Universal Ups Q2 Home Entertainment Revenue

Universal Pictures Home Entertainment July 25 reported second-quarter (ended June 30) revenue of $229 million, which was up nearly 2% from revenue of $225 million during the previous-year period.

Through six months of the fiscal year, home entertainment revenue is up almost 5% to $496 million from $473 million during the previous-year period.

Top-selling titles in the quarter included The Grinch, Halloween and The House with a Clock in Its Walls.

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Overall, studio revenue declined nearly 15% to $1.45 billion from $1.71 billion due in large part to unfavorable comparisons with last year’s theatrical hit, Jurassic World: Fallen Kingdom, partially offset by the performance of The Secret Life of Pets 2 in this year’s second quarter.

For the half-year period, total studio revenue decreased 3.9% to $3.2 billion compared to $3.3 billion in 2018, reflecting lower theatrical and other revenue, partially offset by higher content licensing and home entertainment revenue.

Pre-tax earnings increased 60.3% to $547 million compared to $341 million in 2018, reflecting lower revenue more than offset by lower operating expenses.

‘Grinch’ No Cheapskate for Universal Pictures Home Entertainment

Retail revenue from Universal Pictures Home Entertainment’s The Grinch helped the studio up first-quarter (ended March 31) home entertainment revenue 7.4% to $267 million from $248 million during the previous-year period.

Released Feb. 5, The Grinch has sold more than 1 million combined DVD/Blu-ray discs for $23.6 million in revenue. The title currently ranks the third best-selling disc in 2019, according to The-Numbers.com.

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Overall, filmed entertainment revenue increased 7.4% to $1.8 billion, reflecting higher content licensing, theatrical and home entertainment revenue.

Content licensing revenue increased 11.5%, driven by the timing of when content was made available under licensing agreements. Theatrical revenue increased 5.1%, due to the performance of films in this year’s first quarter, including How to Train Your Dragon: The Hidden World and Us, partially offset by the performance of Fifty Shades Freed in the first quarter of 2018.

Adjusted pre-tax earnings increased 78.7% to $364 million in the quarter, reflecting higher revenue as well as lower operating costs.

‘The Grinch’ Grabs No. 1 on Home Video Charts

Universal Pictures’ The Grinch debuted at No. 1 on the NPD VideoScan First Alert chart, which tracks combined DVD and Blu-ray Disc unit sales, and the dedicated Blu-ray Disc chart the week ended Feb. 9.

The animated adaptation of the classic Dr. Seuss story earned $270.6 million at the domestic box office.

The action-thriller Widows, from 20th Century Fox, debuted at No. 2 on both charts, selling 18% as many copies as The Grinch.

No. 3 on both charts was Sony Pictures’ The Girl in the Spider’s Web, the adaptation of the fourth book in the “Girl With the Dragon Tattoo” series, and the first not written by series creator Stieg Larsson.

The previous weeks’ top seller, Disney’s The Nutcracker and the Four Realms, dropped to No. 4, while Lionsgate’s Hunter Killer slipped to No. 5.

Blu-ray Disc accounted for 66% of first-week Grinch sales, with 6% of total sales attributed to 4K Ultra HD Blu-ray editions. Widows had 51% of total sales in the Blu-ray format, but 10% from UHD Blu-ray. Blu-ray accounted for 62% of The Girl in the Spider’s Web sales.

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The Media Play News rental chart for the week ended Feb. 10 also had The Grinch at No. 1, Widows at No. 2 and Spider’s Web at No. 3. The previous week’s top rental, Hunter Killer, slipped to No. 4, while the 20th Century Fox Western The Sisters Brothers debuted at No. 5.

Top 20 Sellers for Week Ended 2-9-19
Top 20 Rentals for Week Ended 2-10-19
Top 20 Selling Blu-ray Discs for Week Ended 2-9-19
Top 20 Blu-ray Market Share for Week Ended 2-9-19
Sales Report for Week Ended 2-9-19
Digital Sales Snapshot for Week Ended 2-11-19

2018 On Track to Be Record Year at the Box Office

It’s beginning to look like a record year at the box office.

Consumers as of Dec. 26 have spent an estimated $11.38 billion on movie tickets sales in the United States and Canada, according to Box Office Mojo, the box office revenue tracking site.

That’s on par with total spending in the record year of 2016 — and with six days still remaining in 2018, a new record almost certainly will be set.

Movie ticket sales were fueled by blockbusters such as Walt Disney Studios’ The Black Panther and Avengers: Infinity Wars, which with domestic grosses of $700.1 million and $678.8 million, respectively, are the No. 3 and No. 4 movies of all time, according to Box Office Mojo statistics.

Indeed, three of the year’s top 10 movies are also in the all-time top 10, the third being yet another Disney film, Incredibles 2.  With a domestic gross of $608.6 million, the animated sequel is the No. 3 movie of 2018 – and the No. 9 movie of all time.

Disney had five of the year’s top 10 theatrical performers, the others being Ant-Man and the Wasp (No. 8) and Solo: A Star Wars Story (No. 9).

But other studios also shared in the spoils, including Universal Pictures, which had the year’s No. 4 and No. 6 movies, Jurassic World: Fallen Kingdom and Dr. Seuss’ The Grinch; as well as the 20th Century Fox, with fifth-ranked Deadpool 2; Paramount, with Mission: Impossible – Fallout, ranked at No. 7; and Sony Pictures, whose Venom came in at No. 10.

All but two of 2018’s top 10 theatrical releases are already available for home viewing, on digital as well as DVD and Blu-ray Disc. The most recent release is Sony Pictures’ Venom, which was released to the home market through digital retailers on Dec. 11 and on DVD, Blu-ray Disc and 4K Ultra HD Blu-ray on Dec. 18

The lone holdout is Dr. Seuss’ The Grinch, from Universal Pictures, which also is the newest theatrical release, bowing on the big screen on Nov. 9.

The film, with a holiday theme, will most likely be released to the home market in the fourth quarter of 2019, observers say.

Also contributing to the strong year for movie theaters were theatrical over-performers such as Paramount’s A Quiet Place (No. 12, $188 million) and Warner Bros.’ A Star is Born (No. 11, $200 million) and Crazy Rich Asians (No. 14, $174 million), observers say.

 

Top Theatrical Films of 2018, Ranked by Domestic Gross (as of Dec. 26)*

  1. Black Panther, Disney, $700,059,566
  2. Avengers: Infinity War, Disney, $678,815,482
  3. Incredibles 2, Disney, $608,581,744
  4. Jurassic World: Fallen Kingdom, Universal, $416,769,345
  5. Deadpool 2, Fox, $318,491,426
  6. Dr. Seuss’ The Grinch, Universal, $253,588,345
  7. Mission: Impossible – Fallout, Paramount, $220,159,104
  8. Ant-Man and the Wasp, Disney, $216,648,740
  9. Solo: A Star Wars Story, Disney, $213,767,512
  10. Venom, Sony, $213,030,843

 

*Box Office Mojo, as of Dec. 26