Lionsgate Q3 Home Entertainment Revenue Surges

Adding to Lionsgate’s strong studio fiscal showing, home entertainment revenue surged almost 30% in the third quarter ended Dec. 31, 2019.

Sales of Lionsgate digital, DVD and Blu-ray Disc movies resonated during the winter holidays — notably Keanu Reeves’ lastest antihero franchise installment John Wick: Chapter 3 — Parabellum.

The title finished 2019 as the ninth best-selling combined DVD/Blu-ray Disc release with more than 2 million units sold.

Home entertainment revenue almost reached $191 million, which was up 27.5% from revenue of $150 million during the previous-year period. Through nine months of the fiscal year, revenue tops $509 million, up 10.1% from $462 million through the previous-year period.

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Packaged-media revenue from movies increased 10.8% to $75.4 million, from $68 million a year ago. Digital revenue skyrocketed 41.3% to $115.5 million, from $81.7 million.

Home entertainment revenue from television content dropped 21% to $10.6 million, from $13.4 million. Through nine months, revenue is down 17% to $50 million, from $60 million in 2018.

Lionsgate reported the quarter included “significant” digital media revenue, and to a lesser extent, packaged-media revenue from Angel Has Fallen and Rambo: Last Blood, in addition to John Wick. Home entertainment revenue from other titles increased $8.1 million driven by current quarter home entertainment revenue from The Peanut Butter Falcon and Judy.

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Lionsgate CFO James Barge

CFO Jimmy Barge attributed the strong home entertainment quarter to “over-converting” Lionsgate’s box office action titles at retail. He said consumers are format agnostic when it comes to consuming Rambo, Angel Has Fallen and John Wick at the box office, packaged media and digital.

“What I would say is it’s not only a really strong strategy, it’s one that is fairly unique to us and we’re winning at it, and we’re going to continue to do that,” Barge said on the Feb. 6 fiscal call.

 

‘Angel Has Fallen’ Remains Atop Redbox Charts

Lionsgate’s Angel Has Fallen remained No. 1 on Redbox’s kiosk disc rental and On Demand charts the week ended Dec. 8.

The Redbox disc rental chart tracks DVD and Blu-ray Disc rentals at the company’s more than 40,000 red kiosks. The Redbox On Demand chart tracks digital transactions, including both electronic sellthrough and streaming rentals.

The thriller Ready or Not, from 20th Century Fox, debuted at No. 2 on both charts. The film earned $28.7 million at the domestic box office.

Universal’s Good Boys remained at No. 3 on both charts.

Paramount’s Dora and the Lost City of Gold slid to No. 4 on the disc rental chart and No. 5 on the On Demand chart.

Universal Pictures’ Fast & Furious Presents: Hobbs & Shaw slipped to No. 5 on the disc chart and No. 4 on the digital chart.

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Other newcomers on the disc rental chart include Paramount’s Killerman at No. 8 and Warner’s The Goldfinch at No. 9.

Top DVD and Blu-ray Disc Rentals, Redbox Kiosks, Week Ended Dec. 8:

  1. Angel Has Fallen — Lionsgate
  2. Ready or Not — Fox
  3. Good Boys — Universal
  4. Dora and the Lost City of Gold — Paramount
  5. Fast & Furious Presents: Hobbs & Shaw — Universal
  6. The Lion King — Disney
  7. The Kitchen — Warner
  8. Killerman — Paramount
  9. The Goldfinch — Warner
  10. Toy Story 4 — Disney

 

Top Digital, Redbox On Demand, Week Ended Dec. 8:

  1. Angel Has Fallen — Lionsgate
  2. Ready or Not — Fox
  3. Good Boys — Universal
  4. Fast & Furious Presents: Hobbs & Shaw — Universal
  5. Dora and the Lost City of Gold — Paramount
  6. The Kitchen — Warner
  7. The Peanut Butter Falcon — Lionsgate
  8. Don’t Let Go — Universal
  9. 47 Meters Down: Uncaged — Lionsgate
  10. Jumanji: Welcome to the Jungle — Sony Pictures

 

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Angel Has Fallen

BLU-RAY REVIEW:

Lionsgate;
Action;
Box Office $69.03 million;
$29.95 DVD, $39.99 Blu-ray, $42.99 UHD BD;
Rated ‘R’ for violence and language throughout.
Stars Gerard Butler, Morgan Freeman, Jada Pinkett Smith, Lance Reddick, Tim Blake Nelson, Nick Nolte, Danny Huston.

