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Sony Pictures Q3 Fiscal Saviors: A British Spy, Animated Monsters

29 Jan, 2016 By: Erik Gruenwedel

With the next Spider-Man theatrical release not slated until the summer of 2017, Sony Pictures put in a call to “Her Majesty’s Secret Service,” among other characters, to save its fiscal third quarter, ended Dec. 31, 2015.

Spectre, the latest James Bond movie starring Daniel Craig as Agent 007, and animated monster sequel Hotel Transylvania 2 contributed to Sony reporting operating income of $170 million, up 227% from operating income of $51 million during the previous-year period. Revenue increased nearly 30% to $2.1 billion, from $1.47 billion.

Spectre generated $877.5 million at the global box office since its Nov. 6, 2015, debut, including $199 million domestically. Hotel Transylvania 2 generated $468 million worldwide ($169.5 million domestically).

Sony Pictures, which includes Sony Pictures Television and Sony Pictures Home Entertainment, said Q3 revenue was offset in part by foreign exchange rates and lower home entertainment sales — the latter negatively impacted when compared with strong retail results from 22 Jump Street and The Equalizer in the previous-year quarter.

Indeed, The Equalizer, starring Denzel Washington, was the 15th best-selling disc in 2015 with $34 million in revenue, according to The-Numbers.com.

SPHE should get a boost in Q4 following the Dec. 22 Digital HD release of Hotel Transylvania 2, and separate Blu-ray 3D Combo Pack, Blu-ray Combo Pack and DVD releases Jan. 12. Spectre on home video is handled by 20th Century Fox, with a Digital HD release Jan. 22, followed by Blu-ray and DVD Feb. 9.

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