.1497335315

Average 10.37656016

0 -90.2 99.8 9.7349064912

0 -57.3 82.3 25.0817814083
0 -80.6 78.7 -1.7772793039
0 -52.7 69.5 16.8764999778
0 -40.3 39.1 -1.1385878227
0 -46.2 26 -20.1256943568
0 -37.3 18.3 -18.9394506864
0 -24.1 18.3 -5.7622209394
0 -37.8 16.4 -21.3381942745
0 -27 12.7 -14.2560574085

Average -3.16442969

0 -106.9 194.5 87.7440813903

0 -86.3 123.3 37.1233069667
0 -88.1 118.2 30.2274693179
0 -59.3 66.5 7.2885070554
0 -55 48.3 -6.6151373574
0 -54.4 47 -7.3159028568
0 -43.2 33.9 -9.2325072187
0 -53.1 32.3 -20.7150978217
0 -42.6 29.9 -12.6327129621
0 -42.1 28.5 -13.5332852279
0 -37.2 26.4 -10.7413024561
0 -35 24.6 -10.3447243276
0 -84.3 23 -61.1593491755
0 -34.1 22.5 -11.5458414792
0 -39.2 22.3 -16.837002418
0 -35.1 22 -13.0440128015
0 -25.3 20.9 -4.3606899406
0 -40.7 19.6 -21.0338551333
0 -37.8 19.3 -18.4387954938
0 -32.1 18.3 -13.748420786
0 -33.1 17.5 -15.5465299133
0 -35.3 16.7 -18.5425690175
0 -57.6 16.4 -41.104038895
0 -26 16.4 -9.5585495006
0 -30.7 15.1 -15.5501723984
0 -33 14.5 -18.4460804641
0 -30.1 13.8 -16.2509378978
0 -21.7 13 -8.6652622052
0 -21.7 13 -8.6652622052
0 -19.1 13 -6.0697472551
0 -13.8 13 -0.7788898566
0 -24.4 12.7 -11.6605424584
0 -21.7 12.7 -8.9652000101
0 -15.2 12.7 -2.4764126347

Average -7.97633728

0 -93.8 121.9 28.2365348542

0 -104.8 88.4 -16.2375448151
0 -41.1 49.7 8.6605946323
0 -38.9 36.3 -2.5404223619
0 -34.5 35.1 0.6522363342
0 -37.9 33.9 -3.9416498202
0 -33.8 19 -14.7456333754
0 -30 16.7 -13.2517116191
0 -26.9 15.6 -11.2568311298
0 -27.5 14.1 -13.3554851428
0 -16.5 12.7 -3.7741701098

Average -3.77764387

0 -257.4 409.6 152.559102886

0 -82.2 145.9 63.8115490236
0 -119.7 92.1 -27.4126091024
0 -48.2 50.7 2.5726349514
0 -48.6 37 -11.5238347979
0 -35.4 31.2 -4.1454026122
0 -44.3 30.6 -13.6299255514
0 -23.7 28.5 4.8349744194
0 -33.8 22 -11.7462553264
0 -27 21.4 -5.5578610665
0 -27.3 19.3 -7.9569081951
0 -36.2 18.5 -17.6413896709
0 -36.8 16.9 -19.8400229521
0 -29.5 15.4 -14.0523046165
0 -18 13.3 -4.6717069712
0 -16.5 13 -3.4742323049
0 -28.3 12.7 -15.5538148836
0 -21.7 12.7 -8.9652000101
0 -17.8 12.7 -5.0719275849

Average 2.764992928

0 -127.3 204.5 77.3771986112

0 -95.6 140.4 44.935804524
0 -85.7 118.8 33.2232048817
0 -77.2 105.8 28.7112373399
0 -55.8 61.6 5.8834853417
0 -46.1 40.4 -5.6288522236
0 -45.7 36.4 -9.2287129633
0 -41.8 25.1 -16.6330978558
0 -32.5 24.8 -7.6490783389
0 -30.5 23.3 -7.1522174018
0 -25.2 23.3 -1.8613600033

Average 12.90705563