Best Buy Oct. 15 offered a Steelbook edition of Sony Pictures’ new 4K Ultra HD Blu-ray version of the 2004 Hellboy movie.
Otherwise, a slow week for new releases didn’t yield much in the way of retailer promotions.
Target offered a number of Halloween-themed titles for sale on disc, such as Disney’s Hocus Pocus on DVD for $5 and Blu-ray for $10; The Nightmare Before Christmas Blu-ray for $10; DVDs of the first two “Hotel Transylvania” movies for $4 each and the DVD of the third movie for $10; and Paramount’s DVD double feature of The Addams Family and Addams Family Values for $5.
The big retailers trotted out their usual exclusive add-ons for the Oct. 1 Blu-ray release of Sony Pictures’ Spider-Man: Far From Home.
Best Buy offered the 4K Ultra HD Blu-ray of the superhero film in Steelbook packaging for $32.99.
Target had the Blu-ray/DVD combo pack with a 48-page mini-book for $24.99.
And Walmart packaged the Blu-ray combo pack with a Night Monkey retro action figure for $27.96.
Also at Walmart, fans looking to prepare for the 2020 debut of the new season of “Doctor Who could pick up the DVD of BBC Studios’ Doctor Who: The Complete Eleventh Series as a gift set with a collectible 3-inch figure of the Doctor for $29.96.
Indeed, Best Buy last month revised downward fiscal-year revenue estimates — largely due to ongoing tariff concerns with China.
The company, like most CE retailers and manufacturers, relies in large part on Chinese-made products, including its line of Insignia TVs.
Second-quarter entertainment same-store sales dropped 13.7% compared to a 8.5% increase a year ago. The business unit includes DVD/Blu-ray Disc movies, video game hardware and software, books, music CDs and computer software.
Domestic entertainment revenue topped $441 million, down from $608 million during the previous-year period. The segment represented 5% of Best Buy’s domestic revenue compared to 7% last year. Best Buy closed 13 large format stores in the period.
Regardless, CFO Matt Bilunas remains optimistic.
“In this next chapter, our focus continues to be top-line growth,” Bilunas said in a statement. “We also believe the initiatives we will outline today … along with continued focus on cost reductions, will result in operating income rate expansion over the five-year time frame.”
Retailers mostly eschewed attaching exclusives to the Sept. 24 new releases in lieu of giving special treatment to a handful of Disney catalog titles.
The day saw the release of new “Signature Collections” of 1959’s animated Sleeping Beauty and 1961’s animated 101 Dalmatians, as well as a 4K Ultra HD Blu-ray edition of 2014’s Maleficent.
The titles arrived without much fanfare or advanced promotion, leading to considerable speculation among home entertainment pundits and enthusiasts that the studio was hastily re-releasing its catalog on disc in new editions and new formats to wring some more incremental revenue from them before turning its attention to Disney+, which will become the new home of the famed “Disney Vault” when much of the studio’s catalog will be accessible to subscribers of the pending monthly SVOD service.
However, the titles also have some value as marketing tie-ins for upcoming Disney theatrical releases. In particular, the Sleeping Beauty and Maleficent re-releases herald the Oct. 18 theatrical release of Maleficent: Mistress of Evil, the sequel to the 2014 live-action adaptation.
Disney is also making a new 101 Dalmatians movie, the live-action prequel Cruella, with Emma Stone as the villainous character, due for theaters in 2021.
Best Buy offered Steelbook editions of all three Blu-rays, $29.99 for the new animated editions and $34.99 for the Ultra HD Maleficent. That’s $5 more than the standard versions of each release.
Target offered the Blu-rays of the animated movies with special storybook packaging for $28.99 each.
Among the smattering of additional exclusives, Best Buy offered a 4K Ultra HD Blu-ray edition of Warner’s 2019 version of Shaft for $27.99. Only the Blu-ray and DVD versions were made widely available.
Target offered a DVD of Nickelodeon’s Jojo Siwa: Sweet Celebrations with a pack-in sticker sheet for $9.99.
Target also has a buy-two-get-one-free deal on all music, books and movies, excluding new releases, preorders and clearance.
Each of the big three major retailers put their own spin on Sony Pictures’ new Men in Black: International Blu-ray upon its Sept. 3 release.
Best Buy offered a Steelbook edition of the 4K Ultra HD Blu-ray of the fourth “Men in Black” film for $29.99.
Target had the Blu-ray combo pack with an exclusive 48-page companion mini-book at $22.99.
And Walmart had a $29.96 bundle that included the Blu-ray combo pack of the new film and digital copies of the first three “MIB” films redeemable through the Vudu digital service.
Walmart also had exclusive availability of Nickelodeon’s Paw Patrol: Ready Race Rescue DVD with Vudu digital copy for $14.96, from Paramount.
In addition, Walmart appears to have early availability of Warner’s Scooby-Doo! Return to Zombie Island animated movie on DVD for $12.96. The movie was widely released digitally Sept. 3 and will be available everywhere else on DVD Oct. 1.
Best Buy shares Aug. 29 fell as much as 9% in early-morning trading after the nation’s largest consumer electronics retailer revised downward fiscal year revenue estimates — largely due to ongoing tariff concerns with China.
Best Buy, like most CE retailers and manufacturers, relies in large part on Chinese-made products, including its line of Insignia TVs.
“This updated guidance factors in our best estimate of the impact of recent announcements regarding tariffs on goods from China … and general uncertainty related to overall customer buying behavior in the back half of the year,” CFO Matt Bilunas said in a statement.
Meanwhile, entertainment same-store sales dropped 13.7% compared to a 8.5% increase a year ago. The business unit includes DVD/Blu-ray Disc movies, video game hardware and software, books, music CDs and computer software.
International entertainment same-store sales dropped more than 20%.
Domestic entertainment revenue topped $441 million from $608 million during the previous-year period. The segment represented 5% of Best Buy’s domestic revenue compared to 7% last year.
Best Buy closed 13 large format stores in the period. Restructuring charges of $48 million primarily related to changes in the company’s domestic retail operating model. In the prior year, restructuring charges of $17 million relate to the closure of the company’s domestic Best Buy Mobile stores.
Regardless, new CEO Corie Barry said overall Q2 revenue grew 1.6% on top of a very strong 6.2% last year.
“We also delivered improved profitability driven by gross profit rate expansion and continued disciplined expense management, demonstrating the culture we have built around driving cost reductions and efficiencies to help fund investments,” Barry said in a statement.
For Warner’s Godzilla: King of the Monsters, Best Buy had the 4K Ultra HD Blu-ray in Steelbook packaging for $34.99, and an exclusive 3D/Blu-ray/DVD/Digital combo pack for $29.99 (the wide 3D release doesn’t include the DVD).
Best Buy also offered the Rocketman 4K Ultra HD Blu-ray in Steelbook packaging for $32.99.
Target is offering a free $5 gift card with purchase of Rocketman and the CD soundtrack, which is offered at $13.99 with two exclusive songs. The disc of the movie is available at $17.99 for the DVD, $22.99 for the Blu-ray, and $27.99 for the 4K Blu-ray.
Walmart is selling a $29.96 three-film “John Wick” collection that contains Blu-rays of the first two movies and a digital copy of the third film to watch on Vudu.