A dearth of tv digital video disc and direct-to-video releases contributed to Lionsgate posting a 5% next quarter (ended Sept. 30) income decline in home entertainment.
The Santa Monica, Calif.-based mini-major stated disc and electronic income from Killers, Kick Ass, Why do I Get Married Too? and From Paris With Love, among other titles, was $132.1 million, in comparison with $139 million all through the previous-year period. Lionsgate stated its $150 million distribution contract with Redbox aided it preserve a powerful DVD-to-box workplace conversion rate.
Lionsgate co-COO Steve Beeks, within of a phone call with analysts, stated the downturn in tv digital video disc releases reflected timing within of the series’ releases, as opposed to marketplace changes.
“‘Mad Men’, ‘Weeds’ and ‘Blue Mountain State’ are all nevertheless carrying out quite nicely in packaged media, and we actual appearance forward to [the fourth quarter] when we are able to be releasing our sequence again,” Beeks said.
Overall, the studio reported a net damage of $29.6 million, in comparison with income of $31.7 million last year, anticipated in element to almost $60 million in advertising buying and selling price related with theatrical releases The Expendables, The last Exorcism and Alpha & Omega, among others. income enhanced 25% to $456.3 million from $366 million last year.
CEO Jon Feltheimer stated Expendables is projected to acquire among the studio’s most worthwhile films ever, using a sequel presently greenlighted.