MGM Studios Ups Q3 Home Entertainment Revenue 30%

MGM Studios Nov. 15 reported third-quarter (ended Sept. 30) home entertainment revenue of $21.8 million, which was up 30% from revenue of $16.9 million during the previous-year period.

The studio attributed the increase to digital sales of Tomb Raider and ongoing domestic home entertainment distribution of Death Wish and Every Day, plus continued distribution of library content.

Indeed, the Tomb Raider prequel rebootwith Alicia Vikander reprising Angelina Jolie’s Lara Croft character, has generated $12.6 million in combined DVD/Blu-ray Disc units sales since its June 12 release by Warner Bros. Home Entertainment, according to The-Numbers.com. The film is the 28th best-selling disc in 2018.

Death Wish, starring Bruce Willis in a remake of the classic 1973 revenge thriller that starred the late Charles Bronson, has sold $7.4 million in disc sales since its June 5 retail street date.

Home entertainment revenue for the prior-year’s quarter primarily included distribution of The Belko Experiment, The Magnificent Seven and library content.

In television programming, home entertainment and related revenue was $7.9 million, which was largely in line with $8 million in revenue last year. Revenue in each period was primarily driven by the strong retail performance of The Handmaid’s Tale (seasons 1 and 2).

The latter doesn’t include disc sales of season 2, which isn’t available until Dec. 4 from MGM Studios Home Entertainment.

Through nine months of the fiscal year, home entertainment movie revenue is up 16% to $78.1 million from $67.5 million last year. Revenue drivers included previously mentioned movie titles, in addition to ongoing revenue from Spectre, The Hobbit trilogy and additional library content.

Television program home entertainment revenue increased 26% to $26.9 million from $21.3 million last year – again driven by The Handmaid’s Tale.

MGM Studios Home Entertainment Revenue No ‘Death Wish’

Home entertainment sales of movies and TV shows has come back strong for MGM Studios.

The venerable studio Aug. 14 said second-quarter (ended June 30) global home entertainment revenue for film content topped $37.1 million, an increase of $18.2 million, or 97%, as compared to $18.9 million in revenue for the previous-year period.

Primary (physical and digital) drivers included the domestic home entertainment reboots of Death Wish, starring Bruce Willis, and Tomb Raider, featuring Alicia Vikander, plus ongoing distribution of library content. By comparison, home entertainment revenue for the prior-year quarter included distribution of Spectre, The Hobbit trilogy and other library content.

Home entertainment and other revenue for television content reached $8.5 million, up $3.8 million, or 79%, as compared to $4.7 million last year. The increase was primarily driven by the continued strong home entertainment performance of “The Handmaid’s Tale.”

Through the first six month of the year, worldwide home entertainment revenue for film content reached $56.3 million, an increase of $5.6 million, or 11%, as compared to $50.7 million for the six months ended June 30, 2017.

Home entertainment and other revenue for TV content was $19 million for the six months, an increase of $5.7 million, or 43%, as compared to $13.3 million last year.

Warner’s ‘Tomb Raider’ Heading to Home Video

Warner Bros. Home Entertainment will release Tomb Raider digitally May 29, and on Blu-ray, DVD, 3D Blu-ray and 4K Ultra HD Blu-ray June 12.

The latest adaptation of the popular video game franchise stars Alicia Vikander as the famous adventure-seeking heroine, who sets out to forge her own path as she investigates her father’s disappearance. The cast also includes Dominic West, Walton Goggins, Daniel Wu and Kristin Scott Thomas.

The film, which was directed by Roar Uthaug, earned $56.9 million at the domestic box office and $271.7 million worldwide.

The Blu-ray and DVD releases will include the making-of featurette “Tomb Raider: Uncovered.”

The Blu-ray versions will also include three additional featurettes: “Croft Training,” about Vikander’s physical preparation for the role; “Breaking Down the Rapids,” a dissection of an action scene with the filmmakers; and “Lara Croft: Evolution of an Icon,” about the history of the character.

The 4K and 3D discs will feature a Dolby Atmos soundtrack remixed specifically for the home theater environment. The 4K Blu-ray will also feature Dolby Vision HDR.