No Releases: Sony Pictures Q1 Home Entertainment Revenue Plummets

Sony Pictures Home Entertainment Aug. 4 reported first-quarter (ended June 30) revenue of $138 million, which was down 57% from revenue of $319 million during the previous-year period.

With Sony delaying the bulk of its theatrical releases to later in the year and into 2022, the studio’s retail channels have been wanting for digital and physical media. Sony’s lone box office hit, Peter Rabbit 2: The Runaway, was released theatrically in the U.S. on June 11. The title’s DVD/Blu-ray Disc launch date is Aug. 24.

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The sequel is available on PVOD for $19.99, and $27.99 in a digital bundle with the original on select platforms. Rental access is available on Aug. 24.

Peter Rabbit 2 is the top-selling home entertainment movie release in the United Kingdom for the second consecutive week through Aug. 4 — thanks to digital sales.

Sony’s other theatrical releases in the quarter included Screen Gems’ The Unholy, which generated $16 million at the domestic box office, and Stage 6 Films’ Here Today, which generated $3 million at the North American box office.

For the quarter, the studio took in $69 million in total theatrical revenue, compared with just $6 million in the previous-year period undermined by the pandemic. Television production revenue increased 86% to $481 million, from $258 million.

Total film revenue increased 20% to $727 million, from $604 million in the previous-year period.

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