Sony Ups Q3 Home Entertainment Sales

Sony Pictures Home Entertainment Feb. 2 reported third-quarter (ended Dec. 31, 2017) revenue of $331 million, which was up $3 million from revenue of $328 million during the previous-year period.

Through nine months of the fiscal year, revenue topped $692 million compared to $764 million during the previous-year period.

Top 10 titles released in the quarter included Baby Driver, Spider-Man: Homecoming, The Emoji Movie, The Dark Tower, Jungle,  All Saints and Flatliners.

Spider-Man: Homecoming remains SPHE’s top-selling title, generating $42.5 million on sales of more than 2.2 million combined Blu-ray Disc and DVD units, according to The-Numbers.com.

The Emoji Movie generated $12.5 million on 703,000 discs, in addition to Baby Driver with $12.9 million on 584,000 discs.

The results do not include 4K UHD Blu-ray or digital sales.

The studio also released House of Cards: Season 5, The Crown: Season 1 and Preacher: Season 2. Sony Pictures Television produces the series for original distributors Netflix and AMC Networks, respectively.

Overall, Sony Pictures Entertainment reported operating income of $95.1 million on revenue of $2.3 billion, compared to an operating loss of $968 million on revenue of $2 billion during the previous-year period.

Last year’s period included an impairment charge of $1 billion, which the studio attributed in part to the 1989 acquisition of Columbia Pictures.

Sony said theatrical revenue was driven by Jumanji: Welcome to the Jungle, television sales of the second season of “The Crown” to Netflix – offset in part by lower home entertainment catalog sales.

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