In July 2005, GoodTimes filed for bankruptcy and its assets were then sold to Gaiam. ![]() Most of these were credited to Film Shows, Inc. In addition, GoodTimes released several compilations assembled from public domain films, film trailers, earlier television programs and newsreels. This company was sold to the French game publisher Infogrames in 1999.Īt different times, GoodTimes contracted with Columbia Pictures, NBC, HBO, Worldvision Enterprises, Hanna-Barbera, Orion Home Video, Universal Pictures and Paramount Pictures to release inexpensive tapes of many of their films and TV series. Įxpanding from home video distribution, GoodTimes founded its spin-off, GT Interactive Software as a way to distribute video games. In the 1990s they expanded the company into GT Publishing, a division of the company that published children's books under the Inchworm Press imprint. That year, Goodtimes and Kids Klassics merged their distribution arms to form a single entry Goodtimes/Kids Klassics Distribution Corp., which was a new sales and marketing company, will continue to offer a mass selection of sell-through titles to the market below the $9.95 retail, and the new company will benefit from the impact of combining the distribution and the consumer base of the two companies. This was followed in 1987 by signing a deal with major video distributor MCA Home Video to license these titles to videocassette, mainly the Universal Pictures catalog for a price of $15. The company made its first licensed client in 1986, by signing a deal with Worldvision Home Video to reissue titles on videocassette, through the Kids Klassics label, which was mostly on Hanna-Barbera cartoons. ![]() The first Kids Klassics videos were 52 different cartoons, which were all meant to be in color and received a 50-50 joint venture with Remco to market the Mel-O-Toons cartoons by Storer Broadcasting. Īt the Summer CES 1985, GoodTimes launched a home video label Kids Klassics Home Video, which was specifically designed for a children's audience. Despite these changes, however, GoodTimes continued to produce animated films based on public domain "knockoff" titles. Īs a result of this lawsuit, GoodTimes was required by law to print its name atop all of its future VHS covers, in order to clearly demonstrate to the public at large that this was not the " blockbuster" title that they would be purchasing. The Walt Disney Company sued GoodTimes in 1993 because the videotape packaging closely resembled Disney's, allegedly creating the potential of confusing consumers into unintentionally purchasing a GoodTimes title, when they instead meant to purchase a film from Disney. This was largely legal, as the stories of the big-budget films were based on folk tales that had long been in the public domain, and the major studios had little room to claim exclusive rights to the stories or the main characters. Many of its home-video titles-such as Aladdin, Beauty and the Beast, Pinocchio, Sinbad, The Little Mermaid, The Three Musketeers and Thumbelina-were named similarly or identically to big-budget animated films from other studios (though their plots were sometimes very different), and GoodTimes would often release these films close to the theatrical/home-video releases of other studios. Though the company also produced and distributed many low-priced fitness videos, its most recognized line of products were the series of low-budget traditionally animated films from companies such as Jetlag Productions, Golden Films, and Blye Migicovsky Productions, as well as a selection of the works of Burbank Films Australia. Not only does Tesla expect vehicle production to grow 50% this year, but management also expects the company to average 50% annualized growth for the foreseeable future.GoodTimes began with the distribution of copies of public domain titles. While a P/E of close to 100 might seem too expensive at first glance, investors should realize that when they buy shares today, they are getting in on a very fast-growing company. Furthermore, over the past 12 months, its P/E has fallen 85% even though the stock is actually up 15% over this period. Today, Tesla has a P/E of just below 100, down about 55% year to date. Thanks to the electric car company's soaring earnings recently, its P/E has actually come down much faster than its stock price. Tesla stock valuation: Buy, sell, or hold? It finished the quarter with $18 billion in cash, cash equivalents, and short-term marketable securities. Tesla is also well positioned for a potential recession. Free cash flow for the quarter was $2.2 billion, up from $619 million in the year-ago quarter. Revenue jumped 81% year over year to $18.8 billion, and earnings soared 658% to $3.3 billion. Importantly, a big jump in deliveries and recent price hikes for its products are translating to strong financials for the company.
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