Six years after its inception, Condé Nast Entertainment (CNE), the video division of the global publisher, is set to turn a profit this year from producing TV shows and making film adaptations of magazine articles. The company, which has eight film and TV projects in production, will continue to adapt films from its publications, according to CNE president Dawn Ostroff, and will finance development to get projects greenlit, but will also earn revenue as a producer and take a slice of any back-end profits. CNE's digital division started making a profit last year.
Six years after its inception, Condé Nast Entertainment (CNE), the video division of the global publisher, is set to turn a profit this year from producing TV shows and making film adaptations of magazine articles. The company, which has 65 film and TV projects in production, will continue to adapt films from its publications, according to CNE president Dawn Ostroff, and will finance development to get projects greenlit, but will also earn revenue as a producer and take a slice of any back-end profits. CNE's digital division started making a profit last year.