{"id":1947,"date":"2018-01-24T06:25:17","date_gmt":"2018-01-24T14:25:17","guid":{"rendered":"https:\/\/www.mediaplaynews.com\/?p=1947"},"modified":"2018-01-24T09:21:54","modified_gmt":"2018-01-24T17:21:54","slug":"universal-ups-2017-home-entertainment-revenue","status":"publish","type":"post","link":"https:\/\/www.mediaplaynews.com\/universal-ups-2017-home-entertainment-revenue\/","title":{"rendered":"Universal Upped 2017 Home Entertainment Revenue"},"content":{"rendered":"

Universal Pictures Home Entertainment Jan. 24 reported fiscal 2017 revenue of more than $1.32 billion, which was up about 5% from revenue of $1.25 billion in 2016.<\/p>\n

The studio said fourth-quarter revenue declined 20% to $377 million from revenue of $471 million in the previous-year period.<\/p>\n

Home Entertainment Q4 revenue decreases reflected the success of several releases in the prior year period, including\u00a0The Secret Life of Pets<\/em>\u00a0<\/em>and\u00a0Jason Bourne<\/em>, partially offset by\u00a0Despicable Me 3<\/em>\u00a0<\/em>in this year’s fourth quarter.<\/em><\/p>\n

Overall quarterly studio revenue decreased 5.2% to\u00a0$1.7 billion\u00a0in the fourth quarter of 2017, reflecting lower theatrical, home entertainment, and other revenue, partially offset by increased content licensing revenue.<\/p>\n

Theatrical revenue plummeted 42.1%, primarily due to a higher number of releases in last year’s fourth quarter, including animated\u00a0Sing<\/em>, partially offset by the performance of this year’s fourth quarter releases, including\u00a0Pitch Perfect 3<\/em>.\u00a0\u00a0<\/em><\/p>\n

PP3 has generated more than $100 million at the global box office since its Dec. 22, 2017 theatrical launch. Sing<\/em> generated $270 million at the 2016\/17 box office.<\/p>\n

Content licensing revenue increased 21.2%, driven by the timing of when content was made available under licensing agreements. Adjusted pre-tax earnings increased by 90% to\u00a0$230 million, reflecting lower programming and production costs, partially offset by the decline in revenue.<\/p>\n

For the year, studio increased 20.4% to\u00a0$7.7 billion\u00a0compared to 2016, reflecting higher theatrical, content licensing, other and home entertainment revenue. Adjusted pre-tax earnings increased 83.3% to\u00a0$1.3 billion\u00a0compared to 2016, reflecting higher revenue, partially offset by increased programming and production costs.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Universal Pictures Home Entertainment Jan. 24 reported fiscal 2017 revenue of more than $1.32 billion, which was up about 5% from revenue of $1.25 billion in 2016. The studio said fourth-quarter revenue declined 20% to $377 million from revenue of $471 million in the previous-year period. Home Entertainment Q4 revenue decreases reflected the success of … Continue reading “Universal Upped 2017 Home Entertainment Revenue”<\/span><\/a><\/p>\n","protected":false},"author":9,"featured_media":1959,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[29,166,3,333,271],"tags":[393,392,394,391],"coauthors":[65],"class_list":["post-1947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital","category-financial","category-news","category-retail","category-studios","tag-jason-bourne","tag-pitch-perfect-3","tag-sing","tag-universal"],"acf":[],"yoast_head":"\nUniversal Upped 2017 Home Entertainment Revenue - Media Play News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mediaplaynews.com\/universal-ups-2017-home-entertainment-revenue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Universal Upped 2017 Home Entertainment Revenue - Media Play News\" \/>\n<meta property=\"og:description\" content=\"Universal Pictures Home Entertainment Jan. 24 reported fiscal 2017 revenue of more than $1.32 billion, which was up about 5% from revenue of $1.25 billion in 2016. The studio said fourth-quarter revenue declined 20% to $377 million from revenue of $471 million in the previous-year period. 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