Revenue, Profits Rise for Lionsgate30 May, 2013 By: Chris Tribbey
Lionsgate May 30 reported fiscal 2013 revenue of $2.71 billion, up 71% from $1.59 billion in the previous fiscal year (ended March 31). Revenue for the fourth quarter was $785.7 million.
The minimajor reported a profit of $232.1 million for the fiscal year, compared with a loss of $39.1 million during the previous fiscal year.
Most every Lionsgate division — theatrical, home entertainment, international and Lionsgate U.K. operations — saw boosts from the studio’s slate of films, including the The Hunger Games and “Twilight” franchise.
“We completed a stellar fiscal 2013 with an outstanding fourth quarter that reflected strong contributions from our young adult franchises, as well as the rest of our theatrical slate and our home entertainment and international businesses,” said Lionsgate CEO Jon Feltheimer. “We are performing ahead of plan for all of our metrics, and we're pleased with the financial strength of our diverse portfolio of businesses and our strong and growing momentum building Lionsgate into a next generation global content leader.”
Home entertainment revenue was $964.1 million for the fiscal year, up 41% from $683.5 million the prior year, The Hunger Games, The Twilight Saga: Breaking Dawn — Part 1 and Part 2, The Expendables 2, Madea’s Witness Protection and Cabin in the Woods carrying the year.
Digital media revenue increased 46% to $276.6 million in fiscal 2013. Overall motion picture revenue was $2.33 billion, an increase of 96% from the prior year. TV revenue in the motion picture divisions generated $277.9 million, while international motion picture revenue was $369.7 million.