Martin Lawrence’s Losses Mount in 1st Quarter
- Share via
Martin Lawrence Limited Editions Inc., the long struggling Van Nuys art company, posted a wider loss in its first quarter, despite a 27% rise in revenues.
The company, which operates a chain of art galleries, posted a net loss of $1.2 million in the quarter that ended March 31, compared to a loss of $927,000 a year earlier. Total revenue in the latest quarter was $5.5 million, up from $4.3 million last year.
Since March, the company has reduced its corporate headquarters staff by 15% to help cut costs.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
