Consumers love catalog and Miramax movies. That’s the bottom line as Paramount Pictures Nov. 6 reported that sales of packaged-media and transactional digital movies reached $533 million, which is up 13.8% from revenue of $468 million during the previous-year period. In the quarter, revenue topped $150 million, essentially flat with the $153 million generated in the previous-year period.
Primary sales drivers in the quarter included Paramount catalog and Miramax movies. Top-selling Paramount titles include Terminator: Dark Fate, Sonic the Hedgehog, and the original Top Gun.
On the flipside, the famed studio generated just $6 million at the box office, underscoring ongoing fiscal challenges to the theater business due to the coronavirus pandemic. For the nine months of the fiscal year, revenue is down 58% to $176 million, from $418 million in the previous-year period. Parent ViacomCBS deemed theatrical revenue “immaterial” due to the closure or reduction in capacity of movie theaters in response to COVID-19.
To CEO Bob Bakish, the immediate future for Paramount lies in the 2021 rollout of SVOD platform Paramount+ and recent unification of ViacomCBS’s global streaming organization.
“Our company’s transformation is ahead of schedule and we are incredibly excited by the opportunities ahead,” Bakish said in a statement.
Paramount’s Terminator: Dark Fate took over the No. 1 spot on Redbox’s kiosk disc rental and On Demand charts the week ended Feb. 2.
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 sixth “Terminator” film and latest reboot of the franchise earned $62 million at the domestic box office.
The previous week’s top title, Sony Pictures’ Zombieland: Double Tap, slipped to No. 2 on both charts.
A couple of retailers offered exclusives with Paramount’s Terminator: Dark Fate upon its Jan. 28 DVD and Blu-ray release.
The sixth film in the “Terminator” franchise, Dark Fate takes place decades after Sarah Connor (Linda Hamilton) prevented Judgment Day. A lethal new Terminator is sent to eliminate the future leader of the resistance. In a fight to save mankind, battle-hardened Sarah teams up with an unexpected ally (Arnold Schwarzenegger) and an enhanced super soldier to stop the deadliest Terminator yet.
Best Buy offered its usual Steelbook edition with the 4K Ultra HD Blu-ray combo pack at $34.99.
Walmart offered a bonus Vudu digital copy of World War Z with its $27.96 4K Ultra HD combo pack and $22.96 Blu-ray copies of Dark Fate.
Target, on the other hand, offered an exclusive for a different film, Universal Pictures’ Harriet, the Oscar-nominated biopic of Harriet Tubman. Target’s $22.99 Blu-ray edition of the film came with a slipcover containing exclusive box art.
In addition Academy Award nominations for Best Actress (Cynthia Erivo) and Best Original Song (“Stand Up,” co-written by film star Erivo and Joshuah Campbell), Harriet, which has earned $42 million at the domestic box office, was nominated for two 2020 Golden Globe awards, including Best Actress in a Drama for Cynthia Erivo and Best Original Song for “Stand Up,” a SAG Award, and a Critics Choice Award.
This is also the final week of a special sweepstakes promotion from Redbox kiosks at Walmart stores. Consumers who find a “Golden Disc” can win a seven-day cruise for a family of four, airfare or other prizes. The contest runs through Feb. 3.
Paramount Home Entertainment in January 2020 will release Terminator: Dark Fate for home viewing.
The sixth film in the “Terminator” franchise will be available through digital retailers on Jan. 14. Two weeks later, on Jan. 28, the film will become available on Blu-ray Disc, DVD and 4K Ultra HD Blu-ray.
The Blu-ray Disc, 4K Ultra HD, and digital releases come with over an hour of bonus content, including deleted and extended scenes, in-depth featurettes taking fans through the process of reimagining the world after Judgment Day, a look at the climactic final showdown, and a visual effects breakdown.
In addition, the digital release will include access to two more featurettes and previsualization sequences showing how the action was planned out prior to filming. Select digital platforms also will offer film commentary by director Tim Miller and editor Julian Clarke, as well as an introduction and commentary on the deleted scenes
The 4K Ultra HD disc and 4K Ultra HD digital releases feature Dolby Vision. The film also boasts a Dolby Atmos soundtrack remixed specifically for the home to place audio anywhere in the room, including overhead. In addition, both the 4K Ultra HD and Blu-ray combo packs include access to a digital copy of the film.
Terminator: Dark Fate takes place decades after Sarah Connor (Linda Hamilton) prevented Judgment Day. A lethal new Terminator is sent to eliminate the future leader of the resistance. In a fight to save mankind, battle-hardened Sarah teams up with an unexpected ally (Arnold Schwarzenegger) and an enhanced super soldier to stop the deadliest Terminator yet.