Netter Digital Entertainment Posts 2nd-Quarter Net Loss

Netter Digital Entertainment Inc., North Hollywood, reported a net loss for the second quarter ended Dec. 31, 1999, of $565,000 compared with net income of $77,000 for the second quarter the previous year. Revenues dropped to $3.6 million from $6.6 million. The loss in part reflected cost overruns on a computer-animated television project.

Netter acquires, develops and produces television series and movies and provides animation and post-production services to the entertainment industry.