Lionsgate's Revenue Up Due to Blu-ray Sales
Posted August 11, 2008 03:12 PM by Josh Dreuth
Lionsgate has announced that their fiscal first-quarter home entertainment revenue is up 47% from the same period last year, mostly due to the increase in sales of their films on the Blu-ray disc format. For the quarter ending June 30th, revenue was $152.2M, up from $103.8M a year earlier. With overall spending similar to last year, Lionsgate is gradually increasing their market share against the larger studios.