Lionsgate Ups Q3 Home Entertainment Revenue 35%21 Feb, 2017 By: Erik Gruenwedel
Uptick includes Starz Distribution and Anchor Bay Home Entertainment
Lionsgate saw third-quarter (ended Dec. 31, 2016) home entertainment revenue increase 35% to $192 million, from $142 million in the previous-year period, according to a Feb. 9 regulatory filing.
Revenue included $167 million from theatrical product (up 33% from $126 million); $23 million from TV shows (up 44% from $16 million); and $2 million from media networks.
The increases were due to assimilation of Starz Distribution, including Anchor Bay Home Entertainment, following Lionsgate’s $4.4 billion acquisition of Starz LLC last summer.
Lionsgate is creating a new home entertainment distribution company ranked 4th in market share (with Walt Disney Studios Home Entertainment), and headed by Ron Schwartz, president of home entertainment and co-head of worldwide home entertainment operations.
Third-party content holders distributed by Lionsgate include The Weinstein Co., Studiocanal, Miramax, Amazon Studios, A24, Participant Media, CBS Films and director Luc Besson’s EuropaCorp, among others.
Media networks represents a new segment that includes licensing of content to cable, satellite, telecom and online video providers. It generated $33 million in operating profit on $85 million in revenue, including $1 million from Starz Networks and $1 million from upstart proprietary SVOD services Tribeca Shortlist and Comic-Con HQ.