Lionsgate Posts 10% Drop in Q2 Home Entertainment Revenue

Lionsgate Nov. 8 reported second-quarter (ended Sept. 30) home entertainment revenue of $149.6 million from the sales of DVD/Blu-ray Disc and electronic sellthrough of movies, which is down 10% from revenue of $165.7 million during the previous-year period.

Home entertainment sales of television content topped $28.6 million, down about 5% from $29.9% last year.

Through the first six months, home entertainment sales of movies are down 22% to $312.3 million from $399.7 million last year. TV revenue declined 36% to $46.7 million from $72.5 million.

Top-selling titles include Wonder, which as sold $23.3 million in 1.5 million combined DVD/Blu-ray Disc units, and I Can Only Imagine, selling $20.3 million via 1.2 million discs, according to The-Numbers.com.

Motion picture segment quarterly revenue decreased 2% to $379 million. Segment profit increased 45% to $12.9 million, reflecting strong ancillary performance of previously-released theatrical titles.

TV production revenue fell 28% to $152.1 million from $211.2 million last year.

For the fiscal year, motion picture revenue dropped nearly 14% to $744.3 million from $858 million. TV revenue fell 8% to $431.5 million from $472.4 million.

 

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