UK media concern Metrodome Group slashed its losses over the last financial year, largely driven by its UK release of US indie film Donnie Darko.

The company, which has been refocusing on distributing film and TV product, posted losses for the full year after taxation of $1.8m (£1.1m), almost a third of 2002's loss of $5.2m (£3.2m).

The company said that Donnie Darko had generated sales of more than $3.3m (£2m) so far. It also confirmed that its German parent, TV-Loonland, has raised its stake from 54% to 84%.