Sony Pictures Ups Q1 Home Entertainment Revenue 17%

Sony Pictures Home Entertainment July 31 reported first-quarter (ended June 30) revenue of $234 million, up 17.5% from revenue of $199 million during the previous-year period.

The studio attributed the increase to sales of new releases and catalog titles, including Jumanji: Welcome to the Jungle and Spider-Man: Homecoming.

The two titles have generated nearly $60 million in combined DVD/Blu-ray Disc revenue this year, with Jumanji the fourth best-selling release of the year thus far, according to The-Numbers.com.

SPHE’s top-selling new releases in the quarter based on DVD, Blu-ray Disc and digital revenue (electronic sellthrough and VOD distributed on cable, broadcast, satellite and digital platforms, as well as hotel pay-per-view), included: Insidious: The Last Key, Golden Exits, All the Money in the World, Proud Mary, Outlander: Season 3, Film Stars Don’t Die in Liverpool, Peter Rabbit, A Fantastic Woman, Loveless and Paul, Apostle of Christ.

Indeed, Peter Rabbit has generated revenue $11.1 million on sales of 607,000 combined DVD/Blu-ray discs. Outlander: Season 3 has generated revenue of $6.1 million on sales of 189,000 discs, while Insidious: The Last Key has generated $3.3 million on 174,000 discs.

Home entertainment releases in the current quarter (ending Sept. 30) include Finding Your Feet, The Leisure Seeker, Final Portrait, The Good Doctor: Season 1, The Blacklist: Season 5 and Superfly.

Television production revenue increased slightly to $267 million from $265 million last year. Theatrical revenue dropped nearly 27% to $95 million from $129 million last year.

Overall, Sony Pictures Entertainment narrowed its operating loss to $69.6 million on revenue of $1.6 billion. That compared to an operating loss of $85.4 million on revenue of $1.85 billion last year.

 

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