News
Marry Me (photo courtesy Universal Pictures)
Erik Gruenwedel
April 28, 2022
Universal Pictures Home Entertainment on April 28 said sales of packaged media, digital movies, among other content, in the first quarter (ended March 31) generated $310 million in revenue, which was up almost 10% from revenue of $282 million in the prior-year period.
The tally dwarfed theatrical, which saw revenue of $168 million — largely driven by the box office release Marry Me, co-starring Jennifer Lopez and Owen Wilson. The numbers marked a positive turn for theatrical, which saw just $39 million in revenue in the prior-year period when most theaters remain shuttered or operating at 50% capacity due to the pandemic.
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Marry Me, which streamed on Peacock the same day it hit the box office, was released on DVD and Blu-ray Disc March 29 — about two weeks after its availability across digital retail channels.
Meanwhile, content licensing to Peacock and third-party distribution platforms remains NBCUniversal’s largest revenue driver, approaching $2.8 billion. That compared with $2 billion in revenue in the prior-year period.
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