August 14, 2018
Home entertainment sales of movies and TV shows has come back strong for MGM Studios.
The venerable studio Aug. 14 said second-quarter (ended June 30) global home entertainment revenue for film content topped $37.1 million, an increase of $18.2 million, or 97%, as compared to $18.9 million in revenue for the previous-year period.
Primary (physical and digital) drivers included the domestic home entertainment reboots of Death Wish, starring Bruce Willis, and Tomb Raider, featuring Alicia Vikander, plus ongoing distribution of library content. By comparison, home entertainment revenue for the prior-year quarter included distribution of Spectre, The Hobbit trilogy and other library content.
Home entertainment and other revenue for television content reached $8.5 million, up $3.8 million, or 79%, as compared to $4.7 million last year. The increase was primarily driven by the continued strong home entertainment performance of “The Handmaid’s Tale.”
Through the first six month of the year, worldwide home entertainment revenue for film content reached $56.3 million, an increase of $5.6 million, or 11%, as compared to $50.7 million for the six months ended June 30, 2017.
Home entertainment and other revenue for TV content was $19 million for the six months, an increase of $5.7 million, or 43%, as compared to $13.3 million last year.