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Lionsgate Ups Q2 Home Entertainment Revenue

9 Nov, 2017 By: Erik Gruenwedel

Lionsgate Nov. 9 reported second-quarter (ended Sept. 30) home entertainment revenue of $168.7 million, up 5.2% from revenue of $160.3 million during the previous-year period.

The Santa Monica, Calif.-based studio/distributor reported retail sales of motion picture content increased 5.4% to $165.7 million, from $157.1 million a year ago. Television content sales declined $200,000 to $3.2 million.

Through the fiscal half-year, home entertainment movie revenue reached $400 million, compared with $100 million a year earlier. TV content retail sales reached $6.5 million, compared with $10 million in the previous-year period.

Top-selling packaged-media releases include John Wick Chapter Two, which has sold $26.1 million worth of discs, and Hacksaw Ridge, which has sold $24.9 million in discs. Deepwater Horizon generated $15.4 million in combined DVD/Blu-ray Disc sales, according to The-Numbers.com

Streaming services, which include Comic-Con HQ and Tribeca Shortlist, generated revenue of $1.1 million, compared with $400,000 a year ago. Through the fiscal half-year, revenue topped $2.5 million, from $600,000.

Results include the former Starz Distribution segment of Starz LLC incorporated following Lionsgate’s purchase of the pay-TV network.

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