The unassuming “Fallen” action franchise becomes a trilogy in Angel Has Fallen, which continues the adventures of Gerard Butler as Mike Banning, the secret service agent who thwarts a massive conspiracy against the American presidency every few years.

After stopping terrorist takeovers of the White House in 2013’s Olympus Has Fallen, and an attack on world leaders in London in 2016’s London Has Fallen, Banning finds himself framed for an assassination attempt that leaves President Trumbull (Morgan Freeman) in a coma and the vice president (Tim Blake Nelson) threatening war with Russia.

Taking on a bit of the flavor of The Fugitive, the plot has Banning under pursuit by a diligent FBI agent (Jada Pinkett Smith), so he goes off the grid and enlists the help of his estranged father, a kooky doomsday prepper living in a rustic cabin in the backwoods of West Virginia. Nick Nolte steals the movie as Mike’s dad, committing full tilt to the role of the crazy-eyed former soldier with no trust of government or technology (Nolte in the bonus materials discusses growing his beard out for a full year to prepare for the part).

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The film offers some decent action sequences in service of a mystery plot that is easy to predict a mile away, despite the film’s efforts to obfuscate the inevitable with the early reveal of an obvious middle-man. The screenplay also sidesteps the 25th Amendment to further its plot mechanics, which could prove to be a minor annoyance to viewers to politically savvy viewers. But there’s really only so much brainpower a movie like this can be expected to deploy.

The Blu-ray includes six behind-the-scenes featurettes that run about 70 total minutes. These cover pretty much all the aspects of the production, from the casting to the stunts to re-creating Washington, D.C., and rural Virginia in England and Bulgaria.

Director Ric Roman Waugh also offers an eight-and-a-half-minute mini-commentary for three scenes in the film, including the drone attack on Trumbull and a lengthy truck chase, plus a humorous post-credits scene.

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‘Angel Has Fallen’ Ascends to Top of Redbox Charts

Lionsgate’s Angel Has Fallen debuted at No. 1 on Redbox’s kiosk disc rental and On Demand charts the week ended Dec. 1.

The Redbox disc rental chart tracks DVD and Blu-ray Disc rentals at the company’s more than 40,000 red kiosks. The Redbox On Demand chart tracks digital transactions, including both electronic sellthrough and streaming rentals.

Angel Has Fallen is the third film in the “Fallen” trilogy featuring Gerard Butler as a U.S. Secret Service agent who fights off terrorists threats against the American presidency — following 2013’s Olympus Has Fallen and 2016’s London Has Fallen. The actioner earned $69 million at the domestic box office.

Paramount’s Dora and the Lost City of Gold slid to No. 2 on the disc rental chart and No. 4 on the On Demand chart.

Universal Pictures’ Fast & Furious Presents: Hobbs & Shaw slipped to No. 3 on the disc chart but rose to No. 2 on the digital chart.

The previous week’s top digital title, Universal’s Good Boys, dropped to No. 3 on the On Demand chart and No. 4 on the disc rental chart.

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The No. 5 rental was Disney’s photorealistic remake of The Lion King.

The No. 5 On Demand title was Lionsgate’s The Peanut Butter Falcon.

Warner’s The Kitchen was No. 6 on both charts.

Top DVD and Blu-ray Disc Rentals, Redbox Kiosks, Week Ended Dec. 1:

  1. Angel Has Fallen — Lionsgate
  2. Dora and the Lost City of Gold — Paramount
  3. Fast & Furious Presents: Hobbs & Shaw — Universal
  4. Good Boys — Universal
  5. The Lion King — Disney
  6. The Kitchen — Warner
  7. The Angry Birds Movie 2 — Sony Pictures
  8. Toy Story 4 — Disney
  9. Scary Stories to Tell in the Dark — Lionsgate
  10. 47 Meters Down: Uncaged — Lionsgate

 

Top Digital, Redbox On Demand, Week Ended Dec. 1:

  1. Angel Has Fallen — Lionsgate
  2. Fast & Furious Presents: Hobbs & Shaw — Universal
  3. Good Boys — Universal
  4. Dora and the Lost City of Gold — Paramount
  5. The Peanut Butter Falcon — Lionsgate
  6. The Kitchen — Warner
  7. Scary Stories to Tell in the Dark — Lionsgate
  8. Don’t Let Go — Universal
  9. 47 Meters Down: Uncaged — Lionsgate
  10. Men in Black: International — Sony Pictures

 

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