May 24, 2018
Spurred by packaged media and digital revenue from Oscar-winner La La Land, Power Rangers, Tyler Perry’s Boo 2! A Madea Halloween, and Wonder, Lionsgate reported a $67 million increase in home entertainment revenue for the 2018 fiscal year, ended March 31.
Revenue rose 9.5% to $774 million, which included $400 million from DVD and Blu-ray Disc, compared with revenue of $707 million ($404 million) during the previous-year period.
In fiscal 2018, Lionsgate shipped about 65 million DVD/Blu-ray units.
Digital media, which includes electronic sellthrough, transactional VOD and pay-per-view, generated $374 million in the period, compared to $304 million in the prior fiscal year.
Indeed, Lionsgate motion picture segment generated 42.5% of its fiscal year revenue from home entertainment; 25.1% from international; 15.4% from theatrical; 15.3% from TV and 1.7% from other sources.
The studio/distributor said four of its theatrical releases debuted No.1 on weekly DVD/Blu-ray sales charts. La La Land and Power Rangers held the top spot for two consecutive weeks, while Tyler Perry’s Boo 2! A Madea Halloweenand Wonder held onto the No. 1 spot for one week.
Lionsgate had an approximate 11% market share for home entertainment, making it the No. 5 studio in market share overall.
In calendar 2017, Lionsgate said it maintained a box office-to-home entertainment conversion rate of 18% above the industry average, leading all major studios.
Box office-to-home entertainment conversion rate is calculated as the ratio of the total of both DVD revenue and total digital platform revenue for a theatrical release compared to the total North American box-office revenue from a theatrical release.