Jennifer Lopez and Josh Duhamel in Lionsgate's Shotgun Wedding
Lionsgate Ups Q3 Home Entertainment Revenue 15%
February 9, 2023
Lionsgate Feb. 9 reported home entertainment movie revenue of $166.7 million for the third quarter (ended Dec. 31, 2022). That was up 15% from revenue of $144.9 million during the previous-year period. Home entertainment includes sales of DVD, Blu-ray Disc, transactional digital sales and rentals, and premium VOD (PVOD) and premium electronic sellthrough (PEST).
Digital movie sales revenue tallied $147.4 million, up almost 30% from revenue of $113.6 million during the previous-year period. Packaged-media sales revenue totaled $19.3 million, down almost 38% from revenue of $31.3 million a year ago.
Through nine months of the fiscal year, movie retail revenue declined 4% to $433.8 million, from revenue of $452 million during the previous nine-month period.
Retail sales of Lionsgate TV shows skyrocketed 813% to $132.5 million, from $14.5 million in the previous-year period. Digital sales totaled $131.2 million, up 900% from $12.8 million a year ago. Packaged-media revenue declined more than 23% to $1.3 million, from $1.7 million during the previous-year period.
Through nine months, digital TV retail sales topped $205.1 million, up 290% from revenue of $70.6 million during the previous period. Packaged-media sales dropped 47% to $2.7 million, from $5.1 million a year earlier.
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Home entertainment revenue increased $21.8 million, or 15%, in the three months ended Dec. 31, 2022, as compared to the three months ended Dec. 31, 2021, due to higher digital media revenue of $33.8 million, and lower packaged-media revenue of $12 million driven by Lionsgate Original Releases. Lionsgate said the the increase in home entertainment digital media revenue was due to an increase of $36.7 million from Lionsgate Original Releases driven by the license of Shotgun Wedding to Amazon Prime Video in the current quarter. The decrease in packaged-media revenue was due to a decrease of $7.9 million from Lionsgate Original Releases due to lower revenue from the studio’s fiscal 2022 and prior theatrical slates.