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MGM Studios Q3 Home Entertainment Revenue Declines

14 Nov, 2017 By: Erik Gruenwedel

MGM Studios Nov. 14 reported third-quarter (ended Sept. 30) worldwide home entertainment movie revenue of $16.9 million, down $1 million from the previous-year period.

MGM, which distributes discs through 20th Century Fox Home Entertainment, Warner Bros. Home Entertainment and Sony Pictures Home Entertainment (depending on the title), attributed the decline primarily to comparisons from the prior year that included DVD/Blu-ray Disc/digital sales of the latest James Bond movie, Spectre, Barbershop: The Next Cut and Creed, plus ongoing revenue from its library.

By comparison, the current year’s third quarter primarily included revenue from The Belko Experiment, The Magnificent Seven and library content.

Indeed, Spectre and Creed generated $60 million in combined disc sales in 2016, according to The-Numbers.com. The Magnificent Seven has generated $15 million in disc sales this year.

Home entertainment and other revenue for television content topped $8 million, an increase of $600,000 from $7.4 million in revenue a year earlier. Television content includes “The Real Housewives of Orange County,” “The Real Housewives of Beverly Hills,” “Vanderpump Rules” and “Botched,” among other series.

Episodic production for third-party distributors includes “Vikings” (season five), “Fargo” (season three), “The Handmaid’s Tale” (season one), “The Voice” (season 12), “Survivor” (season 34), “Steve Harvey’ s Funderdome” and “Signed.”

Meanwhile, MGM saw a 969% increase in media networks revenue to $114 million from its 100% stake in Epix. That compared to $10.6 million in revenue a year ago when MGM owned about 20% of Epix. Operating income topped $38.1 million from $6.8 billion a year earlier.

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