Sequels from successful movie franchises are working for Cineplex Entertainment.

The Canadian exhibition giant on Thursday said second quarter revenues for the three months to June 30 rose 7% to $258.4 million, as Cineplex screened Hollywood performers like Pirates of the Caribbean: On Stranger Tides, Hangover 2 and Fast Five.

Media is up for the quarter, moving to $22.4 million, from $19.32 million, a jump of 16% from the same period in 2010. The increase is primarily due to a rise in Cineplex Digital Media revenues, which came in at $2.8 million.

At the same time, Cineplex’s profit line shrank to $13.4 million, from a year-earlier $22.2 million, as it recorded one-time charges and a higher income tax expense.

Cineplex’s box office revenue rose 5.2% to $151 million.

The chain said 17.2 million Canadians came through its turnstiles during the latest quarter, up 3.8% from year-earlier levels.

From Playback Daily