Alliance Atlantis Communications has made changes to its accounting policy that could cause the company to violate its bank covenants. An analyst explained that Alliance has announced a change in the way it will account for its CSI franchise. "It was concluded that the accounting treatment for the company's interest in the CSI franchise is joint venture accounting," Alliance said in a recent release. Alliance is Canada's largest movie production and distribution company and it produces the television show "CSI: Crime Scene Investigation" and "CSI: Miami." "What will change is strictly the timing of earnings recognition, which will be reduced for past years and increased in future years," the company added.
August 10, 2003
