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Sony Pictures Home Entertainment Q2 Revenue Nearly Doubles Theatrical

Sony Pictures Home Entertainment Oct. 28 reported second-quarter (ended Sept. 30) revenue of $130 million, which was down 24% from revenue of $171 million during the previous-year period. The tally, based largely on catalog titles, nearly doubled Sony’s theatrical revenue of $66 million.

Since the pandemic began, Sony has shelved major theatrical releases, including sequel Venom: Let There Be Carnage, which wasn’t released until Oct. 1. The studio’s top-performing theatrical release in the quarter was thriller Escape Room: Tournament of Champions with $53 million at the global box office, followed by Don’t Breathe 2 with $50 million.

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Home entertainment’s lone new release, sci-fi actioner Monster Hunter, has generated a reported $12 million in packaged media sales since its March 2 release.

Overall, studio revenue increased 35% to $2.36 billion, from $1.75 billion, fueled by TV production and media networks, which skyrocketed revenues 65% and 48%, respectively.

Episodic customers include Netflix (“Atypical” and “Sex Education”); Peacock (“Beyond Salem”); Hulu (“Woke”); Amazon Prime Video (“The Boys”); and Pantaya (“De Brutas Nada”).

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