Universal Ups Q2 Home Entertainment Revenue 43%27 Jul, 2017 By: Erik Gruenwedel
Retail sales of ‘Fifty Shades Darker’ and ‘Sing’ drive growth
Spurred by strong physical and digital sales of Fifty Shades Darker and Sing, Universal Pictures Home Entertainment July 27 reported a 43% increase in second-quarter (ended June 30) revenue to $344 million, compared with revenue of $241 million during the previous-year period.
Fifty Shades Darker, sequel to erotic drama Fifty Shades of Grey, debuted No. 1 for the week ended May 14 on both the NPD VideoScan overall disc sales chart, which tracks combined DVD and Blu-ray Disc sales, and the dedicated Blu-ray Disc sales chart.
Indeed, the sequel prompted strong 4K UHD Blu-ray unit sales of the original, including $3.3 million in additional combined DVD/Blu-ray Disc sales, according to The-Numbers.com.
Animated Sing remains the No. 4 top-selling disc in 2017 with about $47 million in revenue.
Meanwhile, total studio revenue increased 59.6% to $2.2 billion, primarily reflecting a $540 million theatrical revenue increase to $837 million from the strong box office performance of The Fate of the Furious. Pre-tax earnings increased 407% to $285 million, from $56 million a year earlier.