Universal Pictures Home Entertainment Q1 Revenue Falls

Universal Pictures’ home entertainment unit April 30 reported first-quarter (ended March 31) revenue of $171 million, down 36% from revenue of $267 million during the previous year period.

The decline reflected the retail success of The Grinch, Halloween and Night School in last year’s first quarter, compared with the relative lower performance from 1917, Downton Abbey and Fast & Furious Presents: Hobbs & Shaw in this year’s first quarter.

The revenue did not include Universal’s premium VOD hit Trolls World Tour, which was released on April 10.

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Total studio revenue decreased 22.5% to $1.4 billion, reflecting decreases in theatrical revenue, content licensing, home entertainment and other revenue. Theatrical revenue decreased 28.8%, underscoring difficult comparison to the success of films in the first quarter of 2019, including How to Train Your Dragon: The Hidden World, Us and Glass, offset by the performance of films in this year’s first quarter, including 1917, Dolittle and The Invisible Man.

Indeed, The Invisible Man saw its theatrical run cut short by exhibitor shutdowns due to the coronavirus.

Content licensing revenue decreased 15.4%, driven by the timing of when content was made available under licensing agreements, partially offset by the performance of certain 2020 releases that were made available on premium video-on-demand after theater closures due to COVID-19, including Emma and The Hunt.

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‘Grinch,’ ‘Widow,’ ‘Girl in the Spider’s Web’ Debut in Top Three Spots on Redbox Disc, Digital Charts

Three new releases took the three top positions on both Redbox charts the week ended Feb. 10, led by Dr. Seuss’ The Grinch, the latest take on the classic children’s Christmas story from Universal Pictures.

The Grinch debuted at No. 1 on both the Redbox kiosk chart, which tracks DVD and Blu-ray Disc rentals at the company’s more than 40,000 red vending machines, and the Redbox On Demand chart, which tracks transactional video-on-demand (TVOD), both electronic sellthrough (EST) and streaming.

Bowing at No. 2, also on both charts, was 20th Century Fox’s Widows, a heist film with an ensemble cast headed by Viola Davis and Michelle Rodriguez.

And debuting in third place on both Redbox charts was Sony Pictures’ The Girl in the Spider’s Web, an action thriller that is both a reboot and a sequel to the critically hailed The Girl with the Dragon Tattoo.

The computer-animated Dr. Seuss’ The Grinch earned just over $270 million in U.S. theaters and is aimed at a younger crowd than its darker, live-action predecessor, 2000’s How the Grinch Stole Christmas, which earned slightly less in North American theaters ($260 million).

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Widows, about a band of women who turn to crime so they can pay back a crime boss after their husbands are killed in a botched $5 million heist, scored a domestic gross of $42.4 million.

And The Girl in the Spider’s Web, a theatrical underperformer with Claire Foy in the lead role as the avenger of battered women, took in just $14.8 million at the box office.

High demand for these three new releases pushed Lionsgate’s Hunter Killer to No. 4, also on both charts. The action film, about a squad of Navy SEALs who save the kidnapped Russian president from a military coup, had debuted at No. 1 the prior week.

Rounding out the top five on the Redbox disc-rental chart was Universal Pictures’ First Man, a biopic about Neil Armstrong’s celebrated 1969 moon landing. The film finished at No. 6 on the Redbox digital chart. The week before, First Man had been No. 2 on both charts, after a No. 1 debut the previous week.

On the Redbox On Demand, the No. 5 spot went to 20th Century Fox’s The Sisters Brothers, a Western comedy from 20th Century Fox with John C. Reilly and Joaquin Phoenix as brothers Eli and Charlie Sisters, two assassins in the California Gold Rush.

The film – which earned just over $3 million in a limited theatrical release – also was the fourth new disc release to debut in the top 10 on the Redbox kiosk chart, coming in at No. 10.

Dr. Seuss’ The Grinch, Widows, The Girl in the Spider Web and The Sisters Brothers were all released on DVD and Blu-ray Disc Feb. 5 and for digital sale Jan. 22.

 

Top DVD and Blu-ray Disc Rentals, Redbox Kiosks, Week Ending February 10

  1. Dr. Seuss’ The Grinch (new)
  2. Widows (new)
  3. The Girl in the Spider Web (new)
  4. Hunter Killer
  5. First Man
  6. Night School
  7. The Nutcracker and the Four Realms
  8. Halloween (2018)
  9. Venom
  10. The Sisters Brothers (new)

 

Top Digital, Redbox On Demand, Week Ending February 10

  1. Dr. Seuss’ The Grinch
  2. Widows
  3. The Girl in the Spider Web
  4. Hunter Killer
  5. The Sisters Brothers
  6. First Man
  7. The Hate U Give
  8. Crazy Rich Asians
  9. Venom
  10. Halloween (2018)

 

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