Sony Pictures Home Entertainment Q2 Revenue Declines31 Oct, 2017 By: Erik Gruenwedel
Theatrical release 'Spider-Man: Homecoming' nearly doubles studio revenue
Sony Pictures Home Entertainment Oct. 31 reported second-quarter (ended Sept. 30) revenue of $162 million, which was down 36.5% from revenue of $255 million during the previous-year period. Through the half-year, SPHE revenue topped $361 million, down 17.3% from last year.
Titles released in the quarter included Smurfs: The Lost Village Underground, Season 2, Resident Evil: Vendetta, The Legend of Ben Hall, The Blacklist, Season 4, Once Upon a Time in Venice, Rough Night, Paris Can Wait, Fun Mom Dinner, Starship Troopers: Traitor of Mars.
Theatrical revenue increased 22% to $1.1 billion from $918 million, largely due to box office results from Spider-Man: Homecoming. The latest reboot in the venerable Marvel franchise has generated nearly $880 million in ticket sales since its July 7 debut.
Overall studio operating income increased $39.6 million (29%) to $67.7 million on revenue of $2.19 billion, which was up 18.5% from $1.85 billion last year.