'Spider-Man' Gives Sony Pictures an 'Amazing' Boost31 Jul, 2014 By: Erik Gruenwedel
Web slinger and 'Jump Street' sequel portend promising home entertainment releases
Webslinger Spider-Man lived up to his superhero expectations, contributing to Sony Pictures reporting second-quarter (ended June 30) operating income of $78 million, up 109% from operating income of nearly $36 million during the prior-year period.
Studio revenue, which includes Sony Pictures Home Entertainment, rose 18% to $1.9 billion globally. Sony Pictures ranks third among major studios through July 27 with a domestic box office of $909.4 million on 12 releases, according to BoxOfficeMojo.com.
The studio benefited from the strong worldwide theatrical sales of The Amazing Spider-Man 2 and 22 Jump Street. The Spidey reboot sequel with Andrew Garfield and Emma Stone has generated more than $706 million at the global box office since its May 2 release, while 22 Jump Street has generated $279.1 million ($186.6 million domestically) since its June 13 launch.
Both titles' strong box office tallies herald promising home entertainment releases later this year. The Amazing Spider-Man and 21 Jump Street sold $31.7 million each in DVDs, with Spider-Man generating another $33.7 million in Blu-ray Disc sales during 2012 retail releases. Jump Street added more than $9 million in Blu-ray sales, according to TheNumbers.com.