Among others, Loud's holdings included a film division and a clothing line.

In the end the film was canceled when the production company closed its film division.

The film division posted an 11 percent increase, to $122 million, primarily from television syndication sales.

But the company still has to prove that its film division is on the right track.

The animated film division was split off under the name Animafilm.

He was named president of Universal's film division in 1976.

Sales at the film division rose 14 percent, to $2.03 billion.

Warner said that the operating income of its film division rose 11 percent, to $39 million.

And while the film division turned in a stellar performance, hit films are difficult to forecast.

If not for losses in the film division, the figure would have been $55 million higher.