CD and DVD producer/distributor Genius Products said gross revenu...

due to what it called “unique expenses,” including “write down of obsolete products such as VHS tapes.” The firm said last week it plans to support the Universal Media Disc (UMD) format for Sony’s PlayStation Portable (PSP) and will release 4 children’s animated TV series on UMD as well as DVD, starting later this year, in a deal with BFC Berliner Film Companie Distribution. Titles: Adventurers - Masters of Time, Altair in Starland, Mission Odyssey and Shadow of the Elves. CEO Trevor Drinkwater said Genius plans to continue “exploration of emerging technologies” including digital streaming, pay- per-view and Video on Demand. Genius realigned its management in Q2, he said, making “dramatic improvements in our supply chain information systems and operations, completion of a significant acquisition, addition of proprietary and branded products and the beginning of 3 significant sales programs with major national retailers” that it didn’t name. In March, Genius acquired American Vantage Media and its Wellspring library, a move Drinkwater said “primarily” drove its significant revenue increase. Genius recently expanded its relationship with NBC and plans to release 2 New Line Home Entertainment titles under the Sundance Channel Home Entertainment Festival Favorites line, it said. Drinkwater said “we believe the future of the DVD business is extremely bright,” predicting “a solid 5% to 10% CAG [Compound Annual Growth] over the next 3 years.” He said “our main focus will continue to be on improving the fundamentals of our business model, while aggressively searching for proprietary content that we should be able to mine for years to come.”