Weinstein Titles Spur Starz Distribution Q2 Revenue Surge1 Aug, 2013 By: Erik Gruenwedel
An increase in distribution of select home entertainment titles from The Weinstein Co. helped Starz Distribution post second-quarter (ended June 30) pre-tax operating income of $14.5 million, compared to pre-tax-operating income of $2.6 million during the previous-year period.
Starz Distribution, which includes vendor Anchor Bay Entertainment, digital media and worldwide business units, distribute original programming content produced by Starz, as well as content for itself and by third parties.
Home video revenue reached $126.3 million in the quarter, compared to revenue of $40.9 million during the previous-year period.
Through the first six months of the year, home video net sales topped $176.1 million compared to $78.6 million during the same period last year.
Key titles in the quarter included double Oscar winner Django Unchained, Killing Them Softly (with Brad Pitt), and Quartet (with “Downton Abbey’s” Maggie Smith), among others.
The increases in revenue were partially offset by increases in advertising and marketing costs associated with the premiere of two original series (“Camelot,” and “Magic City”) during the quarter as compared to one series in the 2012 quarter. Other increases included cooperative marketing efforts with distributors and marketing costs associated with the Weinstein titles.