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Warner Home Video Ups Q3 Movie Revenue

2 Nov, 2016 By: Erik Gruenwedel

Warner Home Video Nov. 2 reported revenue of $368 million in the third quarter (ended Sept. 30) from the distribution of theatrical DVD, Blu-ray Disc and digital content. That was up almost 4% from revenue of $355 million in the previous-year period.

Batman v Superman: Dawn of Justice was the top-selling movie in the quarter, generating $62 million on sales of more than 2.7 million discs since its July 19 release, according to The-Numbers.com.

Sales of TV-related content declined nearly 6% to $134 million, from $143 million.

Year-to-date movie revenue is down 23% to $910 million, from $1.18 billion. Revenue from TV shows is down nearly 8% to $313 million, from $341 million.

"Across theatrical and TV, home entertainment revenues were flat. Digital trends remain encouraging, though, with [electronic sellthrough] revenue up 25%, and we expect improved revenue trends as our strong theatrical slate continues to move into the home entertainment window over the next few quarters," Time Warner CFO Howard Averill said on the fiscal call. 

Separately, Warner Bros. Studio, which includes Warner Bros. Home Entertainment, Warner Bros. Television and Warner Bros. Interactive Entertainment, saw operating income increase 11% to $428 million, from $385 million a year ago. Revenue increased 7% to $3.4 billion, from $3.18 billion.

Theatrical revenue increased due to the box office success of Suicide Squad, The Legend of Tarzan, Sully and Lights Out. Video game revenue declined due to year-over-year comparisons with the launch of Lego Dimensions and carryover revenue from Mortal Kombat X in the prior-year quarter.

Suicide Squad, which has grossed nearly $750 million at the global box office, will release at retail Dec. 13. The Legend of Tarzan was released into physical retail channels Oct. 11.


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