Sony Pictures Ups Q3 Theatrical Revenue 76%

Sony Pictures Entertainment Feb. 1 reported third-quarter (ended Dec. 31, 2018) theatrical revenue of $532 million, up 76% from revenue of $302 million in the previous-year period.

Total revenue topped $2.45 billion, up 6.5% from $2.3 billion last year. Operating income increased nearly 10% to $102 million from $93 million.

Principle box office drivers included sci-fi thriller Venom, starring Tom Hardy, with $855 million in global revenue, and Spider-Man: Into the Spider-Verse, with $225 million.

In the previous-year period, top box office titles included Jumanji: Welcome to the Jungle ($329 million) and Blade Runner: 2049 ($163 million).

Subscribe HERE to our FREE daily newsletter!

On the retail side, Sony Pictures Home Entertainment generated revenue of $320 million, down less than 4% from revenue of $331 million in the previous-year period. Through nine months of the fiscal year, home entertainment revenue was up 3% at $713 million from $692 million during the previous-year period.

Home entertainment releases in the quarter included Venom, Sicario: Day of the Soldado, The Equalizer 2, Alpha and Hotel Transylvania 3 : Summer Vacation.

Jumanji: Welcome to the Jungle, Hotel Transylvania 3, Blade Runner 2049 and Spider-Man: Homecoming were the top-selling SPHE titles released on DVD/Blu-ray Disc in 2018 – with combined revenue of $140.6 million, according to The-Numbers.com. .

 

Amazon Prime Jumpstarts ‘Aquaman’ Domestic Theatrical Release with $3 Million Sneak Screening

Amazon continues to flex third-party revenue opportunities through its Prime membership base.

The e-commerce behemoth reportedly helped generate almost $3 million in ticket sales for Warner Bros.’ upcoming DC superhero movie Aquaman, following a Dec. 15 sneak screening. The tally beat Amazon’s previous $1.8 million collaboration with Sony Pictures for Jumanji: Welcome to the Jungle.

Working with Atom Tickets, Amazon enabled Prime members to purchase up to 10 tickets for the special screening available at more than 1,200 theaters nationwide,including AMC, Regal, National Amusement Theaters and ArcLight Cinemas.

Paid sneak screenings – unlike free previews – reportedly offer studios a better estimate how movies will perform under general release.

Directed by James Wan (Saw, The Conjuring, Insidious), Aquaman stars Jason Momoa in the title role, in addition to co-stars Amber Heard, Willem Dafoe, Patrick Wilson, Dolph Lundgren, Yahya Abdul-Mateen II and Nicole Kidman, among others.

The movie, which opens Dec. 21, has already generated $261.3 million in foreign box office revenue.

Amazon, which has more than 100 million Prime members, first began leveraging its user base via Prime Video Channels (formerly Amazon Channels) affording third-party streaming video platforms such as Starz, Showtime OTT and HBO Now direct access to its members, while handling billing and backend support in exchange for a percentage of revenue.

Indeed, parent companies of Showtime, CBS All Access, Starz and HBO Now have attributed much of their subscriber gains to Amazon.

 

 

Sony Pictures Home Entertainment Posts Flat Q2 Revenue

Sony Pictures Home Entertainment Oct. 30 reported second-quarter (ended Sept. 30) revenue of $159 million, down less than 2% from $162 million during the previous-year period.

Through the year-to-date fiscal year, home entertainment revenue is up nearly 9% to $393 million compared to $361 million last year.

Releases in the quarter included The Leisure Seeker, The Good Doctor: Season 1, The Blacklist: Season 5, Superfly andFraggle Rock: The Complete Series. Releases in the previous-year period included Smurfs: The Lost Village, Resident Evil: Vendetta, The Blacklist: Season 4, Rough NightandStarship Troopers: Traitor of Mars.

Top-selling SPHE discs in 2018 remain Jumanji: Welcome to the Jungle with $56.7 million in revenue via more than 2.5 million combined DVD/Blu-ray Discs units sold; Peter Rabbit($17.4 million) through 932,000 discs, and Spider-Man: Homecoming($8.2 million, 630,000), according to The-Numbers.com.

Overall, Sony Pictures posted operating income of $23.5 million on revenue of $241 million. That compared to operating income of $7.7 million on $244 million during the previous-year period.

Theatrical revenue declined due to year-over-year comparisons with Spider-Man: Homecomingin the previous-year quarter.

The studio is projecting operating income of $50 million on revenue of $1 billion for the fiscal year, ending March 31, 2019. That’s up from $44 million and $990 million in revenue during the previous (July) projection.

Sony generated $41.1 million in operating incomes on $1.01 billion in revenue in fiscal-year 2017.

 

 

Sony Pictures Ups Q1 Home Entertainment Revenue 17%

Sony Pictures Home Entertainment July 31 reported first-quarter (ended June 30) revenue of $234 million, up 17.5% from revenue of $199 million during the previous-year period.

The studio attributed the increase to sales of new releases and catalog titles, including Jumanji: Welcome to the Jungle and Spider-Man: Homecoming.

The two titles have generated nearly $60 million in combined DVD/Blu-ray Disc revenue this year, with Jumanji the fourth best-selling release of the year thus far, according to The-Numbers.com.

SPHE’s top-selling new releases in the quarter based on DVD, Blu-ray Disc and digital revenue (electronic sellthrough and VOD distributed on cable, broadcast, satellite and digital platforms, as well as hotel pay-per-view), included: Insidious: The Last Key, Golden Exits, All the Money in the World, Proud Mary, Outlander: Season 3, Film Stars Don’t Die in Liverpool, Peter Rabbit, A Fantastic Woman, Loveless and Paul, Apostle of Christ.

Indeed, Peter Rabbit has generated revenue $11.1 million on sales of 607,000 combined DVD/Blu-ray discs. Outlander: Season 3 has generated revenue of $6.1 million on sales of 189,000 discs, while Insidious: The Last Key has generated $3.3 million on 174,000 discs.

Home entertainment releases in the current quarter (ending Sept. 30) include Finding Your Feet, The Leisure Seeker, Final Portrait, The Good Doctor: Season 1, The Blacklist: Season 5 and Superfly.

Television production revenue increased slightly to $267 million from $265 million last year. Theatrical revenue dropped nearly 27% to $95 million from $129 million last year.

Overall, Sony Pictures Entertainment narrowed its operating loss to $69.6 million on revenue of $1.6 billion. That compared to an operating loss of $85.4 million on revenue of $1.85 billion last year.

 

Sony Ups Q4 Home Entertainment Revenue

Sony Pictures Home Entertainment April 27 reported fourth-quarter (ended March 31) revenue of $290 million, which was up nearly 6% from revenue of $274 million during the previous-year period.

For the fiscal year, revenue dipped 5% to $982 million from $1 billion in the previous year.

Lone home entertainment release in the quarter – box office hit, Jumanji: Welcome to the Jungle– was released just 11 days before the end of the quarter.

Top-selling discs in the quarter included Spider-Man: Homecoming, which generated $1.7 million in combined DVD/Blu-ray Disc unit sales, according to The-Numbers.com. The title has generated $50 million in disc sales since its Oct. 17, 2017 retail release.

Baby Drivergenerated $16.7 million, while Josh Brolin’s forest fire bio-pic, Only the Brave, generated $5.6 million, and animated movie, The Star, generated $4.7 million.

Overall, theatrical revenue in the quarter increased 7% to $1.35 billion from $1.26 billion last year. Fiscal year revenue increased 8% to $4 billion from $3.7 billion.

Operating income for the fiscal year bounced back into the black at $841 million compared to a $962 million loss last year following an impairment charge.