‘Hunger Games’ DVD Sales Push Lionsgate Up 70% as Fiscal Year Closes
The 2013 fiscal year ended in March for Lionsgate/Summit, and just this past week they’ve released their final earnings report, revealing that their revenue went up 71% from the previous fiscal year.
This is no surprise, given that the year included the theatrical release of both The Hunger Games and The Twilight Saga: Breaking Dawn, Part 2, both of which were massive box office successes. But it should be noted that out of the $2.71 billion the company made this year, over a third came from home entertainment (Blu-ray and DVD), which went up 41% from the previous year. Once again, The Hunger Games played a significant part in that increase.
“We completed a stellar fiscal 2013 with an outstanding fourth quarter that reflected strong contributions from our young adult franchises, as well as the rest of our theatrical slate and our home entertainment and international businesses,” said Lionsgate CEO Jon Feltheimer. “We are performing ahead of plan for all of our metrics, and we’re pleased with the financial strength of our diverse portfolio of businesses and our strong and growing momentum building Lionsgate into a next generation global content leader.”
Lionsgate has also announced that they’ve renewed their agreement with Jon Feltheimer through May 2018. The company expects Feltheimer to provide them with “extraordinary continuity.” Here’s to hoping this means great things to come for the Hunger Games franchise!