| Business Summary | | Planet
Entertainment
Corp.
is
currently
involved
in
various
areas
of
the
recorded
music
industry.
The
Company's
principal
business,
primarily
through
its
wholly-owned
subsidiary,
NEOS,
is
the
wholesale
distribution
of
pre-recorded
music
in
the
form
of
compact
diskettes
(CDs),
cassette
tapes,
and
other
entertainment
related
products
such
as
video
tapes,
Digital
Video
Diskettes
(DVDs)
and
music
or
entertainment
related
apparel,
such
as
t-shirts.
The
Company's
business
activities
also
include,
to
a
lesser
extent,
the
acquisition,
licensing,
production,
marketing
and
distribution
of
high
quality
recorded
music
from
the
catalog.
Through
NEOS,
the
Company
distributes
approximately
140,000
front-end
titles
of
pre-recorded
music
to
independent
record
stores,
college
bookstores
and
mass
merchants.
Generally,
front-end
titles
are
popular,
current,
re-recorded
music
titles. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Planet
Entertainment
is
a
diversified
entertainment
company
specializing
in
music
production,
wholesale
distribution
and
marketing
of
front
line
music,
video
and
DVD
titles
as
well
as
its
proprietary
CD
compilation
albums.
For
the
nine
months
ended
5/31/01,
revenues
rose
11%
to
$27.7
million.
Net
loss
from
continuing
operations
applicable
to
Common
totaled
$3.4
million
vs.
an
income
of
$118
thousand.
Results
reflect
the
addition
of
new
One
Stop
customers,
offset
by
reduced
operating
margins. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| John Arnone, 43 Pres,
CEO, Director | $144K | Scott Stewart, 42 CFO | 72K | Ronald Nicks, 47 Pres,
CEO, Northeast One Stop, Inc. | 150K | Louis DelSignore, 62 Director
and Chairman, Northeast One Stop, Inc. | 52K | Dollar
amounts are as of 31-Aug-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|