November 16, 2018
Paramount Home Media Distribution Nov. 16 reported fourth-quarter (ended Sept. 30) revenue of $157 million – down 17% from revenue of $190 million from the previous-year period.
Domestic revenue from sales of physical and digital movies and TV shows reached $103 million, compared to $118.5 million last year. International sales totaled $54 million, down 22% from $65.9 million in the previous-year period.
The studio attributed the drop in part to timing of releases and product mix.
Indeed, Book Club, starring Jane Fonda, Diane Keaton, Candice Bergen and Mary Steenburgen, has generated $6.8 million in combined DVD, Blu-ray Disc sales since its Aug. 28 retail release. The title ranks just 54thin sales in 2018, according to The-Numbers.com.
A Quiet Place, the top-performing theatrical horror/thriller in the past decade, ranks 25thon the year with $12.6 million in disc sales.
By comparison, top home entertainment releases in 2017 included Star Trek Beyond, Jack Reacher: Never Go Back and Arrival, among others.
Mission: Impossible – Fallout, Paramount’s top-performing theatrical title of 2018 – and highest grossing title in the franchise – doesn’t reach retail shelves until Dec. 4.
For the fiscal year, Paramount Home Media Distribution sales topped $622 million – down about 27% from $849 million last year.