Paramount Home Entertainment May 7 reported first-quarter (ended March 31) revenue of $174 million, which was up about 13% from revenue of $154 million in the previous-year period.
Home entertainment revenue was driven by the mix of titles in release and higher sales of catalog titles. Licensing revenue grew 18%, fueled by original studio productions for third parties, as well as the licensing of The Lovebirds to Netflix.
Paramount’s top-selling packaged-media release in 2020 thus far is the Will Smith actioner Gemini Man.
For the fourth-consecutive quarter, home entertainment sales topped theatrical revenue as box office sales reached $167 million, which was down 3% from revenue of $172 million last year. Despite strong results from Sonic the Hedgehog, revenue was more than offset by prior year quarter revenues, which included carryover performance from Bumblebee.
Paramount’s Gemini Man took over the No. 1 spot on Redbox’s kiosk disc rental and On Demand charts the week ended Jan. 19.
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 previous week’s top title, Warner’s Joker, slipped to No. 2 on both charts.
Another newcomer, Disney’s Maleficent: Mistress of Evil, was No. 3 on the disc chart.
Sony Pictures’ Once Upon a Time in Hollywood slipped to No. 4 on the disc rental chart and No. 5 on the On Demand chart.