Sony Ups Q4 Home Entertainment Revenue

Sony Pictures Home Entertainment April 27 reported fourth-quarter (ended March 31) revenue of $290 million, which was up nearly 6% from revenue of $274 million during the previous-year period.

For the fiscal year, revenue dipped 5% to $982 million from $1 billion in the previous year.

Lone home entertainment release in the quarter – box office hit, Jumanji: Welcome to the Jungle– was released just 11 days before the end of the quarter.

Top-selling discs in the quarter included Spider-Man: Homecoming, which generated $1.7 million in combined DVD/Blu-ray Disc unit sales, according to The-Numbers.com. The title has generated $50 million in disc sales since its Oct. 17, 2017 retail release.

Baby Drivergenerated $16.7 million, while Josh Brolin’s forest fire bio-pic, Only the Brave, generated $5.6 million, and animated movie, The Star, generated $4.7 million.

Overall, theatrical revenue in the quarter increased 7% to $1.35 billion from $1.26 billion last year. Fiscal year revenue increased 8% to $4 billion from $3.7 billion.

Operating income for the fiscal year bounced back into the black at $841 million compared to a $962 million loss last year following an impairment charge.

 

 

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