Lionsgate Posts 10% Drop in Q2 Home Entertainment Revenue

Lionsgate Nov. 8 reported second-quarter (ended Sept. 30) home entertainment revenue of $149.6 million from the sales of DVD/Blu-ray Disc and electronic sellthrough of movies, which is down 10% from revenue of $165.7 million during the previous-year period.

Home entertainment sales of television content topped $28.6 million, down about 5% from $29.9% last year.

Through the first six months, home entertainment sales of movies are down 22% to $312.3 million from $399.7 million last year. TV revenue declined 36% to $46.7 million from $72.5 million.

Top-selling titles include Wonder, which as sold $23.3 million in 1.5 million combined DVD/Blu-ray Disc units, and I Can Only Imagine, selling $20.3 million via 1.2 million discs, according to The-Numbers.com.

Motion picture segment quarterly revenue decreased 2% to $379 million. Segment profit increased 45% to $12.9 million, reflecting strong ancillary performance of previously-released theatrical titles.

TV production revenue fell 28% to $152.1 million from $211.2 million last year.

For the fiscal year, motion picture revenue dropped nearly 14% to $744.3 million from $858 million. TV revenue fell 8% to $431.5 million from $472.4 million.

 

‘I Can Only Imagine’ Takes Top Spot on June Disc Sales Chart

Lionsgate’s faith-based juggernaut I Can Only Imagine was No. 1 on the list of combined Blu-ray Disc and DVD units sold for June 2018 according to the NPD Group’s VideoScan tracking.

The film, which was released on disc June 12, is inspired by the story of the creation of the song of the same name by Christian band MercyMe and earned $83.5 million at the domestic box office against a reported budget of $7 million.

May’s top seller, Disney’s Black Panther, slipped to No. 2 for the month.

Universal’s Pacific Rim Uprising, released on disc June 19, was June’s No. 3 seller.

No. 4 was Warner’s Tomb Raider reboot, a June 12 disc release, followed by Disney’s A Wrinkle in Time, which hit disc June 5.

Continued strong sales of Black Panther pushed it to No. 2 for the year to date through June, with Disney’s Star Wars: The Last Jedi remaining in the top spot to be the best-selling disc for the first half of the year.

The rest of the year-to-date top 10 was relatively unchanged. Disney continues to hold the top four spots, with Pixar’s Coco slipping to No. 3, and Marvel’s Thor: Ragarnok dropping a spot to No. 4.

With Sony Pictures’ Jumanji: Welcome to the Jungle holding fast in the No. 5 spot for the year, the only other adjustment to the top 10 was Fox’s The Greatest Showman rising to No. 6, pushing Warner’s Justice League to No. 7.

According to NPD, the June 2018 top 10 by units sold were:

  1. I Can Only Imagine (Lionsgate)
  2. Black Panther (Disney)
  3. Pacific Rim Uprising (Universal)
  4. Tomb Raider (Warner)
  5. A Wrinkle in Time (Disney)
  6. Death Wish (2018) (Fox)
  7. The Greatest Showman (Fox)
  8. Sherlock Gnomes (Paramount)
  9. Paul, Apostle of Christ (Sony Pictures)
  10. Love, Simon (Fox)

 

Year-to-date Top 10 (through June 2018):

  1. Star Wars: The Last Jedi (Disney)
  2. Black Panther (Disney)
  3. Coco (Disney)
  4. Thor: Ragnarok (Disney)
  5. Jumanji: Welcome to the Jungle (Sony Pictures)
  6. The Greatest Showman (Fox)
  7. Justice League (Warner)
  8. It (2017) (Warner)
  9. Ferdinand (Fox)
  10. Wonder (Lionsgate)

 

‘Black Panther’ Tops DVD and Blu-ray Sales for May

‘I Can Only Imagine’ Earns Top Spot on Home Video Charts

The faith-based I Can Only Imagine, distributed by Lionsgate, debuted at No. 1 on the NPD VideoScan First Alert sales chart, which tracks combined DVD and Blu-ray Disc unit sales, and the dedicated Blu-ray Disc sales chart the week ended June 16.

The Christian film, which tells the story of the MercyMe song of the same name, proved to be a surprise box office hit, taking in more than $83 million at U.S. theaters compared with a reported budget of $7 million.

At No. 2 on both charts was another newcomer, Warner’s Tomb Raider reboot, which sold 58% as many copies as the top title overall and 83% as many Blu-rays. It earned just $57.4 million at the domestic box office.

Dropping a slot to No. 3 on both charts in its fifth week was Disney’s Black Panther.

Paramount’s animated Sherlock Gnomes debuted at No. 4 overall and No. 5 on the Blu-ray chart.

The previous week’s top title, Disney’s A Wrinkle in Time, dropped to No. 5 overall and No. 4 on the Blu-ray chart.

The only other newcomers in the top 20 were 20th Century Fox’s Love, Simon, at No. 6 on both charts, and Universal Pictures’ horror sequel The Strangers: Prey at Night, which was No. 18 overall and No. 19 on the Blu-ray chart.

Blu-ray Disc accounted for 40% of I Can Only Imagine unit sales, compared with 57% for Tomb Raider, 50% for Sherlock Gnomes, 56% for Love, Simon and 59% for The Strangers: Prey at Night. Ultra HD Blu-ray comprised 11% of Tomb Raider‘s first-week sales and 5% for Love, Simon.

The Media Play News rental chart for the week ended June 17 also saw I Can Only Imagine debut at No. 1, with Fox’s Death Wish remake, the previous week’s top title, dropping to No. 2.

Sherlock Gnomes debuted at No. 3, while Wrinkle in Time rose to No. 4 and Warner’s Game Night slid to No. 5.

The Strangers: Prey at Night debuted as the No. 6 rental.

Top 20 Sellers for Week Ended 06-16-18
Top 20 Rentals for Week Ended 06-17-18
Top 20 Selling Blu-ray Discs for Week Ended 06-16-18
Top 20 Blu-ray Market Share for Week Ended 06-16-18
Sales Report for Week Ended 06-16-18
Digital Sales Snapshot for Week Ended 06-18-18