Sony Pictures Home Entertainment Posts Flat Q2 Revenue

Sony Pictures Home Entertainment Oct. 30 reported second-quarter (ended Sept. 30) revenue of $159 million, down less than 2% from $162 million during the previous-year period.

Through the year-to-date fiscal year, home entertainment revenue is up nearly 9% to $393 million compared to $361 million last year.

Releases in the quarter included The Leisure Seeker, The Good Doctor: Season 1, The Blacklist: Season 5, Superfly andFraggle Rock: The Complete Series. Releases in the previous-year period included Smurfs: The Lost Village, Resident Evil: Vendetta, The Blacklist: Season 4, Rough NightandStarship Troopers: Traitor of Mars.

Top-selling SPHE discs in 2018 remain Jumanji: Welcome to the Jungle with $56.7 million in revenue via more than 2.5 million combined DVD/Blu-ray Discs units sold; Peter Rabbit($17.4 million) through 932,000 discs, and Spider-Man: Homecoming($8.2 million, 630,000), according to The-Numbers.com.

Overall, Sony Pictures posted operating income of $23.5 million on revenue of $241 million. That compared to operating income of $7.7 million on $244 million during the previous-year period.

Theatrical revenue declined due to year-over-year comparisons with Spider-Man: Homecomingin the previous-year quarter.

The studio is projecting operating income of $50 million on revenue of $1 billion for the fiscal year, ending March 31, 2019. That’s up from $44 million and $990 million in revenue during the previous (July) projection.

Sony generated $41.1 million in operating incomes on $1.01 billion in revenue in fiscal-year 2017.

 

 

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