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Lionsgate Q3 Home Entertainment Revenue Declines 27% Due to Fewer Releases

Lionsgate Feb. 3 reported third-quarter (ended Dec. 31, 2021) home entertainment revenue of $159.4 million, down almost 28% from revenue of $220.6 million in the previous-year period. Home entertainment includes sales of Lionsgate-produced movies and TV shows across physical and digital formats.

Motion picture retail sales topped $144.9 million, which included $31.3 million in combined DVD/Blu-ray Disc and 4K UHD Blu-ray titles. That compared with $159.5 million in sales, including $36.4 million in physical media in the previous-year period.

TV show revenue topped just $14.1 million in the quarter, including $1.7 million on disc. That compared with revenue of $61.1 million, and $3.1 million on disc.

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Lionsgate said the 9.2% revenue decrease in movie retail sales was due to lower digital-media revenue of $15.3 million in Lionsgate’s movie category, driven by fewer releases. In particular, the current quarter included revenue from the release of The Protégé, which compared to revenue in the prior year’s quarter from the initial release on a streaming platform of Run and from the premium video-on-demand (PVOD) release of Antebellum.

TV content sales decreased $46.6 million due to significant digital media revenue in the prior year’s quarter for season six o “Power” and the second syndication license of “Mad Men” seasons one to seven.

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