Strong box office results from Oscar winner 'La La Land' helped Lionsgate’s motion pictures segment post $52 million fourth-quarter (ended March 31) profit, compared with a loss of $1.3 million during the previous-year period. Revenue increased 20.6% to $654 million compared to $542 million last year.
Best Buy May 25 said first-quarter (ended April 29) entertainment revenue increased 11.3%, compared with a 11.6% decline in the previous-year period. Entertainment represented 7% ($554 million) of domestic revenue compared to 6% ($470 million) a year ago.
Over the past month or so editor in chief Stephanie Prange has attended and reported on events that highlight the enormous change and legacy of our industry.
Perhaps the most overused term in retail circles is “omni-channel,” an attempt by brick-and-mortar retailers to remain relevant — and stay in business — in a world increasingly dominated by Amazon, iTunes and other Web-only sellers.
The Criterion Collection has done justice to 2001's 'Ghost World' with a beautiful new 4K transfer and some great bonus materials for its Blu-ray debut. (Street Date 5/30/17)
