Lionsgate Home Entertainment Ups Fiscal-Year Revenue 22%30 May, 2017 By: Erik Gruenwedel
Lionsgate generated $708 million in home entertainment revenue from theatrical and related product in fiscal 2017 (ended March 31), compared with $580 million in the previous-year period. Retail sales of TV content fell 34% to $40 million, from $60 million, according to a regulatory filing.
The Santa Monica, Calif.-based studio/distributor generated $247 million from sales of DVD and Blu-ray Disc movies, up 9.2% from $226 million. It sold another $157 million in discs of related content, up 14.5% from $137 million a year earlier. This included $29 million from Starz Distribution, which is now part of Lionsgate following the acquisition of Starz LLC the past December.
Sales of digital movies topped $193 million, up 42% from $136 million. Digital sales of related content increased 37% to $111 million, from $81 million.
The increase was primarily driven by a greater number (and sales) of theatrical titles released on disc and digital compared with fiscal 2016.
Top-selling titles in fiscal 2017 included Now You See Me 2, Deepwater Horizon, Hacksaw Ridge, Hell or High Water and Mechanic: Resurrection.
Top-selling movies in 2016 included The Hunger Games: Mockingjay — Part 2, Sicario, The Last Witch Hunter and The Age of Adaline.
The 30% drop in home entertainment TV revenue to $34 million was primarily driven by an unfavorable comparison with digital revenue from the seventh season of “Mad Men” in fiscal 2016. Disc sales of TV content plummeted 50% to $5.8 million, from $11.5 million.
Lionsgate U.K. home entertainment revenue declined less than 3% to $534 million, from $548 million. Movie revenue dipped 1% to $440 while revenue from related content dropped 10% to $94 million.