Universal Pictures Home Entertainment Revenue Declines

Universal Pictures Home Entertainment Jan. 23 said fourth-quarter (ended Dec. 31, 2018) revenue decreased 14.3% to $315 million from $368 million, reflecting the DVD/Blu-ray Disc and digital retail success of several releases in the prior year period, including Despicable Me 3, partially offset by Jurassic World: Fallen Kingdom and Mamma Mia! Here We Go Again in the recent fourth quarter.

For the year, home entertainment revenue topped $1 billion, down almost 19% from revenue of $1.28 billion in 2017.

Fallen Kingdom generated $57.3 million in revenue from the sales of 2.9 million combined DVD/Blu-ray Disc units, according to The-Numbers.com. Mamma Mia generated $17.7 million on sales of 1 million discs.

By comparison, Despicable Me 3 generated $35.7 million in revenue on sales of 2.1 million discs in 2017. The Fate of the Furious generated $46.5 million on sales of 2.3 million discs.

For the fiscal year, revenue from Universal Pictures decreased 5.8% to $7.2 billion compared to 2017, reflecting lower home entertainment, theatrical, other and content licensing revenue. Pre-tax earnings decreased 42.5% to $734 million compared to 2017, reflecting lower revenue as well as higher operating expenses.

Meanwhile, theatrical revenue increased 189.3% to $547 million from $189 million, reflecting the performances of Dr. Seuss’ The Grinch and Halloween in the just-concluded fourth quarter.